Category: 3. Trends
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US Dollar finds support at 200dma
The S&P500 is negative for the year and below its 200 day moving average (dma). After a weaker than expected stimulus announcement from the European Central Bank (ECB) the US Dollar dropped significantly but has found support at its 200dma. Expect switchback volatility until after next week’s meeting of the Federal Reserve FOMC. —————————————————————————— Listen…