Good US eco data don't help the dollar

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    On Friday, the dollar traded with a negative bias going into the US payrolls release as investors clearly avoided USD long positions after Yellen’s soft comments. The payrolls were strong, but close to expectations, while the ISM and Michigan consumer confidence were stronger than expected. Every attempt to rally intraday ran into dollar selling. What cannot go up, must come down. The price action reflects the negative sentiment surrounding the dollar. The inverse correlation between the

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