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May 12, 2011 / Jeb

Dollar Dead Cat Bounce Finished?

The US dollar has been reacting very bullish to the death of Osama bin Laden, the figurehead of Al Qaeda. Short-term investors have shown a renewed interest in the US dollar (UUP) as near-term resistance and the 50-day moving average have broken to the upside. Word hasĀ  spread that this has been a critical blow to the Al Qaeda network, but countries are preparing for retaliatory attacks.

Read the full article and watch video interview by clicking here.

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