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 21st, 2013 – Buy AUD/JPY

By Todd Gordon on May 21, 2013 04:02:44 GMT

Hello Traders – apologies for the late update this morning.  Extremely busy morning on the trade desk here at TradingAnalysis.com.com. To get right down business you should still be short AUD/JPY with me from the May 8th article from 101.25 with stop losses at the same level.  COVER THIS SHORT AT MARKET – last trade [...]

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.