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FX Daily Report: May 21, 2013
By 
 - May 21, 2013

Market CommentaryThe Dollar Index (DX) is correcting after hitting intermediate resistance of 84.50; with common currency, the Cable and the Aussie testing respective supports, pullback was observed ...

 
EUR/USD Meets Resistance At 1.29
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 - May 21, 2013

In the last day or so, the Euro has finally shown some resilience as it has been able to rally and regain some lost ground moving back towards 1.29. Over the last week it has fallen considerably from ...

 
AUD/USD: RBA Meeting Minutes Suggest Narrower Scope For Cut
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 - May 21, 2013

In the latest meeting minutes, RBA members appeared to be much more dovish than before. The previous bullish bravado about China has gone into hiding, being replaced by cautious mentions of weakening ...

 
GBP/USD Edges Up As Markets Eye UK Inflation Figures
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 - May 21, 2013

The currency markets have started off the trading week with a whimper rather than a bang ,and GBP/USD has not been an exception to this trend. The pound lost over a cent on Friday, as the US dollar ...

 
USD/CAD: Strong US Dollar Continues To Test 1.03 Level
By 
 - May 21, 2013

USD/CAD remains at high levels, as the pair continues to flirt with the 1.03 line. In early North American trading, USD/CAD was trading in the high-1.02 range. The US dollar looked sharp on Friday, ...

 
Corrective Pullback And Pin Bar Signal: More Downside?
By 
 - May 21, 2013

AUDUSD – Aussie Forms Pin Bar At Pullback Level After selling off for 10 of the last 12 days, some profit taking / short covering was to be expected as you can see in the chart below. This corrective ...

 
Some Dollar Losses Still Due
By 
 - May 21, 2013

Most of yesterday was taken up in resolving my technical problems and organizing a more robust contingency plan. There are still a few things to be ironed out, but thankfully I’m back with a ...

 
EUR/USD Stabilizes, Recovering To C1.29
By 
 - May 21, 2013

EUR/USD Open 1.2893 High 1.2905 Low 1.2818 Close 1.2880On Monday, the EUR/USDincreased with 85 pips. The European currency appreciated from 1.2818 to 1.2905 yesterday, matching the positive money flow...

 
USD Majors Forecast: EUR/USD, GBP/USD, USD/JPY
By 
 - May 21, 2013

EURUSD The EUR/USD closed at 12885, which was above the open, and within the prior day's trading range. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was 10 pips from Precise ...

 
Emerging Markets Outlook: Disinflation And Slow Growth
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 - May 21, 2013

In the EM space, disinflation and slow growth remain major themes for most of the countries. Certainly, weaker Chinese readings have gotten the headlines but the malaise is spreading well beyond Asia....

 
USD/CAD Pulls Back From 1.0312
By 
 - May 21, 2013

The USD/CAD is pulling back from 1.0312, being contained by 1.0341 resistance. However, the fall is most likely a consolidation of the uptrend from 1.0013. One more rise to re-test 1.0341 resistance ...

 
Yen Rises On Amari's Comments
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 - May 21, 2013

Market Review - 20/05/2013 23:02GMTYen rises on Amari's commentsThe Japanese yen rose against the greenback on Monday after Japan Economy Minister Akira Amari said on Sunday that further losses in the...

 
Daily FX Analysis: GBP Data in Focus After Initial Correctional Moves
By 
 - May 20, 2013

Our initial correctional moves have provided some nice plays with the stochastics crossovers playing out well. Hopefully a few of you managed to capitalise on these; apart from that Monday was ...

 
Will Bernanke Undermine The USD?
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 - May 20, 2013

Euro Outlook And LevelsHow Bernanke Poses A Threat To The DollarAUD: Recovery Hinges On RBA MinutesNZD: Lifted By Stronger PMI ServicesCAD: Oil And Gold Prices RecoverGBP: All Eyes On InflationJPY: ...

 
EUR/USD: Next Target?
By 
 - May 20, 2013

Currently we are at 1.2852. We have had a small retracement at the S5 so we are looking for the continuation to the Day chart bottom at 1.2738 and then the 1.618 support at 1.2710. We are bearish. The...

 
Talking Forex: EUR/USD Settled In Minor Positive Territory
By 
 - May 20, 2013

EUR/USDThe pair settled in minor positive territory on Monday, driven by a weaker USD following a sharp sell-off by USD/JPY after Japan’s Amari said that the correction of the strong JPY is ...

 
The Number One Threat To A Continued Dollar Rally This Week
By 
 - May 20, 2013

Strap on your seatbelts because it is going to be another active and busy week in the foreign exchange market. If you’ve watching the price action of currencies over the past week, month, or ...