Merrill Lynch, in a report released this week mentions that they expect CAD to outperform in the region, as well as AUD and NZD.  They expect light depreciation against the USD throughout 2010 and appreciation against the EUR.  They cite favorable macro’s for the CAD along with an improving US trade outlook.  They believe the AUD will be driven by commodity prices and a slowing rates cycle.  NZD is their least favored because it is correlated to global equities, but it has a relatively weaker growth prospect. Overall they expect USD strength.  They mention EURO frailty and over-valuation. Disclaimer:  Trading
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I am long GBUPSD at 1.5175 with a target of 1.5228 and a catastrophic stop at 1.5025.  I will be tweeting updates on this trade.   Disclaimer:  Trading in the off-exchange Foreign Exchange market (FX, Forex) is very speculative in nature, involves considerable risk and is not appropriate for all investors. Therefore, before deciding to participate in off-exchange Foreign Exchange trading, you should carefully consider your investment objectives, level of experience and risk appetite. Investors should only use risk capital when trading forex because there is always the risk of substantial loss. Most importantly, do not invest money you cannot
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I am currenty in this long trade taken at 83.30 in AUDJPY based on the fact that price has broken and held above the resistance point at 82.79 and has also broken through the second resistance point at 83.30.  I entered the trade on a retrace back to 83.30, and I am watching it on the hourly time frame.  It has been my experience that price tends to continue to the 1.38% fibonacci extension in these cases.  My first target is the closest extension at 84.08 and my second target is the 84.55 extension.  This is a small position with
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