Soft Fed Speak Triggers USD Profit Taking
On Tuesday, EUR/USD initially failed to extend the tentative short-term uptrend that started on Monday. EUR/USD tried to regain the 1.29 mark at the onset of trading in Europe. However, as was the case on Friday evening and earlier yesterday in A
USD Broadly Offered Before Bernanke's Testimony
Another day, another rally on the Japanese stocks. The Nikkei 225 surged an extra 1.8% to 15,650.83 in Tokyo as the BoJ maintained the 2014 monetary base target at Yen 270trln as widely expected. The trade deficit widened in April due to faster i
US Dollar Soars on Bernanke Testimony
Stocks rallied to new historic highs after Fed Chairman Bernanke confirmed that the central bank would maintain its accommodative monetary policies to underpin the economy for as long as necessary.
USD/CAD Surges to a new 2013 High; 2012 High in Sight
Bernanke: The USD is rallying across the board after Bernanke testified to the Joint Economic Committee. Although he said premature tightening could stifle economic activity, he did not talk about any expansion of QE. So we know the turning point
Reaction to Bernanke: USD-strength (EUR/USD, USD/JPY GBP/US
Bernanke: He defended QE, warning against premature tightening. But it looks like the turning point has already been reached. There is no talk of expanding QE measures, but rather a discussion on timing being too early. The market put on further
AUD/USD: Aussie Trading Lower In The Asian Session
For the 24 hours to 23:00 GMT, AUD strengthened marginally against the USD to close at 0.9818, as commodity prices recovered.LME Copper prices rose 1.5% or $108.00/MT to $7384.0/MT. Aluminium prices rose 1.3% or $24.00/MT to $1835.0/MT.
USD/JPY: BoJ Keeps Its Key Interest Rate Unchanged
For the 24 hours to 23:00 GMT, the USD strengthened 0.27% against the JPY and closed at 102.43. However, gains in the Dollar were pared after two Federal Reserve members supported US central bank’s current bond buying program to boost growth.
GBP/USD careens below 1.5100 level after BoE - FXstreet.com
In the United Kingdom, Retail Sales (YoY) came in at +0.5% in April, beating expectations of +2.0%. Moreover, Retail Sales ex Fuel (MoM and YoY) yielded -1.4% in April (against estimates of 0.0%) and +0.2% in April (vs. a projection of +1.7%) respectfully.
Daily Forecast: AUD/USD ; USD/CAD ; USD/JPY ; USD/CHF
AUD/USD: Intraday bias in AUD/USD remains neutral for the moment and stronger recovery could be seen to 4 hours 55 EMA (now at 0.9895) and above. But risk will stay on the downside as long as 1.0015 support turned resistance holds and another dec
Daily Forecast: GBP/USD ; GBP/JPY
GBP/USD: Intraday bias in GBP/USD remains on the downside for the moment. Corrective rebound from 1.4830 has completed at 1.5606 after hitting 50% retracement of 1.6380 to 1.4830 at 1.5605. Current decline should extend to retest 1.4830 level nex
Forint Rallies, Ending Sell Recommendation from Goldman
The Hungarian forint advanced today, breaking the level above which Goldman Sachs recommended their customers to close sell positions. The breakout added to the upward momentum of the currency.
Ichimoku Signal: USD/CHF - Hold long entered at 0.9670
Dollar's near term sideways trading within the established range of 0.9549-0.90761 would continue and as long as said lower range holds, mild upside bias remains for anothe rebound to yesterday's high of 0.9751, however, break of last week's high


