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Seeing some dollar buying all of the sudden The dollar has reversed back higher in the last 30 minutes of trading.   The EURUSD is back down testing the trend line on the 5 minute chart. The 100 bar MA on the same chart has been broken, but the trend line continues to hold the support. 
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Dollar continues to trade with a soft tone despite better than expected jobless claims data. The decline in claims data is seen more as a result of expiration USD 600 a week supplemental federal benefits, rather than the improvement in the labor market conditions. For now, though, New Zealand Dollar and Yen are the worst
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In an interview with the Italian daily, La Repubblica, on Wednesday, the billionaire investing legend George Soros acknowledged that the current Wall Street rally looks like a bubble but noted that there are two key catalysts sustaining the advance. Key quotes “Two simple propositions”. “One is that in situations that have thinking participants the participants’ view of the world
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Forex news for Asia trading Thursday 13 August 2020 Sellers of US dollars prevailed during the session here as currencies gained pretty much across the board. Even gold managed to head back up towards its US-time high. News flow was light, we did get comments from US Treasury Secretary Mnuchin that strongly indicated the two
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