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    US Dollar Eyes Trump Speech, Beware of Month-End Rebalancing

    We can expect an historic correction in the US Dollar following a Trump presidential inauguration. The US Dollar has been moving in a narrow range for more than six months. Although the US Dollar is a global currency, it is not a naturally strong currency that moves against economic forces, or against a stronger currency. In this article, I am going to present the reasons why the US Dollar is headed toward a historic correction. We should expect an important rebalancing of the global economic and financial system at the month-end following the Trump inauguration. The Trump transition team, from top to bottom, is highly unqualified. To appoint someone with…

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    Australian Dollar Could Wilt As Reality of Covid Recession Sinks In

    Now the Australian Dollar is hitting a very low point. The currency market says this is due to looming economic concerns and the realities of the recession facing this country. These issues will affect the Australian economy, although the real economic issues are still left to be addressed. But as global financial woes hit Australia, the currency is taking a beating. Australian Dollar and the US Dollar are now being traded at close to parity. Many people are blaming the Government for this poor performance in the Australian Dollar. It appears that there are many fundamental factors playing in the weak local currency. This problem will not go away in…

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    AUD/USD Levels to Watch Following Failed Run at March High

    Understanding and following the AUD/USD levels to watch following a failed run at the March high is the key to a successful long trade. There are some useful rules to follow if you are going to be successful. These rules can save you money and help you make money with your investments. To determine the effective level of the AUD/USD, you need to use your basic understanding of both currency pairs. When you understand what you are doing and why, it is much easier to trade. Many traders get into the trade too early and they miss out on more profits than they can ever hope to make. Determine your…

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    NZD/USD April Range Intact as New Zealand Eases Nationwide Lockdown

    The NZD/USD Index had enjoyed a period of strong momentum over the past week with fluctuations limited to a range. The latest reversal suggests that the risks are lessened. As of this writing, the index is at $1.0860 and is well within the index’s trading range. It remains to be seen whether the index will soon test its key support at $1.0395. Several market indicators point to higher volatility in coming days. At the same time, the index is slightly below the index’s trading range. In fact, its range is a range of about 0.9940 and some $1.0960. Given the recent trend, a range of about 0.9240 could also be…