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Anzo Capital: Weekly Market Review
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[QUOTE="Anzo Capital, post: 187301, member: 65339"] [HEADING=1][B]Weekly Market Review by [URL='https://anzocapital.com/int?utm_source=earnforex&utm_medium=Advertisement&utm_content=WeeklyMarketReview']Anzo Capital[/URL][/B][/HEADING] For the week of 26 Oct 2020 [HR][/HR] [HEADING=2][B]All Bets On The US Dollar[/B][/HEADING] US GDP figures regained the second quarter losses with a 33.1% surge in output for the first estimate of third quarter performance. The result indicates that a recovery of the US economy is underway, however, further stimulus will be needed to return to the previous pace of growth before the pandemic hit. The labour market appears to be moving in the right direction with fewer jobless claims being filed. Approximately 750,000 Americans claimed unemployment benefits in the week ending 25th October against an estimate of 773,000. Further, capital goods orders also rose more than expected in September as the pace of business investment appears to be gaining pace. Orders growth far exceeded expectations; climbing 1.9% for the month. [HR][/HR] [B]Stay informed with our real time comprehensive market analysis reports and financial news [URL='https://anzocapital.com/int/research-tools/daily-insights?utm_source=earnforex&utm_medium=Advertisement&utm_content=WeeklyMarketReview']here[/URL].[/B] [/QUOTE]
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