ActionForex

Selloff in global bonds extended yesterday and sent US yields sharply higher. 10 year yield rose 0.053 to close at 1.843 after hitting at high at 1.870. The strong breakout from a near term range...

GBP/JPY Daily OutlookDaily Pivots: (S1) 127.04; (P) 127.51; (R1) 128.40; Intraday bias in GBP/JPY stays neutral for consolidation above 124.81 minor support. Overall outlook remains bearish with...

Dollar's retreat yesterday was relatively slow as renewed strengthen in treasury yield provided some support. 10 year yield closed up 0.032 at 1.790 and it's seems to be heading for a break of recent...

GBP/JPY Daily OutlookDaily Pivots: (S1) 126.42; (P) 127.18; (R1) 127.77; Intraday bias in GBP/JPY stays neutral for consolidation above 124.81 minor support. Overall outlook remains bearish with...

Aussie jumps in Asian session as stronger than expected consumer inflation readings lower the chance of further rate cut by RBA. Headline CPI rose to 0.7% qoq and 1.3% yoy in Q3, up from 0.4% qoq and...

Daily Pivots: (S1) 126.87; (P) 127.21; (R1) 127.83; Intraday bias in GBP/JPY stays neutral for consolidation above 124.81 minor support. Overall outlook remains bearish with 129.61 support turned...

Dollar stays firm with support from expectation on December rate hike. Chicago Fed president Charles Evans said that the appropriate policy would have three interest rate hikes "between now and the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 126.10; (P) 126.89; (R1) 127.66; Intraday bias in GBP/JPY stays neutral for consolidation above 124.81 minor support. Overall outlook remains bearish with...

Dollar and commodity currencies are mildly higher in quiet trading as the week starts. Japan's trade surplus narrowed slightly JPY 0.35T in September, from a downwardly revised JPY 0.36T a month ago....

Dollar trades generally higher in today so far thanks mainly to post ECB weakness in Euro. The dollar index extends recent rally from May's low at 91.91 and reaches as high as 98.95 so far....

GBP/JPY Daily OutlookDaily Pivots: (S1) 126.51; (P) 127.19; (R1) 127.80; Intraday bias in GBP/JPY stays neutral for consolidation above 124.81 temporary low. Overall outlook remains bearish with...

Dollar stays soft after Fed's Beige Book showed mostly positive outlook for the US economy, but loss is limited. The economic report noted that "most districts indicated a modest or moderate pace of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 126.72; (P) 127.44; (R1) 128.43; Intraday bias in GBP/JPY stays neutral for consolidation above 124.81 temporary low. Overall outlook remains bearish with...

Asian markets are trading mixed as a batch of key economic data from China basically met expectations. At this time of writing, Nikkei is trading flat just below 17000 handle while Hong Kong HSI is...

Australian dollar jumps today following strength in Asian equities and oil. The Aussie remains supported after RBA minutes. The minutes for the October meeting suggested that "there remained...

GBP/JPY Daily OutlookDaily Pivots: (S1) 126.16; (P) 126.60; (R1) 126.98; Intraday bias in GBP/JPY stays neutral for consolidation above 124.81 temporary low. Overall outlook remains bearish with...