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Forex Weekly Outlook May 27-31
May 24th, 2013 -
EUR/USD May 24 – German Strength Enough for Double Top
May 24th, 2013 -
Durable Goods Orders Exceed Expectations – Market Getting Ready for Holiday
May 24th, 2013 -
Central bank actions shake up currency markets
May 24th, 2013
Featured News
EUR/USD May 24 – German Strength Enough for Double Top
Central bank actions shake up currency markets
EUR/USD Forecast May 20-24
Forex News»
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EUR/USD May 24 – German Strength Enough for Double TopEUR/USD received a boost from the better than expected German IFO Business Climate. This was enough to send the...on May 24, 2013 15:46
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Durable Goods Orders Exceed Expectations – Market Getting Ready for HolidayUS Durable goods for the month of April at 3.3%, more than double the consensus forecast of 1.5%. The key driver...on May 24, 2013 15:22 -
Forex Analysis: AUD/USD Declines to Major SupportMay 24, 2013 – AUD/USD (daily chart) has consolidated after its swift decline to major support around the 0.9650...on May 24, 2013 11:59 -
Yen detachmentUSD: Durable goods data is always a bit of a roller-coaster and coming on a Friday, could inspire more volatility...on May 24, 2013 10:21
Opinions»
Central bank actions shake up currency markets
May 24, 2013 12:47-
EURUSD: Downtrend Continuation to 1.2700-Elliott WaveEURUSD made a three wave rally this week. This move has been expected in wave 4, but now the pair is already turning...on 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
Majors»
Forex Weekly Outlook May 27-31
May 24, 2013 17:22-
GBP/USD Outlook – May 20-24The pound‘s troubles continue, as the currency lost almost two cents against the US dollar this week. GBP/USD...on 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
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
Forex Weekly Outlook May 27-31
US Consumer Confidence, GDP, employment and housing data are the highlights on out calendar. Here is an outlook on the main market-movers awaiting us this week. Last week US weekly jobless claims fell by 23,000 to 340K beating market projection for 347K, further evidence to the recovery in the US job market. The same
EUR/USD May 24 – German Strength Enough for Double Top
EUR/USD received a boost from the better than expected German IFO Business Climate. This was enough to send the pair above a minor resistance line, but not enough to break 1.30, for the second time this week – a double top. Euro/dollar could not hold on to the gains and drifted back lower. As the
Durable Goods Orders Exceed Expectations – Market Getting Ready for Holiday
US Durable goods for the month of April at 3.3%, more than double the consensus forecast of 1.5%. The key driver of this number looks to be growth in Aircraft manufacturing and non-defense capital goods such as computers and communications equipment. This number lends itself to Bernanke’s comments earlier this week and the idea that
Central bank actions shake up currency markets
After the relative calm of the last few months, we are entering a period of increasing volatility across the currency markets. As risk markets across the developed world have hit new record highs, the currency markets have traded sideways amidst the inertia, and, like waiting for a London bus, two significant announcements turned up on
Forex Analysis: AUD/USD Declines to Major Support
May 24, 2013 – AUD/USD (daily chart) has consolidated after its swift decline to major support around the 0.9650 price region, retesting the lows that were last hit in early June of 2012. This plunge to support effectively originated near the 1.0600 resistance high in early April and has broken down successively below key prior
Yen detachment
USD: Durable goods data is always a bit of a roller-coaster and coming on a Friday, could inspire more volatility than usual in FX ahead of the weekend, with London also closed on Monday for a Bank Holiday. After a 6.9% fall last month, the expectation is for a gain of 1.9% this month. EUR:
German Ifo Business Climate Surprises – EUR/USD Rises
The German Ifo Business Climate jumped to 105.7 points. It was expected to tick up very marginally from 104.4 to 104.6 points. The current assessment component also beat expectations by rising to 110. It predicted to remain unchanged at 107.2 points and the expectations component was estimated to stay at 101.6 and that is what happened.
Forex Daily Outlook May 24 2013
We end this week with Durable Goods Orders in the US and Ifo Business Climate in Europe as the major events of the day. Here is an outlook on the market-movers awaiting us. In the US, Durable Goods Orders, value all the manufacturer’s new purchase orders for durable goods, rise up to 1.8% is likely
AUD/USD makes kangaroo leap off long term support, hammer pattern or sell opportunity?
The Australian dollar had a wild ride: at first, it extended its drops, reacting to weak Chinese data. The pair dropped as low as 0.9594, only 14 pips above the low seen in early June 2012. From there, the Aussie turned 180 degrees and rose by around 180 pips, finding itself shy of 0.9780. Does
US New Home Sales Rise Nicely, Finds Tired Dollar
The number of new home sales in the US rose to an annual level of 454K, beating expectations of 429K. The rise to 454K came on top of a significant upwards revision of the previous figure: from 417K to 444K. The US dollar didn’t react with another surge: it seems to be tired of the