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Strategies & Market Trends : The coming US dollar crisis
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To: ggersh who wrote (29305)7/16/2010 3:24:40 PM
From: RockyBalboa  Read Replies (1) of 71452
 
Yes currency markets are chronically sticky. The DX travelled from near 89 to 82 full speed it is hard to turn a tanker, even if most of its parts turned red today. And even as the DX should (if it wants lower at all) should goodbye kiss the chart at least at 84... but the zero saw the 1.30 briefly and sees no bid. Betting on another, more serious Moody downgrade?

Meanwhile the stocks are giving up lots of ground. 2.3% off is a lot even for current measures of volatility. 9700 one more time?
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