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New York Open - US Dollar

Posted on August 25, 2010 at 8:41 in Others by mbaghdady

US dollar:
After yesterday’s bad housing numbers and the general negative sentiment towards the US dollar and the US economy you could see from the chart that the dollar has bounced back after the initial knee jerk sell off and turned around, began to stabilize and move higher against the pound, Aussie and the Euro .
The initial bias is to maintain the long side , the price action is indicating a lack of follow through to the negative news and the is a growing appetite towards increase the Dollar reserves

Tags: Forex, Mike Baghdady, Training Traders

One Response to “New York Open - US Dollar”

  1. on 25 Aug 2010 at 2:43 pm1ANIL R VORA

    MIKE
    a)How can I subscribe to yr seminar
    b)How can I replicate the progamme refering to the way yr seminar displays currencies/charts on my computer screen

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