02.04.2015 - Commodities are going lower—here's my play: Trader
A strong dollar sent global commodity prices plunging in the past year. And one currency trader is setting himself up to profit from further declines. "We expect the uptrend in the U.S. dollar to continue," said TradingAnalysis.com founder Todd Gordon on Wednesday's "Trading Nation." The dollar has already surged more than 22 percent in the last 52 weeks. So, in order to play for further upside in the greenback, and downside in commodities, Gordon looked to the land Down Under: Australia. Specifically Gordon targeted, the FXA, the Australian dollar ETF, which is down more than 17 percent in the past 12 months...............................................Full Article: Source
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