The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: ggersh who wrote (22965)	9/23/2009 6:51:20 PM
From: RockyBalboa	Read Replies (2) of 71477

Opening of the next session was a bit of a surprise, all the currencies opened 30 -40 bp off and now recover. The recovery from 1.4690 went pretty smooth, quite the volatility. Since the fed should be a non event, all what remains is a bit of chart damage. Rubberband in place but I solidly missed the correct level when I purchased in the late session... but there´s always an average down. :) The pound actually outperformed the EUR a bit so the idea that the EUR cross retraces is still here. Since no one buys EUR vs Pound right now they have not tried to bring the pound below 1.63. So, dumping excess positions; tomorrow is another day.

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