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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The Pound-Dollar jumped on a space rocket yesterday. After touching an intraday low of 1.4976, the pair started to rebound, the shorts panicked, and the pair took off. In my last post (GBP/USD and Sovereign Credit Risk), I mentioned how I’ve been generally bearish on the Pound but could see some rebounds from oversold conditions. [...]
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In the past few weeks we have seen some small stock market rallies due to the downward movement in oil prices. This included rallies in airlines stocks, automotive stocks, and other stocks who are oil-dependent. However, do not be fooled by these up-swings which have no fundamental support. If oil drops $5.00 during trading, it [...]
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