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Tuesday, June 5, 2012

My next global strategy webinar will be held on Wednesday, June 6 at 12:00 noon EST. I’ll be giving you my updated outlook on stocks, bonds, commodities, currencies, precious metal, and real estate. The goal is to find the cheapest assets in the world to buy, the most expensive to sell short, and the appropriate securities with which to take…

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It’s another sign of the times when the weekend fruit picker population is doubled by people hard hit by the economy, looking to save money on food costs.
After driving through miles of undulating brown hills studded with oak trees, passing mile upon mile of horse ranches, rusted out cars, and abandoned mobile homes, you come to bucolic Brentwood, the…

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USD_Index_Presses_Key_Fibonacci_Resistance-_Traders_Look_to_ECB_body_Picture_4.png, USD Index Presses Key Fibonacci Resistance- Traders Look to ECB
USD_Index_Presses_Key_Fibonacci_Resistance-_Traders_Look_to_ECB_body_Picture_3.png, USD Index Presses Key Fibonacci Resistance- Traders Look to ECB
The greenback is firmer at the close of North American trade with the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) advancing 0.20% on the session after moving a full 103% of its daily average true range. The gains come despite strength in equity markets with Dow snapping a four day losing streak amid thin-volume after a stronger-than-expected service sector report …

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While the Iraqi Dinar has become a currency-du-jour of sorts, with many so-called experts claiming that it is a smart investment option for foreign exchange traders, the current underlying fundamentals of Iraq and the Middle East on the whole make it an unappealing trading opportunity for the time being and years to come.
Primarily, there is no market for the …

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Index Last High Low Daily Change (%) Daily Range (% of ATR)
DJ-FXCM Dollar Index 10247.41 10253.64 10200.72 0.21 94.81%

USD_Correction_On_the_Horizon_JPY_Struggles_On_G7_Commitment_body_ScreenShot043.png, USD Correction On the Horizon, JPY Struggles On G7 Commitment
The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.15 higher from the open after moving 95 percent of its average true range, and the headline-driven market may continue to prop up the greenback as it benefits from safe-haven flows. …

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Fundamental Headlines
- Greece Eyes Outcomes from Euro to Parallel Currency – Bloomberg
- JPMorgan Faces $4.2 Billion Trading Loss – Bloomberg
- Spain says Markets Shutting it Out, Seeks EU Help for Banks – Reuters
- Germany Pushes EU Bank Oversight – WSJ
- MF Global Autopsy Flags Risks by Corzine – WSJ
Asian/European Session Summary
Trading was more …

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Talking Points

Euro: Spain Struggles To Tap Markets Ahead Of Auction, ECB In Focus
British Pound: Remains Oversold, Capped By 10-Day SMA
Canadian Dollar: BoC Keeps Rate At 1.00%, Sees Risk Of Undershooting Inflation
U.S. Dollar: Remains Overbought, ISM Services Tops Forecast

Euro: Spain Struggles To Tap Markets Ahead Of Auction, ECB In Focus
The Euro tumbled to an overnight …

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Nilus Mattive

Back when my daughter was born in June of 2007, I used the occasion to talk about the simple investment strategy known as dollar-cost averaging.
And just about every year since then, I’ve used this column to update you on how a hypothetical investor would be faring by using the approach.
As hard as it is for me to believe,

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Talking Points

Crude Oil, Copper Hurt by Eurozone Data But May Bounce with ISM Result
Gold and Silver May Rise if Another Soft US Data Point Boosts QE3 Outlook

Commodity prices are under pressure in European trade as broadly soft economic data out of the Eurozone reminded investors that aside from sovereign risk and structural concerns (at least as it …

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Talking Points

Euro May Find Near-Term Pressure in Final Round of PMI Revisions
US Dollar Sold as Stocks Rise on Fed Stimulus Hopes in Asian Trade
Aussie Dollar Gains as RBA Delivers Relatively Modest 25bps Rate Cut
S&P 500 Index Futures Point to Continued Recovery in Risk Appetite

Final revisions of May’s services and composite Eurozone PMI data are in …

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Dollar’s Failure to Capitalize on S&P 500’s Tumble Concerning
Euro Rebound Gains Momentum, Though Tangible Support Lacking
Australian Dollar Traders Ready for the RBA Rate Decision
Canadian Dollar: Will the Bank of Canada Rate Decision Move the Market?
British Pound Steadying but Not Participating in Risk Rebound
Japanese Yen: Intervention or Not, The Yen is Proving an Epic Battle
Gold …

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