ActionForex

Dollar surged overnight as Fed's latest economic projection suggested faster rate hike in 2017. Fed fund futures are now pricing in 78.5% chance of another hike by June to 1.00%. Dollar index jumped...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.24; (P) 145.97; (R1) 146.50; Intraday bias in GBP/JPY remains on the upside. Current rally should target long term fibonacci level at 150.43. As rebound...

US equities surged again overnight with three major indices making new record highs. In particular, DJIA ended up 114.78 pts, or 0.58%, to close at 1991.21 and is set to have a test on 20000 handle....

GBP/JPY Daily OutlookDaily Pivots: (S1) 144.99; (P) 145.68; (R1) 146.47; GBP/JPY's rally resumed after brief consolidations and intraday bias is turned back to the upside. Current rally should target...

The financial markets turned mixed as traders getting cautious ahead of FOMC rate decision. There are also talks that hedge funds are lightening up positions ahead of year end holidays. DJIA closed...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.81; (P) 144.46; (R1) 145.60; Intraday bias in GBP/JPY remains neutral for consolidation below 146.02 temporary top. Outlook remains bullish as long as...

Euro weakened broadly last week as traders responded negatively to ECB's decision to extend QE with tapering. Nonetheless, the common currency was underachieved by Yen and then Sterling. Yen ended as...

Canadian Dollar opens the week sharply higher following the strong rally in oil price. WTI crude oil jumps 5% to as high as 54.51 today on news that more countries agree to cut productions. A group on...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.90; (P) 143.68; (R1) 144.30; Intraday bias in GBP/JPY is neutral for consolidation below 146.02 temporary top. But still, with 138.49 support intact,...

Euro remains generally soft is Asian session as post ECB weakness continues. The common currency is still in black against Yen, Sterling and Swiss Franc for the week. But it looks vulnerable and could...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.80; (P) 143.79; (R1) 144.59; With 138.49 support intact, further rise is still expected in GBP/JPY. Current rebound from 122.36 is seen as medium term...

US equities surged to new record highs overnight as the Trump rally continued. DJIA gained 297.84 pts, or 1.55%, to close at 19549.62. S&P 500 jumped 29.12 pts, or 1.32% to close at 2241.35. Both...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.89; (P) 144.46; (R1) 146.45; GBP/JPY continues to lose some upside momentum. But with 138.49 minor support intact, further rise is still expected. Current...

Australia Dollar weakens in Asian session after release of GDP data showed -0.5% qoq contraction in the September quarter. That's much worse than expectation of 0.2% qoq growth and even worse that the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.89; (P) 144.46; (R1) 146.45; With 138.49 minor support intact, further rally is expected in GBP/JPY. Current rise should target long term fibonacci level...

Australian dollar remains steady in range after RBA left the cash rate unchanged at 1.50% as widely expected. Nothing new is be unveiled in the statement. The central bank maintained a neutral stance...