Daily Report Wednesday 17th June 2009

Summary: S&P 500 retesting it's 200 DMA, and some FX/metals markets offering interesting patterns that will hopefully play off of this.

Open positions: Long Gold and short USD/JPY (although this is approaching an important inflection point).

Possible set-ups for tomorrow: Short USD/CAD, long Silver, long AUD/USD. This would be a very dollar bearish set of positions, so looking to reduce the exposure by only trading small.

Here are the charts of stuff I am watching:

Gold:


USD/JPY:


Silver:


GBP/USD:


USD/CAD:


AUD/USD: