The WSJ Dollar Index, which measures the US currency against a basket of 16
others, rose Wednesday to 90.12 from 90.04 on Tuesday after December private
employment figures from ADP came in stronger than expected. The Labor Department
will release its closely watched payrolls data for December on Friday.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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