ActionForex

The financial markets have mixed, or probably just little reaction, to the outcome of the G20 meeting in Germany over the weekend. Markets in Australia, South Korea traded mildly lower. Meanwhile,...

Daily Pivots: (S1) 120.43; (P) 121.34; (R1) 121.87; The deeper than expected fall from 122.88 dampened out immediate bullish view. And the consolidation pattern from 124.08 is possibly extending with...

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.73; (P) 139.67; (R1) 140.25; GBP/JPY had another attempt at 138.53 support but rebounded from there again. The cross is staying in range of 138.53/142.79...

Dollar is set to end the week as the worst performing major currency as post FOMC weakness continues. Meanwhile, Euro follows as the second weakest one after the positive impact of ECB and then Dutch...

The responses to FOMC's announcement overnight were very clear. Stocks rebounded with DJIA gained 112.273 pts or 0.54% to close at 20950.10. S&P 500 rose 19.81 pts or 0.84% to close at 2385.26....

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.73; (P) 139.67; (R1) 140.25; Intraday bias in GBP/JPY remains neutral for the moment as it's bounded in choppy trading inside range of 138.53/142.79. Price...

EUR/JPY Daily OutlookDaily Pivots: (S1) 121.34; (P) 121.98; (R1) 122.31; Intraday bias in EUR/JPY remains neutral as consolidation from 122.88 temporary top continues. Deeper retreat cannot be ruled...

Markets are holding their breath as the highly anticipated FOMC meeting awaited. DJIA's recovery lost steam and closed down -44.11 pts, or -0.21%, at 20837.37 after breaching 20800 briefly. S&P...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.59; (P) 140.04; (R1) 140.78; Intraday bias in GBP/JPY remains neutral for the moment as it's bounded in choppy trading inside range of 138.53/142.79. Price...

The financial markets are generally staying in tight range in Asian session today as traders await the heavy-weight events later in the week. US equities ended mixed overnight with DJIA closed down...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.20; (P) 139.87; (R1) 140.22; Intraday bias in GBP/JPY remains neutral for the moment as it's bounded in choppy trading inside range of 138.53/142.79. Price...

Dollar weakens broadly today as markets await a busy week ahead with four central bank meetings. Fed is widely expected to hike interest rate by 25bps this week. However, such expectation should be...

For the 24 hours to 23:00 GMT, the EUR rose 0.36% against the USD and closed at 1.0577, after the European Central Bank (ECB) President, Mario Draghi, struck a more optimistic tone on the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.19; (P) 139.60; (R1) 140.20; GBP/JPY breached 138.53 support briefly but quickly recovered. As it's staying in range of 138.53/142.79, intraday bias...

Dollar is trading as the strongest major currency for the week as markets await employment data from US. The general consensus is that barring a disastrous non-farm payroll report, Fed will still hike...

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.52; (P) 139.09; (R1) 139.75; GBP/JPY remains bounded in range of 138.53/142.79. Intraday bias stays neutral at this point. Price actions from 148.42 are...