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COMMENTARY
5/17/2013 12:30:38 PM ET
Precious metals extend losses as stocks & dollar both rally
Precious metals are again trading sharply lower with gold looking set to close down for a seventh straight session today. This would be the yellow metal’s worst losing streak since March...
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5/17/2013 11:38:11 AM ET
Crude oil pares gains as the dollar rallies
Crude oil was sharply higher for much of Friday’s session with both Brent and WTI contracts up in excess of 1% each. It looked like investors were again showing no signs...
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5/16/2013 7:00:36 AM ET
Precious metals on the brink
Precious metals are taking the brunt of the dollar’s strength today with a pause in virtually all other market as we await US economic data in the afternoon. Gold is falling...
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5/15/2013 10:52:40 AM ET
Crude oil plunge as concerns over demand intensifies
Crude oil extended its losses today as concerns over demand intensified after another set of poor economic data. France fell back into a technical recession in the first quarter while Germany...
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MOST POPULAR
Attribution Effect: What Road Rage Drivers Can Teach Us About Trading
5/17/2013 3:01:40 PM EDT
Counter-Trend Buy as NZD/USD Showing Early Signs of Bottom
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EUR/CHF Soaring, 2-Year Highs in Sight
5/14/2013 2:59:20 PM EDT
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ECONOMIC EVENTS
TECHNICAL ANALYSIS REPORT
Friday, May 17, 2013
5/17/2013 7:27:44 AM ET
Short Term Technical Report Updated Daily at 13:30 GMT
Medium Term Report Updated Daily at 22:00 GMT
CURRENCY
CURRENT BIAS
POTENTIAL STRATEGY
EUR/USD (Short Term)
Still trapped in a tight range between 1.2850 and 1.2890 as traders look ahead to U.S. data. See full report for more details.
GBP/USD (Short Term)
Consolidating in the mid-1.5200s after yesterday's bounce. Previous stop sell trade cancelled
USD/JPY (Short Term)
Consolidation continues in the mid-1.0200s, next resistance at 1.0300. See full report for more details
USD/CHF (Short Term)
Yesterday's bounce off .9600 losing steam, near-term resistance sits at .9700
USD/CAD (Short Term)
Buy if USD/CAD dips to 1.0230, stop at 1.0195, target at 1.0275. See full report for more details
AUD/USD (Short Term)
Relentless selling pressure continues, room down toward .9700 or even .9600 next week
NZD/USD (Short Term)
Also breaking lower, possible support levels sit at .8050 and .8000. See full report for more details
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LATEST BUSINESS NEWS
McDonald's: Slow times for fast food
Wall St. bounce back
G20 leaders pose for class photo
Going the distance to attract marathon customers
Austerity to be hotly debated at G20
Daily Digit: $2.7b out of gold funds
Lufthansa considers legal action over strike plans
SAP Co-CEO upbeat despite lower Q1 results
Chinese cars still in the slow lane to global market
RECENT TRADER TALK
Fawad
AUD/USD long-term bullish trend broken
8:57 AM ET May 14th
Hi - next target is probably 0.9825 which ties in with the 161.8% of the move on the 4 hour chart. Beyond that is anyone's guess really but as I have pointed out in the article, 0.9650 and 0.9405 could be additional targets
View conversation
jwong139
AUD/USD long-term bullish trend broken
8:52 AM ET May 14th
Fawad - AUD/USD touched 0.9900 already today. Any further target you are looking at for this pair?
View conversation
Darkdoji
AUD/NZD Sell Working Well, Stop to Breakeven
2:37 PM ET May 2nd
Came around to make sure you are still around and doing ok - doing very well myself and off experiments now doing the real thing and doing very well. You are sure to hear from me in time and like I said this will be my domain once I am rea...
View conversation
fmlbfx
Sell Opportunity as GBP/NZD Hits Record Low
10:52 PM ET Apr 3rd
Hi Most traders loose their money because point of entry is at the end of the trend I prefer to follow Bill Williams concept. Farid
View conversation
MWeller
AUD/NZD Sell Working Well, Stop to Breakeven
1:58 PM ET Apr 2nd
Note that I moved my stop to breakeven at 1.2451 - depending on where you got into this trade, it may not be exactly at breakeven for you.
View conversation
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TRADE IDEAS
Trades to Watch
Trades in Progress
currency
trade idea
USD/CAD
Medium term
Buy at 1.0230
Stop at 1.0195
Target at 1.0275
view more trades
currency
trade idea
GBP/JPY
Medium term
Opened 5/16/2013
Short from 156.6000
Stop at 157.4
Target at 155.1
view more trades
These are hypothetical trades and should not be relied upon as a substitute for independent research.
CENTRAL BANK RATES
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