ActionForex

Dollar index stays firm above 98 in Asian session today after extending recent rise. Fed chair Janet Yellen point out that there was an unusual tendency of weak demand against strong supply in the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 126.14; (P) 126.80; (R1) 127.70; No change in GBP/JPY's outlook as some more consolidations could be seen. But outlook stays bearish with 129.61 resistance...

The financial markets are struggling to find follow through momentum to extend recent moves. DJIA dipped to as low as 17959.95 overnight but quickly recovered to close at 18098.94. The brief breach of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 125.74; (P) 126.72; (R1) 128.16; No change in GBP/JPY's outlook as some more consolidations could be seen. But outlook stays bearish with 129.61 resistance...

The greenback turns mixed in Asian session after FOMC minutes failed to provide inspirations to dollar bulls. The dollar index jumps to as high as 98.12 but retreats since then. That's mostly...

GBP/JPY Daily OutlookDaily Pivots: (S1) 124.08; (P) 126.22; (R1) 127.64; More... No change in GBP/JPY's outlook as some more consolidations could be seen. But outlook stays bearish with 129.61...

Dollar stays firm against Euro but pares back some gains against other major currencies as focus turns to FOMC minutes. At the meeting on September 21, 3 of 10 voters dissented the decision to keep...

GBP/JPY Daily OutlookDaily Pivots: (S1) 127.49; (P) 128.04; (R1) 128.63; Some consolidations could be seen in GBP/JPY in near term. But outlook stays bearish with 129.61 resistance intact. The larger...

Asian markets trade higher as pulled up by surge in oil prices. Nikkei is trading up 1.2% at the time of writing. WTI crude oil extended recent rally and took out 51 handle, heading to key medium term...

The financial markets are trading rather quietly today with Japan and US on holiday. Major currency pairs and crosses are staying in Friday's range Euro is generally soft in spite of better than...

Selloff in Sterling was the main focus last week as it was first triggered by news that UK prime minister finally announced a plan on Brexit. Selling reached a climax Friday as the pound spiked to 31...

The huge volatility in Sterling dominates Asian markets today. GBP/USD spikes lower to new 31 year low of 1.1995 before quickly recovering to 1.24 level. EUR/GBP hits as high as 0.9346 before treating...

GBP/JPY Daily OutlookDaily Pivots: (S1) 130.89; (P) 131.56; (R1) 132.62; GBP/JPY is still staying in tight range above 129.61 support and intraday bias remains neutral. Another recovery cannot be...

Dollar remains the strongest major currency this week and stays firm in Asian session. Much support is provided by recent surge in treasury yields. 10 year yield rose 0.033 overnight to close at 1.713...

GBP/JPY Daily OutlookDaily Pivots: (S1) 130.38; (P) 130.87; (R1) 131.44; GBP/JPY is still staying in tight range above 129.61 support and intraday bias remains neutral. Another recovery cannot be...

US treasury yields jumped sharply overnight on talks that ECB would taper its EUR 80b bond buying program ahead of the planned conclusion in March 2017. 10 year yield surged 0.061 to close at 1.683,...