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It’s no surprise: U.S. dollar bounces on “Plan B” rejection
From dailyforextradingedge.com
The saga continues as we see the fiscal cliff “winners” and “losers” played out from sound bite to press conference to progress to letdown. Thursday night was the latter and the letdown of the rejection of so-called “Plan B” by House Republican leaders caused the market to re-think just how much optimism that had already been baked into the cake. Unwinding the “optimism position” was swift Thursday evening but it seems that as traders re-evaluate the situation on Friday - going into the weekend – optimism that the cliff will be averted is returning as equities pare their gains. Technically the daily ... (full story)
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Posted: Dec 21, 2012 8:57pm
Submitted by: Raghee Horner
Category: Technical Analysis
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1,413 Views
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