November 16, 2012 at 15:15 PM EST
As Weekend Begins, Euro Is Forced Back to Reality
The following are the latest daily summaries of my ongoing intraday coverage providing context to interpret price action. Any prices listed are for a contract's current "front month." Their direction tends to correlate with any ETFs listed for each. Today’s Highlight: The impending weekend forced the euro back to reality as was expected rejecting the mid-week bounce that never gained traction. But its drop back into the range was not trending and it could rally again especially as gold and bonds remain in a range. Dollar Basket Dec Contract DX; (NYSEARCA:UUP) (NYSEARCA:UDN) Thursday’s second consecutive recovery from probing intraday ...
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