ActionForex

Euro drops broadly today as Italians voted "no" in the referendum and rejected prime minister Matteo Renzi's reforms. Renzi has already admitted defeat after latest result showed 60% voters voted...

Canadian dollar surged broadly last week as the highly anticipated OPEC meeting finally delivered an agreement on production cut. WTI crude oil surged 51.80 and took the Loonie, as well as stocks...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.47; (P) 143.82; (R1) 145.02; Intraday bias in GBP/JPY remains on the upside for the moment. Current rally from 122.36 should target long term fibonacci...

The financial markets were rather mixed as December started. DJIA jumped to new record high at 19214.30 before closing up 68.35 pts, or 0.36%, at 19191.93. The rally in DJIA was mainly driven by...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.97; (P) 142.11; (R1) 144.27; GBP/JPY's rally resumed by breaking 141.73 resistance and reaches as high as 143.69 so far. Intraday bias is back on the...

The news that OPEC finally agreed on a deal to cut production boosted WTI crude oil to as high as 49.9 overnight, just shy of 50 handle. Stocks were pushed up which DJIA hitting new record higher at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.78; (P) 140.07; (R1) 141.65; Intraday bias in GBP/JPY remains neutral for consolidation below 141.73 temporary top. Downside of retreat should be contained...

The financial markets are generally trading in tight range as traders await a number of events for the week. OPEC meeting will be a key to watch today. It's still highly uncertain whether a deal on...

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.24; (P) 139.55; (R1) 140.27; More... Intraday bias in GBP/JPY remains neutral for consolidation below 141.73 temporary top. Downside of retreat should be...

Commodity currencies are generally stronger this week so far in otherwise range trading markets. Dollar index is bounded in range of 100.64/102.05 as it turned into consolidation. Yen also pared back...

Dollar index jumped to 14 year high last week as markets continued to bet on Fed's December rate hike. Nonetheless, traders turned a bit more cautious in holiday mood as the greenback will now...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.25; (P) 140.99; (R1) 142.03; Break of 139.59 minor support indicates temporary topping at 141.73. Intraday bias in GBP/JPY is turned neutral for...

Dollar's pull back continue as another week starts as markets prepare for a week full of important economic data. Dollar index dips to as low as 100.64 so far, comparing to last week's high at 102.05,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.96; (P) 140.62; (R1) 141.67; GBP/JPY's rally is still in progress and reaches as high as 141.73. Intraday bias remains on the upside for long term long...

The Japanese yen remains the weakest major currency for the week and the month after release of inflation data in Asian session. National CPI core dropped -0.4% yoy in October, improved from -0.5% yoy...

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.01; (P) 139.18; (R1) 141.09; GBP/JPY's rise resumed after brief consolidations and reaches as high as 141.00 so far. The break of 138.81 resistance...