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Bespoke`s Commodity Snapshot (7/27/09)
Hickey and Walters (Bespoke) submit: Below we provide our trading range charts for ten major commodities. The green shading represents between 2 standard deviations above and below the commodity's 50-day moving average. Moves outside of the green zone are considered overbought or oversold. The only commodity currently overbought is copper. Oil, natural gas, gold, silver, and platinum are all right in the middle of their trading ranges. Corn and wheat have been tanking lately and are getting close to the bottom of their normal trading range. And coffee and orange juice are finally seeing some reversion to the mean after seeing some short-term divergence a couple of weeks ago.Complete Story »
Seeking Alpha

Trade Idea: EUR/USD - Sell at 1.4325
Although the single currency resumed recent upmove to an intra-day high of 1.4299, price has retreated on cross-trading but as long as 1.4172 minor support holds, a marginal rise to 1.4320/30 cannot be ruled out but recent high at 1.4339 is likely to hold on first attempt and bring correction...
Action Forex

BlackBerry Tour Is a Solid Device, But It Makes a Frustrating Trade-off
Available for both the Sprint and Verizon networks, the BlackBerry Tour does not break new smartphone ground. However, it packs many of the modern features and capabilities users have come to expect from a smartphone, and all the management and e-mail prowess mobile administrators expect from a BlackBerry. The device can be used internationally, but at the expense of Wi-Fi capabilities--a frustrating trade-off. - With the BlackBerry Tour 9630, Research in Motion breaks no new ground in terms of its core device software or end user usability; introduces no revolutionary or even particularly noteworthy new hardware features to the mobile device landscape; and does little to distinguish the look or feel of the ...
eWeek

Brent crude hits $71 as commodities extend gains
Commodity markets made a strong start to trading on Monday, extending last week's gains with European crude prices pushing beyond the $70-a-barrel mark while base metals staged a broad advance, led by copper
FT

Trade Idea: USD/JPY - Sell at 95.85
The greenback finally resumed recent upmove and the rise from 91.73 low should extend to 95.70 (approx. 50% projection of 93.09 to 95.30 measuring from 94.60), however, as hourly oscillators should prevent sharp move beyond 96.00 and bring a retreat later. On the downside, break of 94.60 support would indicate...
Action Forex

Currencies: Dollar stays down after new-home sales jump
The dollar edges lower versus most major currencies in range-bound trade, after data shows new home sales in the U.S. rises more than expected last month.
Market Watch

Forex Strategy Outlook: US Dollar Range Critical to Trading Bias
Forex trading markets have threatened to break the US Dollar from its long-standing trading range against the Euro, but an overall downtrend in forex options...
Daily FX

Forex Trading Opportunities and Drawbacks
The FX market offers a number of merits for its players. For instance, the leverage offered its players allows them to make huge profits even with small deposits. The leverages begin from a minimum of 100:1 and could go as far as 500:1 depending on the broker. This is sometimes used to attract the potential investor, it is good. At the same time, it comes with some level of risk. If things go awry, high stake positions might lead to margin calls. But if well utilized with deep knowledge of the trade, leverages are a fail safe way to make profit in Forex trading.
E-Zine

UPDATE 3-Coal miner Alpha`s net plummets, shares tumble
* Stock down 6.5 percent in morning trading (Adds analyst comments, stock fall, byline)
Reuters

Sichuan Expressway soars on trading debut
Shares in the first company to list in Shanghai in almost a year more than trebled on its trading debut, triggering optimistic forecasts for other listings but also warnings of speculative heat in the Chinese market
FT

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