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Dollar Uncouples From News

Dollar Uncouples From News

4 Years ago | May 08, 2016 00:00:00

John M. Bland, MBA, CTA

Correlations Break down
The past two weeks have been a curious period in the forex market with the EURUSD making a virtually uninterrupted run from 1.1220 (April 22) to 1.1615 (May 3) and then back almost straight down to the 1.1400 line (1.1385 May 5), a 50% retracement. This is one of the first times in over four decades in this business that I have seen such strong and persistent price moves with no clear explanation for them. We have been scratching our heads trying to figure out what is afoot a

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