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Forex: GBP/JPY tests 136.00 supportWednesday, July 28, 2010 @ 8:43PMFXstreet.com (Barcelona) - The British pound has weakened more than 40 pips against the Japanese yen this morning, with the pair once again testing the 136.00 support level. The downward trend is due to a strengthened yen over Asia on a lower overall market sentiment compared to previous sessions.

Forex: NZD/JPY looking for support at 62.90Wednesday, July 28, 2010 @ 8:29PMFXstreet.com (Barcelona) - The New Zealand dollar dropped around 80 pips against the Japanese yen directly following the expected RBNZ rate hike to 3.00%. Most recently, the NZD/JPY continues to be pressured below over Asia as the yen appreciates on higher overall risk aversion in the marketplace.

US dollar dips in choppy tradingWednesday, July 28, 2010 @ 8:16PMNEW YORK: The US dollar was mixed against other major currencies in choppy trade on Wednesday, as investors once again worried about the economic outlook.

Nikkei opens -1.0%Wednesday, July 28, 2010 @ 8:13PMThe opinions and analysis offered on Forexlive are for educational purposes only and clients and prospects are advised to carefully consider the opinions and recommendations offered by the analysts and to use the analysis and opinions in conjunction with the client and/or prospects own independent analysis.

New Zealand rates seen at 3.5% by year end- Reuters pollWednesday, July 28, 2010 @ 8:13PMA Reuters poll of 17 analysts and economists has the RBNZ raising rates by 25 bps in September and again once thereafter with rates reaching 3.5% (currently 3%) by the end of the year.

Lenders shifting forex units to ShanghaiWednesday, July 28, 2010 @ 8:09PMGuangdong Development Bank Co said it moved currency and bond traders to Shanghai from its headquarters in Guangzhou as an end to the yuan's peg against the dollar enhances the city's role as a financial center.

Forex: AUD/JPY heads lower along with NikkeiWednesday, July 28, 2010 @ 7:58PMFXstreet.com (Córdoba) - Risk aversion environment has translated into a weaker Aussie and a stronger Yen. AUD/JPY slumped from 79.30 to 78.10 on Wednesday, closing the day 1.51% below its opening price and erasing almost completely its previous weekly gains.

Crude Oil Inventory Watch: Surge in Imports Brings Inventories Near 10-Year HighsWednesday, July 28, 2010 @ 7:40PMInventories The Department of Energy reported that in the week ending July 23, 2010, US crude oil inventories increased by 7.3 million barrels, gasoline inventories were close to unchanged, distillate inventories increased by 0.9 million barrels, and total petroleum inventories increased 9.0 million barrels.

AUD, NZD sneaking higher in quiet tradeWednesday, July 28, 2010 @ 7:14PMThe only movement so far came about after the RBNZ, when the NZD fell 70 pips and dragged the AUD down with it. The AUD/USD has now regained all of its earlier losses and the NZD/USD has made back half of its loss.