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Bullish US Dollar Trend at Risk on Fed Outlook- $10B Taper Expected
- USDOLLAR Threatens Bullish Trend Ahead of FOMC Meeting - AUD to Continue Series of Lower Highs & Lower Lows Retain Game Plan to ‘Selling Bounces’ Ahead of FOMC Meeting Bearish RSI Divergence Favors ‘Selling Bounces’ Interim Resistance: 10,753 (23.6 expansion) to 10,759 (61.8 retracement) Interim Support: 10,561 (100.0 extension)- Closing Basis The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) may face a larger decline over the near-term as it threatens the bullish trend carried over from the previous year. Indeed, the Federal Open Market Committee (FOMC) interest rate decision may dictate price ... (full story)
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Carbon-Dioxide: the gas of life!