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Risk-off sentiment takes its toll on dollar

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Friday , equities and commodities (especially oil) stayed under sharp downward pressure. Brent oil lost again almost 2 dollar and closed at 37.93, a new cyclical low. US equities shed about 2% and the S&P fell below previous low, painting a ST bearish double top on the charts. Initially, the impact on the dollar was mixed. USD/JPY suffered from the risk-off sentiment. At the same time the dollar performed reasonably well against the euro. The US data (retail sales and PPI) were OK, but

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