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	<title>Forex Traders Daily &#187; Featured</title>
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	<pubDate>Thu, 20 Nov 2008 14:59:39 +0000</pubDate>
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		<title>Weekly Outlook for Commodities from Odom &#38; Frey</title>
		<link>http://www.forextradersdaily.com/2008/09/29/weekly-outlook-for-commodities-from-odom-frey-5/</link>
		<comments>http://www.forextradersdaily.com/2008/09/29/weekly-outlook-for-commodities-from-odom-frey-5/#comments</comments>
		<pubDate>Mon, 29 Sep 2008 17:01:47 +0000</pubDate>
		<dc:creator>Derek</dc:creator>
		
		<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://www.forextradersdaily.com/2008/09/29/weekly-outlook-for-commodities-from-odom-frey-5/</guid>
		<description><![CDATA[September                      29, 2008
 




 





General                            Market Comments:
Commodities                              continue to be on hold&#8230;&#8230;






                                Commodities continue to be on hold in terms of major                                directional moves while it too watches the socialization                                of America. (...)]]></description>
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		</item>
		<item>
		<title>Weekly Outlook for Commodities from Odom &#38; Frey</title>
		<link>http://www.forextradersdaily.com/2008/09/29/weekly-outlook-for-commodities-from-odom-frey-4/</link>
		<comments>http://www.forextradersdaily.com/2008/09/29/weekly-outlook-for-commodities-from-odom-frey-4/#comments</comments>
		<pubDate>Mon, 29 Sep 2008 16:39:06 +0000</pubDate>
		<dc:creator>Derek</dc:creator>
		
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		<guid isPermaLink="false">http://www.forextradersdaily.com/2008/09/29/weekly-outlook-for-commodities-from-odom-frey-4/</guid>
		<description><![CDATA[September                      29, 2008
 




 





General                            Market Comments:
Commodities                              continue to be on hold&#8230;&#8230;






                                Commodities continue to be on hold in terms of major                                directional moves while it too watches the socialization                                of America. (...)]]></description>
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		</item>
		<item>
		<title>Weekly Outlook for Forex</title>
		<link>http://www.forextradersdaily.com/2008/09/29/weekly-outlook-for-forex-5/</link>
		<comments>http://www.forextradersdaily.com/2008/09/29/weekly-outlook-for-forex-5/#comments</comments>
		<pubDate>Mon, 29 Sep 2008 16:38:36 +0000</pubDate>
		<dc:creator>Derek</dc:creator>
		
		<category><![CDATA[Featured]]></category>

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		<description><![CDATA[September              29, 2008









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General                Market Comments:


Markets continue to                be focused on the bailout. (...)]]></description>
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		</item>
		<item>
		<title>Weekly Outlook for Forex from Odom &#38; Frey</title>
		<link>http://www.forextradersdaily.com/2008/09/26/weekly-outlook-for-forex-from-odom-frey-5/</link>
		<comments>http://www.forextradersdaily.com/2008/09/26/weekly-outlook-for-forex-from-odom-frey-5/#comments</comments>
		<pubDate>Fri, 26 Sep 2008 14:04:41 +0000</pubDate>
		<dc:creator>Derek</dc:creator>
		
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		<guid isPermaLink="false">http://www.forextradersdaily.com/2008/09/26/weekly-outlook-for-forex-from-odom-frey-5/</guid>
		<description><![CDATA[O&#38;F FOREX              News &#38; ViewsBy: Head Trader, Derek Frey



September              22, 2008









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General                Market Comments:


What a wild ride last                week was! (...)]]></description>
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		</item>
		<item>
		<title>Weekly Outlook for Forex from Odom &#38; Frey</title>
		<link>http://www.forextradersdaily.com/2008/07/29/weekly-outlook-for-forex-from-odom-frey-3/</link>
		<comments>http://www.forextradersdaily.com/2008/07/29/weekly-outlook-for-forex-from-odom-frey-3/#comments</comments>
		<pubDate>Tue, 29 Jul 2008 12:31:47 +0000</pubDate>
		<dc:creator>Derek</dc:creator>
		
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		<guid isPermaLink="false">http://www.forextradersdaily.com/2008/07/29/weekly-outlook-for-forex-from-odom-frey-3/</guid>
		<description><![CDATA[This week we have another round of data points coming out.  We have GDP on Thursday and then the all important NFP report on Friday.  We expect the Dollar to continue to stage a bounce and we are overall buyers of dips in the Dollar against the majors.  Now that oil has backed off of its highs the central bankers have the “excuse” they need to justify sitting on their hands.  This lack of action on the part of the Central Banks leaves the currencies as a whole to drift in a very choppy fashion.  This is a true “traders market” and one that is likely to last for the balance of the year as we see little on the horizon that would force the hand of one of these Central Banks.  
 
EUR/USD:
Much like last week, we are again selling rallies in this pair.  There is little to no reason to expect this pair to follow through above 1.60 in the near term so we continue to be sellers of strength.  Again we are not predicting overall direction, what we are predicting is a lack of direction or range bound market that we have already seen since the beginning of the second quarter, continue to maintain itself for the foreseeable future and since we are still closer to the top of the range than the bottom we remain short biased.  
 
GBP/USD:
This pair also remains the same as last week.  We are sellers of rallies especially anytime this pair trades above 2.00.  We are still targeting a move to at least 1.9750 and possibly lower before this current “trend” reverses.  This market is also range bound much like its cousin the Euro.  And here to the BOE is unlikely to do anything for some time.  Central Bankers as a whole are acting like a deer in the headlights, that is to say that they are paralyzed by fear and frankly we think rightly so. (...)]]></description>
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		</item>
		<item>
		<title>Weekly Outlook for Commodities from Odom &#38; Frey</title>
		<link>http://www.forextradersdaily.com/2008/07/29/weekly-outlook-for-commodities-from-odom-frey-3/</link>
		<comments>http://www.forextradersdaily.com/2008/07/29/weekly-outlook-for-commodities-from-odom-frey-3/#comments</comments>
		<pubDate>Tue, 29 Jul 2008 12:30:32 +0000</pubDate>
		<dc:creator>Derek</dc:creator>
		
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		<guid isPermaLink="false">http://www.forextradersdaily.com/2008/07/29/weekly-outlook-for-commodities-from-odom-frey-3/</guid>
		<description><![CDATA[Commodities continue to be mixed though we are nearing a point in the summer where we are expecting a bit of bounce to come across most of the commodities markets.  In particular we are looking for both Grains and Energy sectors to stage a brief rally in the weeks ahead.  We are not calling for a resumption of the uptrend, but a bounce back up to retest some of the recent highs is in order.  We still expect the Dollar to continue to stabilize.  
 
Crude Oil:
Crude oil has managed to stay down for a week giving the bulls in the stock markets a reason to breathe a sigh of relief.  We are in no way out of the woods yet as far as the price of oil is concerned but this pause, if that is all it is, is welcome to say the least.  We are buyers of this dip for the near term as we still feel there is more that can cause the price to rise than fall on the horizon.  
 
Natural Gas:
Our first round of buying was stopped out but we are still biased to the long side this week as we expect at the very least a dead cat bounce to bring prices back above 10.  
 
S&#38;P500:
Since bouncing off of the lows, the market has struggled to maintain that upside bias.  We are confident that in the sort term it will in fact follow through.  We are therefore buying major dips this week and holding those trades into next week and beyond.  Again we are not expecting anything other than a short term sucker rally so do not get sucked into this unless you plan to exit quickly and soon.  
 
U.S. (...)]]></description>
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		</item>
		<item>
		<title>Weekly Outlook for Commodities from Odom &#38; Frey</title>
		<link>http://www.forextradersdaily.com/2008/07/21/weekly-outlook-for-commodities-from-odom-frey-2/</link>
		<comments>http://www.forextradersdaily.com/2008/07/21/weekly-outlook-for-commodities-from-odom-frey-2/#comments</comments>
		<pubDate>Mon, 21 Jul 2008 15:56:20 +0000</pubDate>
		<dc:creator>Derek</dc:creator>
		
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		<guid isPermaLink="false">http://www.forextradersdaily.com/2008/07/21/weekly-outlook-for-commodities-from-odom-frey-2/</guid>
		<description><![CDATA[Commodities continue to consolidate as we have mentioned in recent issues.  We are now seeing even the leader, crude oil, back off from its highs.  While we do not in anyway think the overall bull is dead we do suspect he is tired and looking for a mid summer nap.  Freddie and Fannie seem to have weathered the storm that we saw last week and confidence in the overall markets seems to be coming back.  Overall we are looking for more firming in the Dollar with continued consolidation across commodities as a whole.  
 
Crude Oil:
Oil did have the “break” we warned about.  It does look like it was enough to “shake out” the weak hands.  We are now buyers of dips again and are looking for a retest of the old highs and the probability of pushing through 150 remains higher than the probability of pushing back below 100.  Between tensions in the Middle East and Africa, and continued increases in overall demand, there are more underlying reasons for the price to rise than fall. (...)]]></description>
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		</item>
		<item>
		<title>Weekly Outlook for Forex from Odom &#38; Frey</title>
		<link>http://www.forextradersdaily.com/2008/07/08/weekly-outlook-for-forex-from-odom-frey/</link>
		<comments>http://www.forextradersdaily.com/2008/07/08/weekly-outlook-for-forex-from-odom-frey/#comments</comments>
		<pubDate>Tue, 08 Jul 2008 12:19:49 +0000</pubDate>
		<dc:creator>Derek</dc:creator>
		
		<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://www.forextradersdaily.com/2008/07/08/weekly-outlook-for-forex-from-odom-frey/</guid>
		<description><![CDATA[This week all eyes are focused  on The BOE.  Will they follow the lead of the ECB or continue to  be the lapdog of the FOMC?  We expect the ladder, while wishing  for the former as we feel that is the right thing to do.  We have  a number of other important reports coming out both this week and next.   The overall tide against the Dollar continues to put in a bottom and  we do feel that continuing to buy dollars on bounces is the overall  best place to be.  We cannot yet say that the absolute low for  the Dollar is in but we suspect that if it is not already in that it  is close. (...)]]></description>
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		</item>
		<item>
		<title>Weekly Outlook for Commodities from Odom &#38; Frey</title>
		<link>http://www.forextradersdaily.com/2008/07/08/weekly-outlook-for-commodities-from-odom-frey/</link>
		<comments>http://www.forextradersdaily.com/2008/07/08/weekly-outlook-for-commodities-from-odom-frey/#comments</comments>
		<pubDate>Tue, 08 Jul 2008 12:18:55 +0000</pubDate>
		<dc:creator>Derek</dc:creator>
		
		<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://www.forextradersdaily.com/2008/07/08/weekly-outlook-for-commodities-from-odom-frey/</guid>
		<description><![CDATA[This week we are seeing signs  that some of the froth in commodities may finally be coming out.   While we remain long term bulls of the overall commodity sector, we  feel at this time that many of the commodities are overbought or in  the case of energy, in a bubble.  That is not to say that some  markets, crude oil in particular, can’t keep going higher.  But  we expect the overall CRB index to at least begin to consolidate, if  not roll over.  Bottom line here is that it is time to be defensive  as the “easy trend following money” is likely to have passed.  
Crude Oil:
Crude oil closed last week  near the 145 level but opened this week and almost immediately fell  to test 140.  Five Dollar moves in crude oil used to be a massive  day but now it’s just an average day.  We still see signs that  we could spike above 150 before topping but we are getting very close  to a near term high if we are not already there.  Longs need to  lock in gains and protect paper profits now.  This is not the time  to be greedy.  We are exiting longs and in some cases even buying  puts this week.  
Natural Gas:
The break we warned about in  last weeks issue looks to be happening this week.  The August contract  would have to close below 12.50 to signify a break in trend so wait  for that before attempting to short.  This could just be another  dip to buy so those with a high degree of risk tolerance can look to  buy this dip with stop and reverse orders below 12.50.  
S&#38;P500:
This market is still trying  to hold support near the 1250 level.  While we may head fake below  that level a bit this week, but we still feel that buying this dip is  smarter than chasing it lower.  We are working stops from 1245  down to 1234 on longs that were taken between 1255-1275.  Our target  remains at 1325.  Again buying dips this year has been harder to  stomach, but it has still worked more times than not.  
Bonds:
Bonds have continued to rally  as stock investors run for cover.  We do feel that the short term  bounce in bonds is all but over and are now exiting the remaining long  112 and 113 calls we recommended two weeks ago.  At the same time  we are now looking to buy the September 115 puts.  We are buying  these puts with a trade weight of 50% of the position that was taken  on the long calls two weeks ago.  In other words if you went long  10 calls with us two weeks ago we suggest you exit them now if you haven’t  already, and then buy 5 Sept. (...)]]></description>
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		<item>
		<title>Weekly Outlook for Commodities</title>
		<link>http://www.forextradersdaily.com/2008/06/30/weekly-outlook-for-commodities-18/</link>
		<comments>http://www.forextradersdaily.com/2008/06/30/weekly-outlook-for-commodities-18/#comments</comments>
		<pubDate>Mon, 30 Jun 2008 16:03:54 +0000</pubDate>
		<dc:creator>Derek</dc:creator>
		
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		<description><![CDATA[The FOMC did nothing as expected.  Really not much they can do but sit by and watch the destruction happen and wonder why.  As if they were not the cause.  The reason we are in this mess is simple.  The devaluation of the Dollar is the culprit.  Never in the history of recorded time has devaluing a currency helped the long term prospects of the underlying economy and yet Bumbling Bernanke and company feel that they have the power to rewrite history.  Mr. (...)]]></description>
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