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Dollar for being "too strong"

Apr 21, 2017 at 05:48
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2 Replies
Member Since Dec 22, 2016   18 posts
Apr 21, 2017 at 05:48
There are a lot of investors have been telling that dollar will soon collapse as it has been experiencing a slow and sluggish movement recently.

However, recently I have read this article (https://www.funds-money.com/dollar-tumble/) that trump discussed what is happening with the dollar. According to him, he regard dollar as 'too strong' despite there is this five week high for the gold. But it seems that Trump is also convince that this will really affect the economy.

How will investor react with this one?
Member Since Apr 18, 2017   38 posts
Apr 23, 2017 at 06:30
Thank you very much for sharing this article here, very informative! By the way, right now I am with EURO! Yes, even right now I have a trade on EUR/USD with 78 pips profit! I seem, the others days of this month with be good for EURO! Actually, my trading base is technical analysis and I am confident enough about my prediction!
Member Since Feb 12, 2016   522 posts
Apr 24, 2017 at 13:38
The EUR has been supported by the France elections and the result that for the moment Le Pen will not receive majority and the France Exit scenario weakening for the moment.

Runoff on May 7 will came up with final result, so then we might see another market shaking :)

At ChenLipKeong - that is great that you use the technical analysis, just have in mind that the fundament leads the technique 😉
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