ActionForex

Dollar weakens broadly as another week starts. EUR/USD and USD/CHF extend recent near term move with EUR/USD hitting as high as 1.0749 so far. GBP/USD also takes out 1.2432 resistance. Some analysts...

US equities ended Friday mildly higher but closed the week down as US president Donald Trump's inauguration provided little inspiration to the markets. DJIA closed at 19827.25 comparing to prior...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.66; (P) 141.41; (R1) 142.48; Intraday bias in GBP/JPY remains neutral for the moment with a temporary low in place at 136.44. Deeper decline is still...

Dollar remains in red for the week, except versus Yen and Canadian Dollar, as markets await Donald Trump's inauguration. Treasury Secretary nominee Steven Mnuchin had sent USD higher. As he suggested,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.56; (P) 140.12; (R1) 141.10; Intraday bias in GBP/JPY remains neutral for the moment with a temporary low in place at 136.44. Deeper decline is still...

Dollar recovered mildly overnight with treasury yield. The dollar index is now back at 101.25, comparing to this week's low at 100.26. 10 year yield closed at 2.389, comparing to this week's low at...

Dollar remains the weakest major currency over the week despite some positive comments from Fed officials. Fed Governor, Lael Brainard indicated that material increase in fiscal stimulus measures...

GBP/JPY Daily OutlookDaily Pivots: (S1) 136.57; (P) 137.36; (R1) 138.26; A temporary low is in place at 136.44 and intraday bias in turned neutral first. Deeper decline is still expected with 142.16...

GBP/JPY Daily OutlookDaily Pivots: (S1) 136.57; (P) 137.36; (R1) 138.26; Intraday bias in GBP/JPY remain son the downside for the moment. Current downside acceleration and break of 38.2% retracement...

Sterling recovers mildly today but remains the weakest major currency for the week. Prime minister Theresa May's speech on Brexit is the main focus and could trigger more volatility in the pound. It's...

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.89; (P) 139.73; (R1) 140.39; GBP/JPY's decline from 148.20 accelerated by breaking the channel line decisively. 38.2% retracement of 122.36 to 148.42 at...

The British Pound drops across the board as the week starts. It's reported that prime minister Theresa May is schedule to deliver a speech on Tuesday to lay out the plan of Brexit. And, May is...

Dollar ended the week broadly lower, except versus Sterling, after US president-elect Donald Trump disappointed the markets by not giving any details on his policies during the first post election...

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.61; (P) 139.80; (R1) 140.68; Intraday bias in GBP/JPY remains on the downside as fall from 148.42 short term top is in progress. Further decline should be...

Dollar recovers mildly towards the end of the week as supported by comments from Fed officials. Fed chair Janet Yellen said that the economy is "doing quite well" and there are no serious short term...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.07; (P) 140.77; (R1) 141.60; Intraday bias in GBP/JPY remains on the downside as fall from 148.42 short term top is in progress. Further decline should be...