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  • US Dollar catches a bid to start the session

    From forexlive.com

    Flows are everything when it comes to getting things started in the new year and today is no different. Equities are pushing higher but at the same time, the dollar is gaining traction despite the more positive risk momentum so far today. USD/JPY has trimmed its earlier drop from 129.80 to 130.30 at the moment while EUR/USD is down 0.6% to just under 1.0600, with large option expiries at 1.0580 in play now.

USD Strong
Hard Work, Never Loss
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Follow price direction
Was waiting for this move for a week.
Everyone can see the chart, but only a few can actually read it.
I also was waiting for this but I lost my patience (
not only that but stocks are rallying too together with the dollar which is strange.
Quoting jordanvic
not only that but stocks are rallying too together with the dollar which is strange.
Strange indeed.. Gold is also strange. Something fishy going on around here. I'll wait for tommorow.. Fed should destroy this mist..
  •  Guest
  • | IP XX.XX.81.47
I'm wondering why dollar being strong?? It's because of stocks?
Lol
The move is way too fast. Looks like a trap to me.
Easy 100p on GU
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Quoting jordanvic
not only that but stocks are rallying too together with the dollar which is strange.
USD is now dettached from stocks. Get used to it, this year.
  •  Guest
  • | IP XXXX:f8a8:f35c
Just when everyone thought that the US dollar had changed trends
Dollar to make new highs early this year? It seems that way
Quoting zOrO2kX
{quote} USD is now dettached from stocks. Get used to it, this year.
never ever has that ever happened. USD is always negatively correlated to stock
Quoting dougkenya
{quote} never ever has that ever happened. USD is always negatively correlated to stock
You do know that nothing is absolute in these markets? Correlations line up and desynchronize on a regular basis. See the next comment
Quoting dougkenya
{quote} never ever has that ever happened. USD is always negatively correlated to stock
See attached....Of course I can point out more but not at the moment.
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Is that DXY fake out? Last 4h very confusing in DXY chart.
Quoting Analyst007
Is that DXY fake out? Last 4h very confusing in DXY chart.
False breakout on all USD pairs
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Just my thoughts.
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  • Story Stats
  • Posted: Jan 3, 2023 3:15am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 18  /  Views: 12,255