Month: March 2015

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Is EURUSD going down now?

Is EURUSD going down now?

On 25th March 2015, I posted the possible areas which we could sell the EURUSD. To view that posting, please click here. Recent price action suggest that the EURUSD might be heading towards a sell even sooner than expected. However I am not jumping the gun and pressing the sell button ASAP….. The Euro Bond…

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Where to buy the US Dollar

Where to buy the US Dollar

We saw the Dollar Index trading to a 11 year high of 100.39 before quickly coming down to trade at the current price of 96.74. The rejection is somewhat strong which is what I believe what Yellen hopes for. The strong dollar speaks not so much to the strength of the US economy but to…

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Possible sell area for EURUSD

Possible sell area for EURUSD

The EURUSD has been in a recovery mode mainly due to weakness in the US Dollar. I have marked the possible areas in yellow for traders to look for sell. The yellow area is the 1.1300 – 1.1179 area. If prices is not able to reject the yellow highlighted area, then I would be looking…

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What is happening to the dollar

What is happening to the dollar

So far the news for the dollar has been rather muted with a tinge of weakness. Yesterday we had the ISM Manufacturing recording a 52.9 down from 53.5. This is the fourth consecutive down which indicates that the manufacturing expansion is slowing. Personal spending too has contracted¬† by 0.2% which suggest consumers are still tight…

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