Forex Opinion & Analysis

Market Drivers for July 10, 2013Chinese trade data weak as exports fall -3.1%USD/JPY breaks below 100.00Nikkei -0.39% Europe -0.76%Oil $104.74/bblGold $1252/oz.Europe and AsiaAUD: Westpac Consumer...

EUR/USD - European SessionThe pair dropped sharply yesterday and is trading below the previous low at 1.2796. Stability below that level 1.2875 is negative, while stability below 1.2796 further...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.55; (P) 150.57; (R1) 151.39;No change in GBP/JPY's outlook. We're favoring the case that rebound from 147.10 is completed and was a corrective move only....

Previously we had shorted EUR/NZD at 1.6580. EUR/NZD has fallen and it is showing some strength. We would like to take profit on this trade.Closed EUR/NZD at 1.6300, profit is 280 pips.

The dollar fell against the yen on Wednesday on position squaring, with the near-term focus on whether the minutes of the Federal Reserve's June meeting and a speech by Chairman Ben Bernanke will give...

Cable (GBPUSD) breaks 2013 low to leave risk still lowerA bearish outside Tuesday pattern through the cycle low at 14830 has reinforced a near term negative tone and shifted the intermediate term...

GBP/USD Open 1.4856 High 1.4989 Low 1.4812 Close 1.4863On Tuesday Pound/Dollar decreased tremendously with 175 pips. The Cable depreciated from 1.4989 to 1.4812 yesterday, in line with the negative...

EUR/USDTrading range: 1.2760 - 1.2835Trend: NeutralBuy at 1.2773 SL 1.2741 TP 1.2823USD/JPYTrading range: 101.15 - 100.20Trend: DownwardSell at 101.01 SL 101.33 TP 100.2 GBP/USDTrading range: 1.4855 -...

Australia’s dollar rose to its highest level in a week amid speculation its recent decline has been excessive.The Aussie recovered from an earlier loss that had been fueled by concern that trade...