On a day when we had mostly stronger economic data from the around the world, the disappointments in this morning’s US economic releases have only confirmed the overall dollar bearish tone in the markets.
Price Headley writes that t's important to quantify your expectations for how much risk you will take in each position, and how much reward you think that position will offer you.
The US dollar extended yesterday’s losses as Asian and London traders joined the markets overnight and repositioned themselves on the back of the less hawkish Fed comments.
In the daily currency technicals, the euro breaks resisting trendline, the Japanese yen drops two big figures, the British pound fights back, and the Swiss franc targets 1.2300.
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