US Dollar Finds Refuge at Key Retracement Level- Sell-Off to Slow

US Dollar Finds Refuge at Key Retracement Level- Sell-Off to Slow

US Dollar Finds Refuge at Key Retracement Level- Sell-Off to Slow

The EURUSD triangle is contracting, which should present short term range opportunities early this month. There is a significant reversal opportunity in the USDCHF.

Trailing a Stop and Trading Multiple Lots Can Help in Trade Management

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On June 30, 2011, the Federal Reserve’s second round of Treasury bond buying, informally known as quantitative easing, or QE2, came to an end. With a QE3 program unlikely to occur. the question arises: was quantitative easing worth it after its influence on the Greenback

The Dollar-Loonie pair remains within its long-term descending channel, though a rebound in the near-term may be on the horizon.

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As market sentiment continues to improve, higher yielding currencies like the kiwi have been on the advance. Although today’s better-than-expected Canadian GDP print fueled loonie gains, scalp entry points are in now in sight as the pair continues to trade within a well defined ascending channel.

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NEW YORK : The US dollar’s share of allocated currency reserves fell in the first quarter, while global central bank holdings surged to a record near $10 trillion.