Latest News
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US Jobless Claims: 340K, Continuing Claims Under 3 Million, Dollar Higher
May 23rd, 2013 -
Forex Analysis: GBP/USD Stalls Plunge near 1.5000 Support Target
May 23rd, 2013 -
EUR/USD May 23 – Volatility Continues after Beranke Remarks
May 23rd, 2013 -
EURUSD: Downtrend Continuation to 1.2700-Elliott Wave
May 23rd, 2013
Featured News
US Jobless Claims: 340K, Continuing Claims Under 3 Million, Dollar Higher
EURUSD: Downtrend Continuation to 1.2700-Elliott Wave
EUR/USD Forecast May 20-24
Forex News»
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US Jobless Claims: 340K, Continuing Claims Under 3 Million, Dollar HigherUS weekly jobless claims dropped from 363K (360K originally reported) down to 340K. They were expected to slide...on May 23, 2013 14:30
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Forex Analysis: GBP/USD Stalls Plunge near 1.5000 Support TargetMay 23, 2013 – GBP/USD (daily chart) has stalled in its dramatic plunge of the past two weeks just above its...on May 23, 2013 13:13 -
EUR/USD May 23 – Volatility Continues after Beranke RemarksThis week started slowly, but that changed dramatically on Wednesday, as the euro went on a wild ride following remarks...on May 23, 2013 11:22 -
British GDP Growth Remains 0.3% in Q1 2013, Business Investment FallsThe UK confirmed the 0.3% growth rate in Q1 2013, as expected.It was a positive surprise at the time. However,...on May 23, 2013 10:31
Opinions»
EURUSD: Downtrend Continuation to 1.2700-Elliott Wave
May 23, 2013 10:46-
EUR/USD: Trading the German Ifo Business Climate IndexThe German Ifo Business Climate is a monthly composite index of about 7,000 businesses, which are surveyed about...on May 23, 2013 09:37 -
Abenomics will accelerate Japan’s descent into financial crisisJapanese finance minister Akira Amari sounded warnings this week that the dramatic fall of JPY had gone far enough,...on May 22, 2013 19:09 -
USDCHF: Sideways Within Uptrend; Be Aware Of a Break HigherUSD/CHF is trading in a slow, choppy and sideways manner during the last few days. This is a personality of a corrective...on May 22, 2013 10:53
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
US Jobless Claims: 340K, Continuing Claims Under 3 Million, Dollar Higher
US weekly jobless claims dropped from 363K (360K originally reported) down to 340K. They were expected to slide back to 347K. So, this is a bit better than expected, and result enables the US dollar to tick higher. USD/JPY was trading around 101.50 after a crazy crash, and it now trades higher, around 101.70. EUR/USD
Forex Analysis: GBP/USD Stalls Plunge near 1.5000 Support Target
May 23, 2013 – GBP/USD (daily chart) has stalled in its dramatic plunge of the past two weeks just above its key downside support target at the 1.5000 figure. In the process, the pair has established a new two-month low. This drop to key support began in early May after price rose to the 1.5600
EUR/USD May 23 – Volatility Continues after Beranke Remarks
This week started slowly, but that changed dramatically on Wednesday, as the euro went on a wild ride following remarks by Federal Reserve Chair Bernard Bernanke before a Congressional Committee. The euro tested the 1.2998, but then fell hard, closing the day at 1.2842. Almost forgotten in the excitement was US Existing Home Sales, which fell below expectations. There are
EURUSD: Downtrend Continuation to 1.2700-Elliott Wave
EURUSD made a three wave rally this week. This move has been expected in wave 4, but now the pair is already turning lower again after having completed a zig-zag at the 1.3000 psychological level. We can see that the price broke through the lower side of a corrective channel which is a very important
British GDP Growth Remains 0.3% in Q1 2013, Business Investment Falls
The UK confirmed the 0.3% growth rate in Q1 2013, as expected.It was a positive surprise at the time. However, the initial read for business investment in Q1 2013 disappointed by dropping by 0.4%, significantly worse than a rise of 1.7% that was expected. GBP/USD managed to escape the 1.50 level and bounce from 1.5015
About turn
GBP: The GDP revisions today will be watched for potential revisions, but risks are small in our view. Update: GDP confirmed at +0.3% in the second estimate. USD: The weekly claims data has been more volatile of late and the dollar has proven to be more sensitive to the data as a result. Market looks
EUR/USD: Trading the German Ifo Business Climate Index
The German Ifo Business Climate is a monthly composite index of about 7,000 businesses, which are surveyed about current business conditions and their expectations concerning economic performance over the next six months. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Friday at 8:00 GMT. Indicator Background The German Ifo Business
Forex Daily Outlook May 23 2013
New Home Sales in the US and Second Estimate GDP in the UK are the major market-movers. Let see what awaits us today. In the US, Unemployment Claims, value the unemployed that filed for insurance for the first, 347K is due from 360K on the past week. Later in the US, New Home Sales, value
USD/JPY Crashes with Japanese Stock Market
After breaking to new multi-year highs on the testimony of Ben Bernanke, USD/JPY is crashing all the way towards 102 as the Nikkei makes a violent correction, falling around 6% at the time of writing. The strong correlation between yen weakness and Japanese stocks continues, and now it turns against USD/JPY. Update: the Nikkei closes
AUD/USD Extends Falls on Weak Chinese Data
There is no respite for the Australian dollar. After it already lost the 0.97 line on Bernanke’s testimony, it followed by extending its falls as the HSBC/Markit Manufacturing PMI dropped into contraction territory AUD/USD fell as low as 0.9625 before bouncing. On the way, it broke support at 0.96. The pair is now approaching the