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Dollar Surges After Powell's Speech - Time for a Reversal?

Dollar Surges After Powell's Speech - Time for a Reversal?

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After a slow start to the week, the markets are thriving after Powell's speech earlier today. The Dollar is up 0.73% for the day and is expected to push higher. Powell's speech hinted at the further reopening of the US economy which would…
Dollar Recovery Likely + USDJPY Swing Long

Dollar Recovery Likely + USDJPY Swing Long

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The Dollar is up for the day to start the Non-Farm Payroll week. Current forecasts suggest positive job numbers, which should lead to further upside for the Dollar. Although the unemployment rate is expected to increase to 6.4%, the US economy…
GBPUSD and NZDJPY Swing Longs Active For Next Week!

GBPUSD and NZDJPY Swing Longs Active For Next Week!

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As expected, the US Dollar Index took a tumble and went as low as 90.170 for the day. Price action analysis forecasts further Dollar weakness for next week. As a result of the weakening Dollar, the Pound has started to resume its previous…
Dollar to 91.200 + USDJPY Short?

Dollar to 91.200 + USDJPY Short?

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The US Dollar Index continues to climb as it is up 0.47% for the day. After creating a low to start the week, the price has rallied considerably with 91.200 as the next target. This morning the US economy released its core retail sales data.…
+200 Pips From Major Trades, More on the Way

+200 Pips From Major Trades, More on the Way

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As the US Dollar Index (DXY) makes its way down to 90.00, traders are securing profits from trades against the Dollar. Price action analysis indicates that the DXY will have a small rebound from 90.40 before the price continues its path down…
NZDUSD Profits + GBPJPY Long

NZDUSD Profits + GBPJPY Long

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Since yesterday, the US Dollar Index has gone from giving signs of weakness to surging strongly to the upside. Despite the DXY failing to meet 91.00, the brief bullishness allowed traders to cash in on shorts for the majors. One major that…
Manufacturing Data and USD Strength + GBPUSD Priming for Long

Manufacturing Data and USD Strength + GBPUSD Priming for Long

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Today's Philly Fed manufacturing data came out exceptionally well, as the data printed a result of 26.5 versus the forecast of 11.2. Despite this result, the Dollar has found itself down 0.42%. As expected, the long-term downtrend for the…
DXY Gap and Holiday Trading Conditions

DXY Gap and Holiday Trading Conditions

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Over the weekend the US Dollar Index (DXY) gapped from 89.90 to 90.45 and then went on a rally back to the 91.00 psychological level. This sudden move was not a shock to most veteran traders as this type of volatility can be expected during…
EURUSD and AUDUSD Profits + DXY to 88.75

EURUSD and AUDUSD Profits + DXY to 88.75

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The US Dollar Index (DXY) is wasting no time to reach 2018's low as sellers continue to pressure the Dollar to go lower. Today many of the majors have extended their gains against the Dollar, with some being up +0.62% up for the day. EURUSD…
EURUSD Ready to Enter + NZDCAD Shorts

EURUSD Ready to Enter + NZDCAD Shorts

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The midweek of the trading week is here and the markets are jumping with volatility. This morning Congress passed a $900 billion stimulus package for the United States. This news led to a rapid depreciation in the US Dollar and several setups…