Forex Flash: Next RBA move likely coming in May - NAB

According to the NAB economists, "we continue to expect that weakness in the economy will see
the RBA ease further this year, the next likely move coming in May." The market puts the odds of a March rate cut at around 30% today, with that chance, in view of the bank, "subject to the pending key Q4 partials due from the end of this month."

Feb 18, 2013

Forex: USD/JPY stalls below 94.20 stops

With USD/JPY at 94.11, off fresh session/3-day highs at 94.15, and stops above 94.20, Eamonn Sheridan from ForexLive said, Yen keeps being sold across the board, while Nikkei index gains more than +2.20% for the day above the 11400 points mark. After few days as the strongest currency among majors, up +2% in 3 days, Yen is again on its way to being the weakest one in last 2 days, along with Pound and Euro.

Forex: EUR/USD breaking below 1.33 points to 1.3255 support – Fan Yang

EUR/USD is currently pushing to fresh session lows at 1.3332, down -0.21% from previous weekly close on Friday, and still above Thursday/Friday's lows around the 1.3310/05 area. According to CMT and FXstreet.com Independent Analyst Fan Yang: “A break below 1.33 continues the current bearish correction, with room to 1.3255 support, as well as a rising trendline that goes back to July 2012 when the bullish trend started,” the analyst says.