ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 129.85; (P) 130.53; (R1) 131.08; GBP/JPY's fall is still in progress and intraday bias remains on the downside for 128.66 low. Sustained break there will...

Australian dollar stays in tight range after RBA meeting minutes explained the rate cut this month. The minutes noted that "while prospects for growth were positive, there was room for stronger...

GBP/JPY Daily OutlookDaily Pivots: (S1) 129.95; (P) 131.23; (R1) 132.12; Intraday bias in GBP/JPY remains on the downside for 128.66 low. Break will extend the larger down trend from 195.86 to next...

Asian markets open with mild risk appetite as led by China. The China CSI300 surges to a seven month high while SSE (LON:SSE) composite is up 2.3% at the time of writing. Major Asian indices including...

The financial markets were relatively quiet last week. US equities extended recent up trends with DJIA, S&P 500 making new record highs, but momentum were quiet unconvincing. Strength, however,...

Risk appetites stayed strong with US equities climbing to new record highs yesterday. DJIA closed up 117.86 pts, or 0.64%, at 18613.52. S&P 500 closed up 10.30 pts, or 0.47%, at 2185.79. Nasdaq...

GBP/JPY Daily OutlookDaily Pivots: (S1) 131.80; (P) 132.75; (R1) 133.41; GBP/JPY lost some downside momentum as seen in 4 hours MACD. But further decline is still expected with 135.42 minor...

New Zealand dollar jumps in Asian session today after RBNZ delivered that full priced-in rate cut. RBNZ lowered the OCR by 25bps to 2.00% as widely expected. The central bank maintained easing bias...

GBP/JPY Daily OutlookDaily Pivots: (S1) 133.14; (P) 133.58; (R1) 134.03; . With 135.42 minor resistance intact, further fall is expected in GBP/JPY for 128.66 support. Break will extend the larger...

Dollar weakens broadly in relatively quiet market overnight. The post NFP rally in the greenback quickly faded as traders are not convinced of another rate hike by Fed this year yet. Fed fund futures...

GBP/JPY Daily OutlookDaily Pivots: (S1) 133.14; (P) 133.58; (R1) 134.03; With 135.42 minor resistance intact, further fall is expected in GBP/JPY for 128.66 support. Break will extend the larger down...

Markets are trading mixed in Asian session with Nikkei having slight gain of 0.3% at the time of writing. That follow a slight retreat in US stocks overnight with S&P 500 closed down -0.09%. Gold...

GBP/JPY Daily OutlookDaily Pivots: (S1) 132.37; (P) 132.85; (R1) 133.48; With 135.42 minor resistance intact, further fall is expected in GBP/JPY for 128.66 support. Break will extend the larger down...

Risk appetites continue in Asian session today after S&P 500 and Nasdaq made record highs last week. At the time of writing, Nikkei is trading up 326 pts or 2% while other Asian indices are...

Dollar ended higher last week as the better than expected non-farm payroll raised expectation of a Fed hike this year. But it's still overwhelmed by Aussie and yen, which were the strongest major...

GBP/JPY Daily OutlookDaily Pivots: (S1) 131.71; (P) 133.48; (R1) 134.40; Intraday bias in GBP/JPY remains on the downside for 128.86 support. Break of 128.86 will extend the larger down trend from...