Dollar Ticks Up, All Eyes on Fed Speeches

By BKAssettManagement on May 21, 2013 02:50:18 GMT

The U.S. dollar is trading higher against all of the major currencies this morning despite the lack of U.S. data. Weaker inflation in the U.K. and Germany kept pressure on the EUR and GBP while Japanese Finance Minister Amari’s retraction of Sunday’s comment that “the correction of the strong yen is largely completed” renewed the [...]

Trade of the Day for May 20th – Long AUD/USD

By Ed Ponsi on May 20, 2013 11:37:26 GMT

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 [...]

Chart of the Day for May 21st, 2013 – AUD/USD

By DailyFX on May 21, 2013 12:31:05 GMT

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.