From the floor of the CME Group, Alan Knuckman of Trading Advantage, joins The Street’s Jill Malandrino to review levels and trades to watch gold and multiple currencies. While gold had a tough year in 2013, Knuckman believes it may have found support, or at least the short selling has abated. He gives a strategy in FAX, the Australian dollar ETF, and FXC, the Canadian dollar ETF. Both represent an attractive risk/reward profile. The trades are out to September which allows traders plenty of time for the thesis to play out.
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