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Wall Street rallies on US jobless report

The US stocks market has closed Thursday with big gains as investors accepted the risky invitation from the better than expected Jobless claims report. Market is gaining confidence that the US recovery is on track. The DJIA rose for 10th straight day, first time since November 1996.

The Dow Jones rose 83.94 points or 0.58% to close the day at 14,538.99. The S&P 500 advanced 8.71 points or 0.56% to close at 1,563.23, 2 points shy of all-time high. The Nasdaq Composite added 13.81 points or 0.43% to close at 3,258.93, highest since 2000.

Forex: GBP/USD consolidates gains after sharp rally

After rallying almost 200 pips, the British pound finally found resistance and stabilized into the end of the American session but remains on track to post its largest one-day gain in 2013.
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Forex Flash: EUR/USD targets 1.2660 - UBS

The UBS analyst team informs that they open a new recommendation short EUR vs. long USD at current spot 1.3010 with a target at 1.2660. "Our stop-loss on that position is 1.32", they say. "This position should profit from increasing confidence in the US economy".
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