Nasdaq and EURUSD: Have Traders Roused the 'Buy the Dip' Mentality?

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Nasdaq, S&P 500, EURUSD, USDCAD and EURGBP Talking Points:

• Following a -7% slide for the S&P 500 and -11% tumble for the Nasdaq, the indices put in for their biggest single-day rallies since Jun 5 and Apr 29 respectively
• While the ‘buy the dip’ mentality is a powerful speculative elixir among the long-complacent, volatility remains the overbearing concern in the financial system
• Fundamentally, the US government’s inability to approve a stimulus program paired with the ECB’s upcoming rate decision makes EURUSD a pair to watch

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