Forex news for US trading July 17, 2015:

The US dollar got a bit of momentum from housing starts and that was all it took to send the gold crashing to 2010 lows. Truth be told, it wasn't the cleanest break, with prices falling only 10-cents below the Nov 2014 low so there's an argument for caution after four weeks of declines.

EUR/USD had been higher in European trading but US traders didn't need much of an excuse to sell for the third consecutive day. Stops were hit below 1.0870 then bids at 1.0840 held for a period until some very late selling down to 1.0828.

Cable did what it does best lately: suck everyone in with a slide and the rip right back. Buying the dips in the pound has been a heck-of-a-trade. The trip today was a slide below yesterday's low of 1.5560 and then a quick pop to 1.5640.

USD/CAD finished a handful of pips higher after some very late selling to 1.2970. Still, it was a good day for bulls to overcome any serious profit taking into the weekend. The pair also cracked the 1.30 barrier, touching 1.3008.

The Australian dollar gave back most of Thursday's gains and the weekly close was the lowest since 2009, same story in kiwi.

Have a great weekend and post your best trade ideas for next week.

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