Forex Opinion & Analysis

Market Drivers for July 18, 2013USD/JPY blows past 100.00 on hopes of pro-Abe weekend electionUK Retail Sales match expectationsNikkei 1.22% Europe 0.06%Oil $106/bblGold $1276/oz.Europe and AsiaAUD:...

The pair is trading along an uptrend.The uptrend may be expected to continue while pair is trading above support level 1.5160, which will be followed by reaching resistance level 1.5200 and then...

The pair is trading along a sideways trend.The uptrend may be expected to continue while pair is trading above support level 1.3085, which will be followed by reaching resistance level 1.3170 and then...

EUR/USD - European SessionThe pair failed to hold on to its positive trading yesterday and moved back to the downside, but is still stable above the bullish key support level and above 1.3070....

USD/JPY Open 99.67 High 100.35 Low 99.02 Close 99.54On Wednesday Dollar/Yen traded within 90 pip range. The currency couple appreciated from 99.02 to 99.95 yesterday, matching the positive money flow...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.22; (P) 151.13; (R1) 152.35;Intraday bias in GBP/JPY remains mildly on the upside for the moment. Break of 153.01 will resume whole rebound from 147.10. But...

Big surprises yesterday from both the Bank of England and Fed Chairman Bernanke. The BoE was much more hawkish than expected; the newly installed Governor, Mark Carny, had been expected to lead the...

Last night we had the Bernanke Testimony and the Beige Book, which gave USD some strength towards the close after comments that the Fed anticipates to begin moderating monthly bond purchases later...