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After the impressive rally the dollar in the last trading days of last week, it has now fallen an average of 0.5% against all other major currencies. Again, the unexpectedness of the Forex market has been shown for all to see. It’s never easy to predict how the market will behave. It depends on so many [...] In a recent post I wrote about how the dollar may be headed for a long term decline. Now it appears that, for the moment at least,I may have spoken too soon… Those people who believe that Forex trading should all be technical and never fundamental certainly got their point across yesterday as the dollar rallied [...] Friday saw rallies in both US stocks and the Dollar vs. the 6 other major currencies after encouraging data regarding the US job market were published. The US economy lost less jobs in July than was expected. In fact, the unemployment rate actuallty dropped by 0.1%. This news brought about a new wave of optimisim among [...] There’s no doubt that the US Dollar is feeling the pressure in these past few weeks as risk appetite grows and investors are slowly taking there money out of the perceived safety of the Dollar and putting it on more speculative investment and currencies. The way of the world remains the same. It is but yesterday [...] |
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