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The Case for a EURUSD Bounce This Week
Given today’s Japanese bank holiday (Labor Thanksgiving Day), it’s not surprising that the FX markets have gotten off to a bit of a slow start. The performance of the US Dollar has been mixed in Asian and early European trade as traders weigh the sustained uptrend against the lack of new bullish catalysts for the world’s reserve currency. Further complicating matters, many US traders may restrain from meanginful trades ahead of Thursday’s Thanksgiving holiday. While US economic data tomorrow and on Wednesday may inject some volatility to the markets, the overall environment favors potential countertrend ... (full story)
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- Nov 24, 2014 12:09pm Nov 24, 2014 12:09pm
- noiko jones
- | Joined Dec 2011 | Status: Admiral of the Magnificent Fleet | 104 Comments
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- parsifal23
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- Nov 24, 2014 2:28pm Nov 24, 2014 2:28pm
- noiko jones
- | Joined Dec 2011 | Status: Admiral of the Magnificent Fleet | 104 Comments