Lower Inflation Sinks Cable

By BKAssettManagement on May 21, 2013 12:28:22 GMT

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% [...]

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.