Latest News
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Dollar Selloff Renews as FOMC Members Continue Talking
May 21st, 2013 -
Forex Analysis: EUR/USD Leaning towards Bearish Trend Resumption
May 21st, 2013 -
Daily Market Commentary – May 21, 2013
May 21st, 2013 -
Welcoming good news for sterling?
May 21st, 2013
Featured News
Dollar Selloff Renews as FOMC Members Continue Talking
USD Index: Corrective Pull-back To 83.30/83.50 Within Larger Uptrend (Elliott Wave Analysis)
EUR/USD Forecast May 20-24
Forex News»
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Dollar Selloff Renews as FOMC Members Continue TalkingThe second US session of the week sees a second session of US speakers and a second session of USD sell off. Is...on May 21, 2013 19:23
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Forex Analysis: EUR/USD Leaning towards Bearish Trend ResumptionMay 21, 2013 – EUR/USD (daily chart) has continued to lean towards a resumption of the entrenched bearish trend,...on May 21, 2013 13:02 -
Welcoming good news for sterling?GBP: The inflation data today will be a key focus, with PPI (producer prices) also released. We would agree...on May 21, 2013 11:11 -
EUR/USD May 21 – Steady as Market Keeps Eye on FedEUR/USD started the week with some modest gains, and the pair is steady as it trades in the high-1.28 range....on May 21, 2013 10:51
Opinions»
USD Index: Corrective Pull-back To 83.30/83.50 Within Larger Uptrend (Elliott Wave Analysis)
May 21, 2013 10:10-
USD/JPY: Trading the US Existing Home SalesThe US Existing Home Sales indicator is released monthly, and provides analysts with a snapshot of the health and...on May 21, 2013 09:58 -
GOLD Bearish Reversal in Progress, Could Hit 1300 – Elliott Wave AnalysisGOLD reversed nicely, in a perfectly lower manner from the $1490 area seen two weeks back to where the base channel...on May 20, 2013 10:59 -
USD/JPY Technical Update: No Pullback So Far – Where Next?Dollar/Yen is trading over 300-pips above the key psychological 100.00 round number area, after breaking above...on May 19, 2013 11:00
Majors»
GBP/USD Outlook – May 20-24
May 19, 2013 16:09-
USD/JPY Outlook May 20-24USD/JPY continued its surge higher and hit fresh highs. Without a pullback, can the pair continue higher? The rate...on May 19, 2013 12:30 -
EUR/USD Forecast May 20-24EUR/USD suffered a second week of significant falls after euro-zone figures disappointed and the dollar kept advancing....on May 18, 2013 15:00 -
Forex Weekly Outlook May 20-24The US dollar had another impressive week, making significant gains against many currencies. A rate decision in...on May 17, 2013 15:21
Minors»
AUD/USD Forecast May 20-24
May 19, 2013 14:06-
USD/CAD Outlook May 20-24USD/CAD posted strong gains at the end of the week, as the pair rose about 160 points last week. There are...on May 19, 2013 11:50 -
AUD/USD Forecast May 13-17The Australian dollar took a tumble, losing close to three cents against the US dollar this week. The pair dipped...on May 12, 2013 12:01 -
USD/CAD Outlook May 13-17USD/CAD was already very close to the parity line, but retreated on the dollar storm. Manufacturing Sales and inflation...on May 12, 2013 11:22
Basics & Industry»
Russian Spring: Insight into the Latest FX Regulation Developments in the Country
May 16, 2013 16:20-
Trading Performance being Hit by Lack of Server Knowledge“A 5 millisecond server delay could cost a firm as much as 4 million USD every millisecond” Technology has...on May 15, 2013 18:56 -
iFXEXPO: FXstreet.com to be a media sponsorFXstreet, one of the largest forex portals, will be a media partner of the iFXEXPO International in Cyprus at the...on May 9, 2013 15:25 -
Trader of the Year 2013 Contest – Registration is OpenThe 6th edition of FXstreet’s Trader or the Year contest is now open for registration. Registration closes...on May 7, 2013 09:53
Recent Articles
Dollar Selloff Renews as FOMC Members Continue Talking
The second US session of the week sees a second session of US speakers and a second session of USD sell off. Is the market smelling a dovish talk from Bernanke? Or is it an opportunity to buy the greenback? After correcting the previous Evans-generated sell-off, the dollar began retreating towards the speech of the
Forex Analysis: EUR/USD Leaning towards Bearish Trend Resumption
May 21, 2013 – EUR/USD (daily chart) has continued to lean towards a resumption of the entrenched bearish trend, even after having hit and respected major support around 1.2800 late last week. The breakdown below the 1.3000 area about a week-and-a-half ago was pivotal in setting the stage for a resumption of the current downtrend.
Welcoming good news for sterling?
GBP: The inflation data today will be a key focus, with PPI (producer prices) also released. We would agree with the market view that CPI inflation should moderate from 2.8% to 2.6%. If seen, this would be the first fall in headline inflation for 7 months. For now, it’s unlikely that sterling will be badly
EUR/USD May 21 – Steady as Market Keeps Eye on Fed
EUR/USD started the week with some modest gains, and the pair is steady as it trades in the high-1.28 range. Today’s only Eurozone release is German PPI, which missed the estimate, as weak German numbers continue to raise concerns. In the US, there are no fundamental releases, but the markets will get a chance to hear Treasury Secretary
British inflation slides – GBP/USD Gaps Lower
Annual CPI fell to 2.4%. It was expected to drop from 2.8% to 2.6%. Monthly CPI rose by 0.2% instead of 0.4%. The Retail Price Index (RPI) slid to 2.9%, below the 1-3% belt. It was predicted to slide from 3.3% to 3.1%. Monthly RPI rose by 0.3%, lower than 0.5% expected. Core CPI should
USD Index: Corrective Pull-back To 83.30/83.50 Within Larger Uptrend (Elliott Wave Analysis)
The US Dollar index is trading lower from recent highs, and this now appears to be the start of a deeper corrective retracement. We are tracking a wave 4) pull-back now as we can already count a completed five sub-waves in red wave 3). As such, the current bearish waves are only temporary and should
USD/JPY: Trading the US Existing Home Sales
The US Existing Home Sales indicator is released monthly, and provides analysts with a snapshot of the health and direction of the housing sector. A higher reading than the market prediction is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Wednesday at 14:00 GMT. Indicator Background
Forex Daily Outlook May 21 2013
CPI in the UK and PPI in Europe are the main events lined up. Let’s see what awaits us today. In the US, Jack Lew, US Treasury Secretary, is due to testify in Washington DC. Later in the US, James Bullard, Federal Reserve Bank of St. Louis President, is due to deliver a speech in Frankfurt. Finally
Fed dove doesn’t turn hawkish – EUR/USD above resistance, AUD/USD above 0.98
The dollar extended its slide across the board as FOMC member Charles Evans made relatively carefully statements, and didn’t make any hints about QE tapering. Has the dollar rally ended or is it just a healthy correction before the next surge? What Evans said Chicago Federal Reserve President Charles Evans did provide some optimism. He
End of Gold’s Dead Cat Bounce
May 20, 2013 – Gold (daily chart) has approached an end to its “dead cat bounce” that brought the precious metal up to an early May high of 1488, which was also right at the 61.8% Fibonacci retracement of the prior plunge. A dead cat bounce is a financial market term which is simply a