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US Dollar Still Range Bound, But Risk Aversion Creates Bullish Potential Euro Volatility Likely as Central Bank Delivers Interest Rate Decision Japanese...

The US dollar ended the past week as the strongest of the majors, but it certainly wasn’t due to fundamental reasons.

• US Dollar, Japanese Yen Mixed on Low-Volume Trading • Swiss Franc Remains Range-Bound vs. Euro as Swiss CPI Signals Deflation • Australian Dollar, Canadian...

NFA's rules designed to help customers in the U.S. but some traders are confused at the new rules and what it all meansThe NFA recently imposed a rule (2-43 (b)) that will eliminate the ability of some dealers to offer stop-loss and limit orders. As a market-maker for forex, GFT is already fully compliant with this rule and will not be affected — you will still be able to place stop and limit orders with us. Some dealers have gone as far as asking their customers to transfer their account overseas as to avoid the new NFA rule. At GFT, our customers can keep their account stateside and have full access to stop and limit orders through all DealBook® platforms. The new rule also eliminates "hedging," which is really misunderstood when it comes trading currencies. Read the reasons why here. Finally, some forex dealers have recently experienced a decline in net capital. As world-leading company, GFT has $80 million in net capital, which greatly exceeds the NFA's minimum net capital requirement and is $20 million above the next largest U.S. forex dealer. Read the facts from the NFA here. Read the facts from GFT here. Read other forex industry opinions here.See AlsoRead GFT's Official Response to the NFA rule

Euro price action remains choppy; 100-Week SMA key Dollar/Yen eyes retest of critical trend lows Cable bearish reversal week could open deeper setbacks Dollar/Swiss...

FXstreet.com (Barcelona) - European market are closing the current week mixing green and red numbers in Friday quiet session on US holiday. Dollar is mixed too, with EUR/USD higher and GBP/USD sliding. DJ Eurostoxx 50 is advancing 0.04% , CAC 40 posts 0.03% higher, DAX XETRA declines 0.33%, AEX slides 0.04% and the IBEX 35 rises 0.19% so far today.Retail sales in Europe have declined 0.4% between April and May, worse than 0.1% declines expected by market. Year over year, retail sales has fallen 3.3% in May, worse than 2.7% decreases expected by market and 2.3% declines posted previous month.EUR/USD is rising 0.30% so far today to trade above 1.4000 after reaching 1.4028 as intra-day high. GBP/USD is 0.07% lower from opening price to trade below 1.6350 and post 1.6300 as 1-week low.USD/JPY has been trading in a small range between 95.85 and 96.05 in the European session after posting 96.12 as intra-day high. USD/CHF has risen to 1.0900 and currently is down, posting 0.11% daily losses to trade around 1.0860/70.For more information, read our latest forex news.

Pound and euro pull back briefly in forex tradingEconomic activity has shown signs of slowing again in Britain and in the euro zone as "economic green shoots" continue to wither. GFT's Boris Schlossberg comments on the flagging economies on the other side of the Atlantic in FX360: The stall in economic activity confirms our suspicion that the recovery trade is losing momentum as final demand remains lackluster. As we noted earlier the overall picture, “indicates stability, but little further improvement in both EZ and UK and does not augur well for risk currencies going forward.” The Aussie remains the one exception amongst the majors as Australia continues to benefit from Chinese demand. On the news, the pound and the euro pulled back in forex trading slightly. The U.S. dollar is gaining some favor as a safe haven.See AlsoEuro in Forex TradingWorld currencies on the FX market

FXstreet.com (Barcelona) - After capping its recovery from 1.3928 at 1.4028 and falling around 50 pips to trade below to 1.4000, EUR/USD has been rebounded from 1.3980 to levels close to 1.4015 in the last hour. Currently the pair is trading around 1.4005/15, posting 0.35% daily gains from opening price.George Clement, analyst at Swiss e Trade, comments: "The pair is on a recovery move this European morning, still in low volatility and currently trading at 1.3990. We expect more of this recovery to come today, leading to marks around 1.4050."For more information, read our latest forex news.

Current Yesterday USD 0.26688 0.26813 GBP 0.54750 0.55000 EUR 0.26625 0.27250 JPY 0.12375 0.12625 CHF 0.08667 0.09500 AUD 3.09250 3.10000 CAD 0.19000 0.19500 NZD 2.28750 2.31500

FXstreet.com (Barcelona) - The GBP/USD's rejection from 1.6430 in the early European morning has continued and the pair has fallen around 130 pips to test 1.6300 level, posting 1.6302 as fresh 1-week low. Currently the pair is trading around 1.6300/10, 0.25% below opening price.George Clement, analyst at Swiss e Trade, comments: "Trading above solid support right now, cable is currently priced at 1.6350. We expect the support at 1.6320 to hold in today’s trading and project a rising market, up to levels around 1.6450."For more information, read our latest forex news.

FXstreet.com (Barcelona) - After falling to test 1.0830 (EMA55 hourly channel) from 1.0880 in the Asian session, USD/CHF has begun to recover its previous losses to post 1.0876 in the European session.Currently the pair is trading around 1.0860/70.Valeria Bednarik, comments: "While hourly charts suggest some corrections for the next hours, general bias in the pair remains bullish as investors seem reluctant to bet against the SNB and the BIS. Corrections could extend close to 1.0765 where we expect the downside to hold. 20 SMA with a nice bullish slope support the bias upside bias after due correction. Support levels: 1.0840 1.0800 1.0765. Resistance levels: 1.0910 1.0950 1.1010."For more information, read our latest forex news.

FXstreet.com (Barcelona) For more information, read our latest forex news.

FXstreet.com (Barcelona) - GBP/USD has rejected by the 1.6425 resistance (EMA55 in hourly chart) and the pair has fallen from 1.6430 to trade below 1.6400, break 1.6360 support and trade close to 1.6340. Currently the pair is trading around 1.6350/60, 0.05% above todays opening price.Nicole Elliott, senior analyst at Mizuho Corporate Bank, recommends attempt longs at 1.6415: "Still stuck between a rock and a hard place, trying to break higher but getting zero help from other currencies. A weekly close clearly above 1.6500 should add to current strong bullish momentum. Strategy: Attempt small longs at 1.6415; stop below 1.6175. First target 1.6550/1.6600."For more information, read our latest forex news.

FXstreet.com (Barcelona) For more information, read our latest forex news.

FXstreet.com (Barcelona) For more information, read our latest forex news.

FXstreet.com (Barcelona) For more information, read our latest forex news.

FXstreet.com (Barcelona) - The USD/JPY's recovery from 95.70, yesterday and today's low, has been capped at 96.10 resistance (38.20% Fib retracement in Aug 15 high and Dec 17 low). Pair has fallen below 96.00 level to trade close to 96.90. Currently the pair is trading 0.15% above today's opening price.Valeria Bednarik, FXstreet.com collaborator, comments: "Break under 96.00 zone is limiting the upside potential seen in previous updates, that anyway will remain valid as long as pair remains above 95.50 zone. Hourly indicators suggest more bearish pressure in the pair, as price keeps moving away from 20 SMA. Only above 96.30 the pair could regain some bullish momentum, while under mentioned 95.50 again 94.60 zone comes to play."Bednarik provides us with her levels: "Support levels: 95.50 95.20 94.90. Resistance levels: 96.05 96.35 96.70."For more information, read our latest forex news.

FXstreet.com (Barcelona) For more information, read our latest forex news.

FXstreet.com (Barcelona) - GBP/USD has risen 0.45% so far today from 1.6349 to test 1.6425 resistance level (EMA55 in hourly chart) and post 1.6430 as fresh intra-day high in the Early European morning. The pair has been trading in a small range between 1.6360 and 1.6390 during the Asian session to break up this range and climbs 60 pips to trade above 1.6400 level. Currently the pair is trading around 1.6410/20.Valeria Bednarik, FXstreet.com collaborator, comments: "Downside pressure continues on Gbp, that has formed kind of a triple floor in the hourly, around 1.6320, level to watch to the downside: candle opening under that zone, could trigger more selling in the pair, yet hourly indicators point for an upside correction at the moment. A daily descendant trend line around 1.6390 will be our first resistance level to watch, followed by the 1.6435 zone, neck of the mentioned triple floor. Above that level, pair should extend correction close to the 1.6500 zone."Bednarik provides us with her levels: "Support levels: 1.6320 1.6250 1.6200. Resistance levels: 1.6390 1.6420 1.6470."For more information, read our latest forex news.

FXstreet.com (Barcelona) - The Euro's recovery against the Dollar has continued in Friday's Asian session. After falling to 1.3928, 1-week low, in yesterday's American session, (coming from its 270 pips decline from 1.4201) EUR/USD has begun to risen to break above 1.4000 level to post 1.4020 as fresh intra-day high in the Asian session. Currently the pair is trading around 1.4010/20, 0.40% above opening price.The AceTrader Team recommends to buy dips fro 1.4010: "Although euro has rebounded after the brief but sharp sell off to 1.3927 (Aust.) n further 'choppy' consolidation abv there is seen with near term upside bias, reckon 1.4015/20 wud limit gain n yield retreat later."For more information, read our latest forex news.

Asia FX Summary (July 3rd): The dollar consolidated Thursday's gains in trading activity in Asia on Friday with dealings see fairly subdued with the major...

FXstreet.com (Barcelona) - After Thursday's employment readings at US, and with a bank holiday in the front, Asian stocks have retreated on Friday. A slow data on Japanese retailers has also fueled the loses. Japan's Nikkei 225 has fallen 1.0%, while Australia's S&P/ASX 200 gone down 1.4% and South Korea's Kospi Composite off just 0.2%. For the week, the Nikkei and Topix are set to lose 1.1%. Chris Weston, institutional trader at IG Markets, thinks that "there was no real inclination by investors to take big positions. People are now waiting for the US earnings period, which kicks off with Alcoa on Wednesday."The dollar edged up as investors favored it as a safe haven against other much riskier currencies. Analysts at Mataf.net said that "EUR USD is in a consolidation after the last bearish movement. The volatility is high."The pound was poised for its first weekly loss in a month against the dollar on speculation that UK services PMI data will show that the worst of recession is not over yet.Euro was near a one-week low versus the dollar and now will find a main support at 1.3950 where correction is possible. "Break would give 1.3938, where correction also may be. Then follows 1.3910. Break of the latter would result in 1.3897. If a strong impulse, we would see 1.3860. Continuation will give 1.3843," says Nikolajs Serikovs, analyst at FXtechtrade.For more information, read our latest forex news.

The Swiss Franc looks vulnerable in the coming session as June’s headline inflation data threatens to embolden the central bank’s efforts to depreciate...

The Euro has always had a marginal group of naysayers; there were always those who insisted that a common currency didn’t make sense for a region as diverse as the EU. As a result of the credit crisis, a bevy of critics have come out of the woodwork and declared that the Euro will not [...]

The New Zealand dollar weakened against the greenback this week following the rise in risk aversion, and the high-yielding currency may continue to face...