FXCM's three-pronged approach
On a fundamental basis, for example, FXCM believes the rise in oil prices will have a significant impact on the US economy and consumer spending. "Oil acts as a tax for consumers," explained Lien. "In October and November last year, the global slowdown and changes in interest rate cycles were primarily a result of the rapid rise in oil."
Meanwhile, technical indicators such as the latest trade and budget deficit reports were dollar negative.
"With this broader trend in mind, we tend to adjust
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