Latest News
-
AUD/USD Loses 0.97 on Bernanke’s Subtle Tapering Hint
May 22nd, 2013 -
Bernanke Mentions Option of Tapering – EUR/USD Falls, USD/JPY Leaps
May 22nd, 2013 -
Bernanke Doesn’t Offer Tapering – Dollar Ticks Lower – Until He Mentions Tapering
May 22nd, 2013 -
US Existing Home Sales 4.97 within expectations
May 22nd, 2013
Featured News
AUD/USD Loses 0.97 on Bernanke’s Subtle Tapering Hint
USDCHF: Sideways Within Uptrend; Be Aware Of a Break Higher
EUR/USD Forecast May 20-24
Forex News»
-
AUD/USD Loses 0.97 on Bernanke’s Subtle Tapering HintThe Australian dollar enjoyed few days of consolidation, but this is over now. AUD/USD is falling under the round...on May 22, 2013 16:57
-
Bernanke Mentions Option of Tapering – EUR/USD Falls, USD/JPY LeapsWhen asked about an exit strategy, Ben Bernanke did release a comment that was certainly enough for dollar bulls. After...on May 22, 2013 16:33 -
Bernanke Doesn’t Offer Tapering – Dollar Ticks Lower – Until He Mentions TaperingBen Bernanke is now appearing in front of the Joint Economic Committee in Washington. In the prepared statement,...on May 22, 2013 16:03 -
US Existing Home Sales 4.97 within expectationsThe annual level of US existing homes sales was expected to rise to 4.99 million. This is a rise of 0.6% from a...on May 22, 2013 16:00
Opinions»
USDCHF: Sideways Within Uptrend; Be Aware Of a Break Higher
May 22, 2013 10:53-
GBP/USD: Trading the British Secondary GDPBritish GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important...on May 22, 2013 10:45 -
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...on 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
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
AUD/USD Loses 0.97 on Bernanke’s Subtle Tapering Hint
The Australian dollar enjoyed few days of consolidation, but this is over now. AUD/USD is falling under the round level of 0.97 and the next support line is not too far. The recent fall can easily be attributed to Ben Bernanke’s testimony in Washington. In his prepared statement, the Chairman of the US Federal Reserve
Bernanke Mentions Option of Tapering – EUR/USD Falls, USD/JPY Leaps
When asked about an exit strategy, Ben Bernanke did release a comment that was certainly enough for dollar bulls. After an initial slide, the dollar is now marching forward. Bernanke said that the Federal Reserve could scale down QE “within the next few meetings”. Of course, Bernanke did condition this on an improvement in the
Bernanke Doesn’t Offer Tapering – Dollar Ticks Lower – Until He Mentions Tapering
Ben Bernanke is now appearing in front of the Joint Economic Committee in Washington. In the prepared statement, Bernanke said that monetary is providing significant benefits and that headwinds facting the economy have begun to dissipate. The Fed is not in a rush to taper off QE. Bond buying will likely continue at full steam. The big
US Existing Home Sales 4.97 within expectations
The annual level of US existing homes sales was expected to rise to 4.99 million. This is a rise of 0.6% from a revised figure of 4.94 million last month. The original report stood on 4.92 million. All in all – no big changes. EUR/USD extends its gains after the publication and breaks above 1.2960.
EUR/USD Most Vulnerable Pair Ahead of Bernanke, FOMC Minutes
Most currencies have fallen against the dollar towards the testimony of Ben Bernanke in Washington and the release of the recent FOMC meeting minutes. Some had good reasons to fall and some didn’t have specific ones. The euro stood out by rising ahead of the Fed-fest, but it certainly has no reasons to rise. Will
EUR/USD May 22 – Moving Higher as Fed in Spotlight
After a very quiet start to the week, the markets will be busy on Wednesday. The US Federal Reserve will also be front page and center, as the Fed releases the FOMC minutes and Bernard Bernanke testifies in front of a Congressional committee. After sustaining sharp losses, EUR/USD has posted a modest rally this week, gaining about one cent since
Market is short ahead of Bernanke
As expected, the Bank of Japan left policy unchanged. Voting unanimously, the Japanese central bank maintained their pledge to increase the monetary base at an annual pace of JPY 60 to 70 trillion. The main interest rate was kept unchanged at 0-0.1%. At the meeting, a member of the BOJ proposed changing the 2% inflation
USDCHF: Sideways Within Uptrend; Be Aware Of a Break Higher
USD/CHF is trading in a slow, choppy and sideways manner during the last few days. This is a personality of a corrective price action. Therefore, we think that Dollar/Swiss is trapped in a wave four position, which could be forming a triangle in the 0.9580-0.9760 range. If that’s the case then the pair will stay
GBP/USD: Trading the British Secondary GDP
British GDP is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. Thus, publication of British Secondary GDP could have a significant impact on the movement of GBP/USD. A reading which is better than the market forecast is bullish for the pound, especially
GBP/USD Extends Falls on Weak Retail Sales – Loses 1.51
Retail sales free fell by 1.2%, a very disappointing outcome. They were expected to remain flat in April after dropping by 0.7% in March. Year over year, retail sales rose by only 0.5%, much worse than 2% expected. The MPC vote 6:3 against QE last time, with outgoing governor Mervyn King remaining in opposition. No change