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Dollar Ranges Could Fall With Tomorrow's FOMC Minutes (Forex Video)
Monday, 25 August 2008 21:11:37 GMT  |  John Kicklighter, Currency Strategist
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Dollar may find volatility with direction tomorrow as the market prepares for the FOMC minutes and a few noteworthy housing and sentiment indicators.

 

·         Sharp pound reversal triggers retail GBPUSD stops and balances sentiment in the process.
·         Pound positioning in COT data shows the greatest number of shorts on record. Was today's reversal a sign?

Stories to watch on DailyFX

·          Event risk heats up Tuesday. Prepare for the event risk by reading up on the 5 Key Events report. Up first US housing and confidence data, then the FOMC minutes.
·          See what trade setups are topping the DailyFX Analyts' lists in the DailyFX Analysts Picks section.

Send any comments or questions to jkicklighter@dailyfx.com.

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