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Volatility back in effect - FXStreet

FXStreet (Barcelona) - Valeria Bednarik suggested that traders can’t complain about volatility these days at least.

Key Quotes:

“Both greenback and stocks reversed Wednesday rallies, with most majors about to reach pre FOMC Minutes levels, big exception made by JPY”.

“In Europe, EZ trade balance shrunk below expected, down to 17.5B for August, albeit market ignored the news and kept pushing EUR/USD higher, with the pair reaching 1.2790”.

“The upcoming downward corrective movement was boosted early US session by better than expected weekly unemployment claims in the US which left the 4 week average in lows not seen since February 2006”.

“But indexes were again leading the way, with both US major ones posting extreme declines: DJIA traded over 330 pips down before the close, while the S&P lost over 1.80%, once again flirting with critical supports”.

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