US Dollar – Are we witnessing a “Buy the rumor” phase?

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News traders often conform to the general philosophy of 'Buy the rumor, sell the fact'. This basically means that traders take long positions in the run up to a news event, which more often than not tends to fall short of expectations, with the exception of a few economic releases every now and then. The basic reason for the rally that often precedes a news or economic release is based on marke...


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