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An ugly jobless claims print was the day's early catalyst sending yields significantly lower, stocks, gold, oil, and crypto higher and the dollar down with rate-cut expectations re-ignited... chart A dovish shift supported stocks - which had a "squeezey feel" amid very low liquidity... chart Goldman's trading desk noted that while yesterday was the ...
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There was also a further element of optimism that the Euro-Zone economy is poised for at least a tentative rebound. The Euro to Dollar (EUR/USD) exchange rate recovered from initial losses to 1.0725 and posted a net gain to 1.0780. The Pound to Dollar (GBP/USD) exchange rate also moved back above the 1.1500 level, recovering from earlier lows just below ...
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