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FOMC outlook: Today at 2:15 the fed will announce its decision to cut rates. The majority of the analysts believe The Fed will cut a half a basis point bringing the rate to a level it has not seen since May of 2005. If the Fed cuts rates by half a point I believe we…
DetailsTRADE CALL RECAP For my last live trade call, we were watching the US Durable Goods Orders report that was released this morning. I mentioned in the Live Trade Room that our accounts were not going to trade this release as we have seen very small moves on this release over the last several months.…
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This week, we have the FOMC meeting to contend with but on the commodities front we feel that there are other even more important things to mention. The traditional measure of the how the Commodities markets are doing as a whole has been the CRB index. This index has undergone a number of changes in recent years but the bottom line is no matter how you measure it, commodities as a whole are at all time highs. And I mean all time not just life of contract highs, but real all time highs in the history of recorded time in many cases.
CANADIAN CPI PROVIDES UP TO 60 PIPS OF PROFIT FOR TRADERS The last trade call I sent out covered the Canadian CPI report last Friday. For the CPI report, we were looking to long the USD/CAD and EUR/CAD if the report came out at least 0.2% worse than expected. The actual number came out with a…
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