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COMMENTARY
5/23/2013 7:19:00 AM ET
AUD/JPY and Nikkei both sharply off lows
The Nikkei sold-off overnight, in part, due to comments from Japan’s economic minster Amari who merely stated an obvious fact in that he thought the rally had been much stronger than...
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5/22/2013 1:07:17 PM ET
Precious metals turn mixed ahead of FOMC minutes
Precious metals started the day brightly, benefitting from a weaker US dollar which fell in anticipation that Bernanke may deliver a surprise hint about the timing of the Fed’s exit from...
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5/22/2013 11:36:50 AM ET
Crude oil lower as dollar bounces back
Crude oil started the day a touch weaker following yesterday’s sell-off, weighed down by a slightly stronger US dollar. The greenback has been rising strongly in recent months due to the...
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5/22/2013 6:41:51 AM ET
Dollar rally stalls as eyes & ears turn to Fed
The US dollar has risen sharply in recent months. This has been due to the fact that the Bank of Japan has beefed up its quantitative easing programme while at the...
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MOST POPULAR
AUD/USD Sell: If at First You Don’t Succeed…
5/21/2013 2:12:16 PM EDT
USD/CAD Set to Bounce from Bullish Trend Line
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EUR/AUD: Buy Shallow Dips after Break to New 18-Month Highs
5/22/2013 2:07:00 PM EDT
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5/22/2013 6:15:01 AM EDT
UPDATE: GBP/JPY Sell Off Resistance at 4-Year Highs
5/21/2013 3:00:20 PM EDT
ECONOMIC EVENTS
TECHNICAL ANALYSIS REPORT
Wednesday, May 22, 2013
5/22/2013 8:34:54 AM ET
Short Term Technical Report Updated Daily at 13:30 GMT
Medium Term Report Updated Daily at 22:00 GMT
CURRENCY
CURRENT BIAS
POTENTIAL STRATEGY
EUR/USD (Short Term)
Rally stalling as eyes turn to Bernanke - see full report for more details
GBP/USD (Short Term)
More weak economic data pushing rates lower, looking to sell on any bounces to the mid- or upper-1.5100s. See full report for more details
USD/JPY (Short Term)
Yesterday's trade invalidated, though continued trade above 103.00 opens the door for a run to 104.00 next
USD/CHF (Short Term)
Buy if USD/CHF breaks above .9762, stop at .9680, target at .9875. See full report for more details
USD/CAD (Short Term)
Previous buy trade hit target, bullish channel now testing key resistance levels at 1.0310 and 1.0335
AUD/USD (Short Term)
Trade in progress: Sold AUD/USD at .9815, stop at .9815, target at .9730. See full report for more details
NZD/USD (Short Term)
Still inching lower ahead of Bernanke, next supports at .8100 and .8070.
read more
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RECENT TRADER TALK
GeniusTrader
AUD/USD Sell: If at First You Don’t Succeed…
21 hrs ago
oh yeah .... closed out that trade and riding these lows ... let us see!
View conversation
MWeller
AUD/USD Sell: If at First You Don’t Succeed…
25 hrs ago
Thanks so far - still looking for just a bit more weakness down toward the profit target. Perhaps Bernanke will drive the dollar lower in his speech in a few hours!
View conversation
GeniusTrader
AUD/USD Sell: If at First You Don’t Succeed…
5:32 AM ET May 22nd
great trade mate!
View conversation
Fawad
AUD/USD long-term bullish trend broken
8:57 AM ET May 14th
Hi - next target is probably 0.9825 which ties in with the 161.8% of the move on the 4 hour chart. Beyond that is anyone's guess really but as I have pointed out in the article, 0.9650 and 0.9405 could be additional targets
View conversation
jwong139
AUD/USD long-term bullish trend broken
8:52 AM ET May 14th
Fawad - AUD/USD touched 0.9900 already today. Any further target you are looking at for this pair?
View conversation
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TRADE IDEAS
Trades to Watch
Trades in Progress
currency
trade idea
EUR/AUD
Medium term
Buy at 1.3240
Stop at 1.317
Target at 1.337
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There are currently no trades in progress.
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These are hypothetical trades and should not be relied upon as a substitute for independent research.
CENTRAL BANK RATES
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