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News-Dollar rises as Fed rate cuts seen less aggressive
No signals taken today as the markets were generally mixed in the morning session. The dollar bearish sentiment seemed to diminish as the dollar was being supported throughout the day. I was proved right at the end of the trading day as my daily trend table has just signalled a shift in the USD dollar sentiment, i.e. from bearish to bullish, albeit very slightly (52%).
I will be extra cautious tomorrow, only considering a small position and looking to buy the US dollar when the signal is present.
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