I was on CNBC Australia last night talking about the outlook for the forex market and how I am HOT on Commodity Currencies

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It is no secret that Canada owns one of the world’s largest oil reserves. There it is logical to assume that USD/CAD would be correlated to oil prices. We have shown the results of this study often and even showed a recent chart illustrating the correlation no FX30.com (Oil and USD/CAD chart).
However, [...]

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As I have previously promised, we are continuing to add new and exciting features to FX360.com
Here are two features that we launched today:
Trade Recommendations Tab (right side of homepage)
Don’t just believe us when we say that our Technical Analysts are good at picking trades. See for yourself. We have launched a tab for Trades [...]

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London markets are closed today for May Day while Japanese Markets are closed for Greenery Day.
The most recent IMM Commitment of Traders report shows that USD longs were cut back substantially. This suggests that traders are starting to turn dollar bearish which is in line with the recent improvements in risk appetite. [...]

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