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Stay Lines

Posted 02-03-2010 at 12:18 PM by zdo

Line Changes:
>Extended Active green lines. Steepened upper one slightly
> Extended dark green trend line. Same angle.

Position Changes:
None. Still short.

Order Changes:
None. Ready to move stop losses down to stay lines.
Attached Images
File Type: jpg y1002032.jpg (75.4 KB, 18 views)
zdo
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Old

Will Currency Markets ‘Smile’ on the US Dollar?

Posted 02-03-2010 at 10:32 AM by DailyFX

The US Dollar is likely to rise against most major currencies in 2010 according to a "smiling" model of the greenback’s performance at the beginning, middle and conclusion of major recessions in the United States.

The ‘Dollar Smile’ Hypothesis

Intuitively, one would suppose that the US Dollar should decline if the United States falls into a deep recession as the Federal Reserve cuts interest rates to stimulate economic growth, making the greenback unattractive...
Posted in Uncategorized
Views 266 Comments 0 DailyFX is offline
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