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  • A Dollar whiplash from private sector jobs?

    From marketpulse.com

    A new month and a new quarter should not be capable of changing things up too much. Both forex volume and volatility are not expected to ease off anytime soon as a hint of rate divergence brings with it a lot more opportunities. Hitting the half-way mark of a busy week, one notices that Euro bourses are inching lower, calling time on the previous session’s rally that had been driven by a fall in eurozone inflation to a five-year low. Some investors are expecting that the ECB would be required to be more proactive at tomorrow’s monetary policy meeting. On reflection, the consensus thought has the ECB policymakers ... (full story)

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  • Comment #1
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  • Oct 1, 2014 8:10am Oct 1, 2014 8:10am
  •  111ForexGuru
  • | Commercial Member | Joined Nov 2013 | 259 Comments
Ok. We got your message . You want us to continue thinking that the dollar will be stronger and base our trades on this.
I have closed my shorts in EURUSD some time back and now I am now long with very small position.
Leaders don't do different things, but they do the same things differently.
 
 
  • Comment #2
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  • Oct 1, 2014 8:23am Oct 1, 2014 8:23am
  •  michaelpelly
  • Joined Oct 2012 | Status: Member | 1992 Comments
One clear indicator though - FF traders GBP/USD short:long ratio is going over 60:40 - same situation like last summer - and the cable started to go up and up forever :-).
 
 
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  • Story Stats
  • Posted: Oct 1, 2014 7:01am
  • Submitted by:
     OANDA
    Category: Fundamental Analysis
    Comments: 2  /  Views: 1,927
  • Linked event:
    USD ADP Non-Farm Employment Change
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