ActionForex

Euro recovers mildly today but remains the second weakest major currency for the week, next to Swiss Franc. Dollar, on the other hand, lost momentum again. Dollar index was repelled from 101.96...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.35; (P) 141.18; (R1) 141.90; GBP/JPY is trading in range of 138.53/142.79 and intraday bias stays neutral for the moment. Overall, price actions from...

Dollar strengthens against European majors and Canadian Dollar today. But the greenback weakens against commodity currencies and Yen. Focus is turning to FOMC minutes. The minutes could reveal that...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.12; (P) 141.49; (R1) 142.14; GBP/JPY is trading in range of 138.53/142.79 and intraday bias stays neutral for the moment. Overall, price actions from 148.42...

US indices closed at new record highs again as led by defense and energy sectors. In particular, WTI crude oil surged to as high as 54.68 and is showing sign of range breakout. That helped lift DJIA...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.18; (P) 140.71; (R1) 141.47; GBP/JPY is staying in range of 138.53/142.79 and intraday bias is turned neutral first. Break of 138.53 will extend the fall to...

Aussie stays in right range against the greenback despite the relatively update RBA minutes. The minutes showed that the central bank expected recovery in the global economy to list resources exports....

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.08; (P) 140.50; (R1) 141.39; Intraday bias in GBP/JPY is mildly on the downside for 138.53 support. Break will target 136.44. Overall, price actions from...

While US equities surged to new record high last week, other markets didn't follow. Dollar ended mixed in spite of a chorus of hawkish comments from Fed officials, including chair Janet Yellen. A...

The forex markets are generally staying in range as another week starts. FOMC minutes will be the main focus of the week. Recent comments from Fed officials were generally hawkish, maintaining the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.94; (P) 141.70; (R1) 142.15; Intraday bias in GBP/JPY remains neutral for the moment. At this point, rise from 136.44 is seen as the second leg of the...

The reversal in treasury yield dragged down the greenback again overnight. 10 year yield closed down -0.052 to 2.450 while 30 yield yield dropped -0040 to close at 3.051. The dollar index is now back...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.79; (P) 142.29; (R1) 142.76; GBP/JPY lost momentum after hitting 142.79 and intraday bias is turned neutral first. At this point, rise from 136.44 is seen...

Dollar jumped overnight on a string of solid economic data but quickly reversed. There were a chorus of hawkish comments from Fed officials. But those comments provided no support to the greenback. In...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.38; (P) 142.05; (R1) 143.10; With 140.67 minor support intact, intraday bias in GBP/JPY remains mildly on the upside for 144.77 resistance. Rise from...

US equities jumped overnight and extended the record run as Fed chair Janet Yellen sounded optimistic on the economic outlook. DJIA rose 92.25 pts or 0.45% to 20504.41. S&P 500 rose 9.33 pts or...