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Traders look beyond FED´s decision

The dollar remains the currency market’s standout performer for the second straight day, gaining value against each of its major rivals after Wednesday morning’s as-expected new homes sales report. Despite consistent strength in the greenback each day this week, the world’s reserve currency is still down from its pre-Fed levels of last week, so it’s difficult to draw any conclusions about the sustainability of the current move, especially due to the lower liquidity pre-holiday conditions.…
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An important day ahead

After a calm trading session, we´re about to see a lot of important data tomorrow. It will all start at 11:30 with British monthly retail sales and it offers a first opportunity of the week to make a strong, fundamental trade. After that, at 2:30 pm, it is likely that we will see a decisive movement in USD pairs after US data releases, which could end the ambiguity of the direction USD pairs are headed in now.
Also, there´s a good chance that whatever the direction USD will move toorrow, it will…
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Sideways trading pattern in all currencies

Today, we experienced a very calm, yet extraordinarily unpredictable session. The dollar seems to have gained a lot of strength against a couple of major currencies.
It is, however, still true that, thanks to contradictory European data, the currency market is extremely unpredictable, with very little information to act on. This will probably continue till Wednesday, as te only important data release which could affect the dollar is Crude oil inventories. That is certainly worthwhile.
Trader´s…
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