Top Global Market Stories
Lower Inflation Sinks Cable
Market Drivers May 21, 2013 RBA minutes show no further inclination to cut UK Inflation materially lower than expected Nikkei 0.13% Europe -0.82% Oil $96.58/bbl Gold $1353/oz. Europe and Asia: AUD RBA Policy Meeting Minutes JPY All Industry Activity Index -0.3% vs. -0.3% NZD RBNZ 2-Year Inflation Expectation NZD Credit Card Spending 4.0% vs. 3.7% [...]
Top Trade Ideas
Trade of the Day for May 20th – Long AUD/USD
Time to Buy Aussie AUDUSD shorts have been very successful, and the Aussie’s plunge has been front page news. Now that the rest of the world is looking for a weaker Aussie, it may be a good time to cover shorts and take a shot at the long side for a quick bounce. There are [...]
Featured Chart
Chart of the Day for May 21st, 2013 – AUD/USD
By Ilya Spivak
Prices put in a bullish Piercing Line candlestick pattern, hinting at gains ahead. Initial resistance is at 0.9809, the 14.6% Fibonacci retracement, with a break above that exposing the 23.6% level at 0.9869. Near-term support is at 0.9710, the May 17 low.

Global Market Commentary
Chart of the Day for May 21st, 2013 – AUD/USD
By Ilya Spivak Prices put in a bullish Piercing Line candlestick pattern, hinting at gains ahead. Initial resistance is at 0.9809, the 14.6% Fibonacci retracement, with a break above that exposing the 23.6% level at 0.9869. Near-term support is at 0.9710, the May 17 low.
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Number One Threat to Dollar Rally This Week
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Trade of the Day for May 20th – Long AUD/USD
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Chart of the Day for May 20th, 2012 – USD/CHF
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Trade of the Day for May 19th, 2013 – Short EUR/USD
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