All Blog Entries

AUDUSD breaks below 1.0240 support, suggesting that a cycle top has been formed at 1.0328 on 4-hour chart. Further decline would likely be seen over the next several days, and the target would be at the lower line of the price channel. As long as the channel support holds, the price action from 1.0223 is treated as consolidation of the longer term uptrend from 0.9581, and one more rise towards 1.0600 is still possible.



Forex Signals

[url="http://www.daytradingbias.com/?page_id=1093"]Weekly Outlook[/url] on the majors for the week of Jul 9 to Jul 13 is ready.

Premium reports on the pair [color=green][b]USDJPY[/b][/color] FREE to all members this week.

[url="http://www.daytradingbias.com/?page_id=399"]Sign up now[/url] - membership has its privileges.

[B]DaytradingBias.com[/B] [COLOR="DarkGreen"]Know your odds [/COLOR][COLOR="Red"]before [/COLOR][COLOR="DarkGreen"]you trade[/COLOR]
Breakthrough Research [URL="http://www.daytradingbias.com/?p=207"]Special Theory of Price Discovery[/URL]
Special Report [URL="http://www.daytradingbias.com/?p=484"]Market Bias Detective - Forex Daytrading Time Map Vol. 1[/URL]

The British pound lost close to two cents against the US dollar as GBP/USD closed at 1.5484. The upcoming week has eight releases, including Manufacturing Production. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.

The Bank of England maintained interest rates at 0.50%, but did inject 50 billion pounds in QE, for a total of 375B. Weak US employment numbers also helped the dollar, as investors sought safe havens due to the turmoil in Europe and the ECB interest rate cut.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/gbpusd-outlook-july-9-13/"]GBP/USD Outlook July 9-13[/URL][/I][/B]

Oil prices shifted with an unclear trend during the first couple of days of the week but soon enough they declined mainly on the last day of the week after the U.S labor report came out and showed that only 80 thousand jobs were added. The ECB rate reduction pulled down the Euro and in the process may have also slightly adversely affected oil rates. During the week, WTI oil slightly fell by 0.6%. Brent oil, unlike WTI, finished the month rising by 1.24%. During the upcoming week there are several reports that may affect oil rates including the U.S trade balance report, minutes of the FOMC meeting, China's GDP, OPEC monthly report and IEA update.
For the complete oil market weekly analysis at Trading NRG

Oil Prices –July ...