Trading Opportunity Tonight

AUD News Data

There is an opportunity to trade tonight when the AUD GDP Report is released at 7:30pm EST.  Your focus should be on the AUD GDP (QoQ) figure, which is expected to be 0.6%.  We have placed a safe trigger of 0.4% for this release.  We have historically seen moves of 25-40 pips when this release…

Weekly outlook for Commodities

FX Trading

General Comments: Commodities continue to grab headlines, not only in financial news but now also in main stream media.  This is a clear sign that commodities as a whole are at or very near a short term top.  We are still using these rallies to exit the few long positions we still have on.  We…