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How We’re Up 770 Pips Despite A Range-bound FX Market

This week saw a continuation of the existing FX and stock market trends I’ve been alerting you to for the past several weeks. Those trends have been quite profitable for myself and Pattern Trader subscribers, as you can see here: We’re up 770 pips right now on a variety of…
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Gold, AUD and NZD Getting Ready to Drop Even More

I hope you had a great Easter weekend and enjoyed the holiday immensely. As for last week, the markets were largely contained within benign and small trading ranges as in prior weeks. It become so slow that USDJPY (the dollar against the Japanese yen) traded within a 40 pip range…
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What Do the Kiwi Dollar, Gold and Facebook Have in Common?

You probably won’t be too surprised to learn that the markets completed yet another week with unremarkable results. The US dollar saw another week of seesaw price action within the same choppy range that’s contained its price action since the beginning of the year. The U.S. Dollar Index (USDI) ……
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Where NZD, Facebook, Alibaba, and Gold are Going Next

It’s impossible not to notice the current declining volatility and tight trading range FX market environment. While you might think this makes this report, there are still some promising trades on offer. I’m currently profitable on several of them and will tell you what I like right now. But first,…
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Why I’m Short Gold And Waiting For Dollar Strength

I’ll explain the full reasons why I’m short gold in just a moment. But it’s more than dollar strength, because right now the US Dollar Index (USDI) is still trading sideways. While I expect the dollar to get stronger later this year, it’s not doing so just yet. (If you’re…
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Who’s Winning the Dollar Tug of War?

The market continues to churn in a tight trading range overall. Some currencies such as the Japanese yen (JPY) are strengthening against the U.S. dollar (USD) while others such as the Australian dollar (AUD) are weakening. The dollar index itself is going nowhere fast as we see here: The U.S.…
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Is the NASDAQ Back? Plus How to Deal With Gold and Dollar Doldrums

With the exception of last week’s volatility in GBPUSD, trading in USD correlated pairs continues to be a no-win game of chance. That includes precious metals. However, there’s a potentially very interesting development in the NASDAQ to talk about, plus some selected FX trades worth trading if we’re patient (I’ll…
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GBP Turnabout Plus Other FX and Precious Metals Thoughts

It’s been a very interesting week for the British pound, especially when you consider how things looked last week. So I’ll cover everything GBP-related in just a moment. But first a big-picture view of the USDI (U.S. Dollar Index) to see where the dollar is right now. Despite a disappointing…

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