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  AUD/USD Play...
  The AUD/USD has a nice setup that should hit during this next session. We are using Fib. to pulls these pips...
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  Day Trading Chart of the Day: AUD/U...
  The Australian Dollar vs the US Dollar pair is at a criticial level in relationship to the larger trends and trading going into the extended American Holiday could provide some insight as to near term market direction. In today's video we analyze the potential reaction from sellers as we retrace into highs on the pair. For more information on this chart and others like it please visit www.pillartrading.com.
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  Day Trading Chart of the Day: AUD/U...
  The Aussie is currently stuck in the exact same range as last week. Playing both sides has produced quality results so far and right now there doesn't appear to be any breakout signs. If the bulls hold the next set up then we can expect weakness going up into the Daily short level. So many orders have already been committed there and it would be hard to foresee that level holding. That being said there has been no technical breakdown so all we can do for now is prepare for the worst case scenario. For more information on this chart and others please visit us at our website.

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  UN Calls for the Creation of Global...
  (Bloomberg) -- The dollars role in international trade should be reduced by establishing a new currency to protect emerging markets from the confidence game of financial speculation, the United Nations said. UN countries should agree on the creation of a global reserve bank to issue the currency and to monitor the national exchange rates of its members, the Geneva-based UN Conference on Trade and Development said www.bloomberg.com *********************************************************** The following is a summary of the main economic events from the Asia-Pacific and European sessions: *UN Trade and Development Agency proposes setting-up a new world reserve currency based on a basket of global FX mediums. *Former Feds Greenspan tells audience in Mumbai, India, that US banks need to hold higher capital ratios than they do currently to offset any future crises. *Gold breaks above the $1000-per-ounce mark for the first time since late February 2009. *Chinese Finance Ministry says it will sell CNY 6.0 billion in government bonds; they will be issued in Hong Kong on September 28. *PBOC Vice Governor Su tells audience at a finance conference that the central bank will continue providing appropriately loose monetary policy. *UK Chancellor Darling tells audience in Cardiff, Wales, that while the government will not back away from cutting public spending, it will properly signal the move to market agents. *Expansion interview: ECBs Gonzalez-Paramo says markets could be <b>...</b>