Good Day,

I have witnessed a little volatility in S&amp;P futures earlier but it bounced back. A bit of news on the books today that can influence matters, so we need to be conscious of this when / if placing trades.

Below I have taken a quick look at the commodity cross-rates for potential set-ups. There are a couple that have caught my eye and I will tweet the set-ups if I decided to take them. You may have different RISK PARAMETERS than me and they may already be live trades for you already. Good luck should that be the case.

<span style="text-decoration: underline;"><strong>EUR/AUD:</strong></span>

Not my type of trade set-up yet but may be we are bottoming now. Personally, I want to see RISK OFF before trading this pair.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/EURAUD-240M-17072014.png"><img class="aligncenter size-large wp-image-4094" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/EURAUD-240M-17072014-1024x504.png" alt="EURAUD 240M 17072014" width="1024" height="504" /></a>

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<span style="text-decoration: underline;"><strong>EUR/CAD:</strong></span>

This pair interests me.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/EURCAD-240M-17072014.png"><img class="aligncenter size-large wp-image-4095" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/EURCAD-240M-17072014-1024x504.png" alt="EURCAD 240M 17072014" width="1024" height="504" /></a>

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<span style="text-decoration: underline;"><strong>EUR/NZD:</strong></span>

I am not yet into this pair as abrade. But if you want to take on a little risk maybe long at 1.5500 with stops below 1.5400?

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/EURNZD-WEEKLY-17072014.png"><img class="aligncenter size-large wp-image-4096" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/EURNZD-WEEKLY-17072014-1024x504.png" alt="EURNZD WEEKLY 17072014" width="1024" height="504" /></a>

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<span style="text-decoration: underline;"><strong>GBP/AUD:</strong></span>

Long at 1.8200 or 1.8170  looks good to me.

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/GBPAUD-240M-17072014.png"><img class="aligncenter size-large wp-image-4097" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/GBPAUD-240M-17072014-1024x504.png" alt="GBPAUD 240M 17072014" width="1024" height="504" /></a>

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<span style="text-decoration: underline;"><strong>GBP/CAD:</strong></span>

I am 100% on this trade yet, but 1.8300 is the support area to go long. A great deal to me with all GBP cross-rates is to see the cable aim for 1.7200 again.

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<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/GBPCAD-240M-17-72014.png"><img class="aligncenter size-large wp-image-4098" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/GBPCAD-240M-17-72014-1024x504.png" alt="GBPCAD 240M 17-72014" width="1024" height="504" /></a>

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<span style="text-decoration: underline;"><strong>GBP/NZD:</strong></span>

I am currently long this pair. If you are not yet long, an entry at 1.9650 could offer a great entry point. Remember, this pair moves swiftly. This week so far over 500 pips. It has monthly ATR of around 800 pips.

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/GBPNZD-240M-17072014.png"><img class="aligncenter size-large wp-image-4099" src="https://weeklyfxdrivethru.com/wp-content/uploads/2014/07/GBPNZD-240M-17072014-1024x504.png" alt="GBPNZD 240M 17072014" width="1024" height="504" /></a>

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As requested by Svetlana  earlier today below i list bout the current positions with the LIVE TRADES in play at the moment.

RT110
AUD/NZD
Long at 1.0824
Stop at 1.0617
Limit at 1.1350
PRESENT POSITION 1.0789  = -35pips

RT118
NZD/USD
Short from 0.8670
Stop Loss at 0.8925
Limit 0.8000
PRESENT POSITION 0.8689 = -19pips

FT160
EUR/USD
Short at 1.3570
Stop at 1.3650
Limit 1.3210
PRESENT POSITION 1.3527 = +43pips

FT161
EUR/GBP
Short at 0.7914
Stop at 0.7950
Limit 0.7600
PRESENT POSITION 0.7910 = +4pips

FT162
USD/CAD
Long at 1.0775
Stop at 1.0700
Limit 1.0875
PRESENT POSITION 1.0746 = -29pips

FUN14
GBP/NZD
Long at 1.9800
Stop at 1.9000
Limit 2.2350
PRESENT POSITION 1.9677 = -123pips

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I hope this data today is of use.

If I set up trades I will tweet them out...

Take care trading today there is lots of data on the table today in the North american session....

Scott.

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