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Oil slump weighing on markets

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US stocks ended sharply lower on Tuesday as oil slide continued and investors sold off energy and financial stocks. The dollar weakened on falling risk appetite. According to live dollar index data the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, fell 0.2% to 99.821. The S&P 500 dropped 1.9% to 1903.03, with energy and financial stocks leading the decliners, down 3.3% and 2.6% respectively. The Dow Jones Industrial lost 1.8% and the

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