ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 135.03; (P) 136.07; (R1) 136.76; Intraday bias in GBP/JPY remains neutral for the moment. Overall, price actions from 128.66 are seen as a consolidation...

Dollar remains the weakest major currency this week. In US, Fed's Beige Book economic report maintained an overall modestly positive tone on the economy. Six Fed districts noted that while labor...

GBP/JPY Daily OutlookDaily Pivots: (S1) 136.56; (P) 137.44; (R1) 138.01; Intraday bias in GBP/JPY remains neutral for the moment. Overall, price actions from 128.66 are seen as a consolidation...

Dollar dropped sharply overnight in response to much weaker than expected ISM non-manufacturing composite. While Fed fund futures still suggest 18% chance of a September hike, a string of weaker than...

The disappointing non-farm payroll report triggered a pull back in the greenback last week but Dollar quickly recovered and ended the week mixed. Dollar index has indeed ended the week higher at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 137.11; (P) 137.78; (R1) 138.23; A temporary top is in place at 138.81 in GBP/JPY and intraday bias is turned neutral first. Overall, price actions from 128.66...

Aussie stays firm and maintains this week's gain after RBA left cash rate unchanged at 1.50% as widely expected. The accompanying statement is like a carbon copy of the prior one, when RBA cut rate in...

GBP/JPY Daily OutlookDaily Pivots: (S1) 134.96; (P) 135.43; (R1) 136.30; Rise from 129.14 continues and met 55 days EMA. Such rise is seen as the third leg of the consolidation pattern from 128.66....

Dollar pared back some gains overnight as expectation of Fed hike receded on weaker than expected ISM manufacturing. Focus will turn to employment data from US today. Non-farm payroll is expected to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 134.96; (P) 135.43; (R1) 136.30; Rise from 129.14 is still in progress and intraday bias stays on the upside for 55 days EMA (now at 137.87). Such rise is seen...

Aussie rises mildly in Asian session as lifted by China data. The official China manufacturing PMI returned to expansion region and rose to 50.4 in August, above expectation of 50.0. That's also the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 133.69; (P) 134.28; (R1) 135.22; Rise from 129.14 is still in progress and intraday bias stays on the upside for 55 days EMA (now at 137.94). Such rise is seen...

The Japanese yen extends recent decline in Asian session on more talk of monetary easing. BoJ board member Yukitoshi Funo warned of the "recently languid cycle between income and consumption" and...

GBP/JPY Daily OutlookDaily Pivots: (S1) 133.17; (P) 133.78; (R1) 134.13; Intraday bias in GBP/JPY remains mildly on the upside for 55 days EMA (now at 138.33). Such rise is seen as the third leg of...

US equities closed higher overnight with DJIA rose 107.59 pts, or 0.58%, to 18502.99. S&P 500 rose 11.34 pts or 0.52% to close at 2180.38. Financial stocks led other highs as the increased...

Dollar opens the week higher and maintains last week's gain. Markets increased bets on Fed hike this year after chair Janet Yellen said that "the case for an increase in the federal-funds rate has...