Analysis of Forex Trading, Financial Markets, and Economic Policies
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The Euro-dollar (EUR/USD) is hanging out around its 2010 low. Debt concerns regarding Greece and other European countries has ripped the Euro apart. Additionally, as mentioned before, everyone and their grandmother is short the EUR/USD. There is no doubt that the Euro-dollar is in a strong downtrend and possibly looking to crack the 1.3200 and [...]
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On the technical side, the US Dollar Bull Flag (daily chart) had held until now, with the dollar reaching a multi-month high of 80.82. However, it seems like the flag is overdone and a daily evening doji star has formed. A textbook explanation of the candlestick formation is below: Click on images for full-sized picture [...]
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On Thursday (Feb. 4th 2010), markets across the world sunk lower as sovereign debt problems spread fear and panic among investors. The graphs below shows how red was the color of the day. Click on images for full-sized graph As expected, the safe haven currencies (U.S. dollar and the Japanese Yen) skyrocketed as investors looked [...]
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The unanimous consensus that the dollar is on a secular downtrend appears to be breaking down. A rebound in the Dollar Index is changing the sentiment on the over-crowded one-way short dollar (and long gold) trade. The rebound has been sharp with the dollar index climbing from the low of 74.21 to a level of [...]
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