A wise trader carefully plans his trades, and often makes an extra effort and “stalks” the perfect entry. Too often, when the time to enter the trade arrives, the tables turn and the opportunity isn’t there anymore. Staying wise means moving away from the Trade button and waiting for another chance – not hitting it…

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Talking Points Euro: Spanish Banks Face Rating Downgrades, RSI Still In Oversold Territory British Pound: U.K. Sticks To Austerity, Prepares Contingency Plan For Greek Exit U.S. Dollar: Index Hits Fresh Yearly High, RSI Maintains Upward Trend Euro: Spanish Banks Face Rating Downgrades, RSI Still In Oversold Territory The Euro slipped to a fresh monthly low…

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Fundamental Headlines – Jobless Claims in US were Unchanged at 370,000 Last Week – Bloomberg – Several on FOMC said Easing May Be Needed on Faltering – Bloomberg – Spain Beset by Bank Crisis, Recession, Bond Pressure – Reuters – China Overtakes India as Top Gold Consumer – WSJ – Greece Swears in Caretaker Government…

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Although the Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.24 percent lower from the open, we’re maintaining our bullish outlook for the greenback as it maintains the upward trending channel from earlier this month. As the 30-minute relative strength index holds above oversold territory, we should see the index consolidate going into the end…

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Gold and silver tumbled down again during yesterday along with other commodities prices. The new elections in Greece will be held on June 17. In the meantime the ECB temporarily stopped lending to several Greek banks. Did the minutes of the recent FOMC meeting suggest another QE program on the way? I don’t think so,…

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