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  • Fed Officials Signal Quarter-Point Rate Cut Likely At July Meeting - WSJ

Gold silver Bullish again
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But the dollar, bond prices and equities dropped currently
But usd up
Uh oh... this is going to strengthen the dollar compared to the EUR!

Draghi just announced he's cutting (0.25 * 100000000000).... so this is basically no cut. This entire thing is a joke at this point.
Quoting skillz16
Uh oh... this is going to strengthen the dollar compared to the EUR! Draghi just announced he's cutting (0.25 * 100000000000).... so this is basically no cut. This entire thing is a joke at this point.
so ur short EurUSD huh ? Calm down.. there's business unsettled upstairs on the pair.
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Quoting ashimkhan
But usd up
If they only cut it for 0.25 that's pretty much already priced in the market
Its friday, who cares what currencies do!
Long USD fOREVER!
This looks like a good move to fade if you ask me. There's nothing really new in the WSJ article, may have just been an algo driven move on the headline.

Meanwhile, Iran just captured a UK tanker which obviously should be bullish for oil, gold, etc.
Self-sufficiency is the greatest of all wealth. - Epicurus
I puke, when I see them show that hand signal ....
Quoting asmadi78
Long USD fOREVER!
Good luck with that...
Come with me if you want to live....
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Really after July meeting the dollar will strengthen again . It is only one cut and not a start of another cycle . It will be mentioned clearly .
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