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Date Posted: 00:49:14 09/27/12 Thu
Author: Charisse Bartoli
Subject: Commodity currencies lead relief rally

This morning, commodities and commodity related currencies are leading the relief rally as the pressure eases over night. The biggest winner has been the main risk on/ risk off barometer, the AUD/JPY which is up by 0.42%, with the AUD/USD up by 0.41%. The NZD/USD is not far behind, up 0.29%. Gold is up by 0.16% as the dollar index falters.

We start the day today with German unemployment change at 08.55, with a small increase expected. UK current account follows at 09.30, with a drop to 12.3bn expected. Final GDP is released at the same time and expected to come in at -0.5%. At 13.30, we have a raft of European data points including core durable goods and unemployment claims. Pending new home sales are released at 15.00. The USD/JPY's down trend could be running out of steam, which might be a good opportunity to play the rebound.


A good way to play this on BetOnMarkets.com might be a HIGHER trade on the USD/JPY predicting that the pair will close above 78.00 in 5 days time could return 206% if successful.


Get this trade now, go to: http://goo.gl/sWki9


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