SPX500 – Recent Dip Scares Away S&P500 Bears
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Retail forex traders have eased away from their extreme Euro-bearishness, after last week’s data showed an all-time record with nearly 4 sell orders for every long. The shift in sentiment across the board the past week sees a mixed view of the US Dollar overall, though the British Pound may be best positioned to take advantage of any US Dollar strength henceforth.
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--- Written by Christopher Vecchio, Currency Analyst
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