USD Trading Outlook (29-07-2013)
The AUD/USD had a reasonably quiet day on Friday, trading in a tight 60 pip range. Commodity markets had an eventful day with copper falling heavily on inventory reports out of China and Gold prices staying volatile around a mid-price of $1325. There is nothing of major importance on today’s economic calendar so we will again depend on positional adjustments for a lead. USD/JPY was the big mover on Friday, as longs pared their positions ahead of the traditional August holidays, so look there for intraday trade opportunities.
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