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Tuesday, August 6, 2013

Big improvement in US trade balance results in a stronger Euro

This comedy of errors simply does not cease.

We get a HUGE improvement in US Trade Balance and what happens?

The EUR/USD climbs HIGHER!!

Meaning because of the GREAT trade balance figures, the EURO is stronger
and the USD is weaker!

Looking over at the USD/JPY currency pair, you can see the USD dropped
against the EURO too.

Either the markets have turned stupid or there is something sinister.

Traders, someone is playing us.

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