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Dollar Slumps on Poor GDP Data + EURUSD Longs Entered

Dollar Slumps on Poor GDP Data + EURUSD Longs Entered

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After a week of consolidation, the Dollar is finally moving lower as it prints the lowest GDP in two years. As a result of this, traders could look at EURUSD extending higher. This morning's US GDP came out at a two-year low of 2.0% versus…
Dollar Surges as Fed Hints at Further Rate Hikes Until 2024

Dollar Surges as Fed Hints at Further Rate Hikes Until 2024

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This afternoon's FOMC rate statement and economic projection presser resulted in a bullish response for the Dollar as further rate hikes are likely until 2024. The Federal Reserve discussed the possibility of 6 to 7 interest rate hikes until…
Dollar Bulls Respond at 92.500 + EURUSD Intraday Shorts Entered

Dollar Bulls Respond at 92.500 + EURUSD Intraday Shorts Entered

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After a poor CPI report, Dollar bulls seem unfazed as they look to drive prices higher. As a result, EURUSD looks to head lower after creating a new lower high. Today's CPI report came out worse than forecasted as the result was 0.3% versus…
DXY Bulls Reach 92.300 + EURUSD Shorts Activated for NFP

DXY Bulls Reach 92.300 + EURUSD Shorts Activated for NFP

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After ending off July on a bearish note, Dollar pulls have answered with a pullback to 92.300. Meanwhile, traders have entered EURUSD shorts as we approach tomorrow's NFP job report. The US Dollar Index had a rough time last week of July…
Dollar Bulls Respond Despite Poor ADP, EURUSD and GBPUSD Shorts

Dollar Bulls Respond Despite Poor ADP, EURUSD and GBPUSD Shorts

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Despite only adding less than half of the forecasted amount of jobs, the Dollar is up for the day. As a result, traders are eyeing potential intraday shorts for EURUSD and GBPUSD. Today's ADP report reported an additional 330,000 jobs versus…
Dollar to Visit 92.00 + EURUSD and GBPUSD Intraday Longs

Dollar to Visit 92.00 + EURUSD and GBPUSD Intraday Longs

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Dollar bears continue to pile on as price approaches 92.000. As a result, traders are gearing up to long both EURUSD and GBPUSD. After clearing last week's low, the US Dollar Index (DXY) retraced back up to retest a crucial zone near 92.750.…
NZDUSD Hits Final Target + Dollar Resumes Path to 93.430

NZDUSD Hits Final Target + Dollar Resumes Path to 93.430

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Price action traders are enjoying their longs for NZDUSD as the price has hit all respective targets. More moves are on the way in the market as the Dollar is ready to push to 93.430. Last Friday, price action traders witnessed a bullish…
EURUSD Longs and USDCHF Shorts as Dollar Continues Push Lower

EURUSD Longs and USDCHF Shorts as Dollar Continues Push Lower

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The Dollar starts this week off by closing bearish below 90.00 for the fourth time this month. This move has poised EURUSD to push higher and USDCHF to head lower. With continued pressure from the bears, the US Dollar Index has once again…
Markets Moving Choppy But USDCHF and USDCAD Should Drop

Markets Moving Choppy But USDCHF and USDCAD Should Drop

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The markets have for the most part spent much of May in disarray. Despite the erratic behavior of the Dollar, both USDCHF and USDCAD should drop next week. After the Dollar created a low at the start of the week near 89.700. After which price…
USDCHF Short Profits + DXY Resumes Downtrend

USDCHF Short Profits + DXY Resumes Downtrend

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The US Dollar Index (DXY) was only able to stay bullish for a day before caving under the pressure from bulls. As a result, shorts for USDCHF have entered into profit. After yesterday's brief resurgence, the Dollar is once again on the path…