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Thursday, August 8, 2013

Consistent irrationality in forex

If anything, there is indeed a method in the madness that has taken hold
of the market.

Again we have great figures for the US Initial Jobless Claims and the
USD continues to drop.

USD/JPY dropping and the EUR/USD ascending.

Just a bit more and I wouldn't be surprised if a major crackdown
occurs. This is really an "in your face" thing that has no problem
keeping the market irrational for an extended period.

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