ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 134.22; (P) 134.82; (R1) 135.49; Intraday bias in GBP/JPY remains on the downside for the moment. Rebound from 128.86 has completed at 143.21 already and...

Sterling is maintaining this week's recovery against other major currencies as markets await BoE rate decision. We expect BOE to cut the Bank rate, by -25 bps, to 0.25% in August, followed by further...

GBP/JPY Daily OutlookDaily Pivots: (S1) 133.88; (P) 134.72; (R1) 135.55; Intraday bias in GBP/JPY remains on the downside for the momentum. Rebound from 128.86 has completed at 143.21 already and...

Canadian dollar remains the weakest major currency for the week as oil's selloff continued. WTI crude oil dipped to as low as 39.26 overnight and stays below 40 in Asian session. Meanwhile, other...

GBP/JPY Daily OutlookDaily Pivots: (S1) 134.18; (P) 135.21; (R1) 135.94; Intraday bias in GBP/JPY remains on the downside for the momentum. Rebound from 128.86 has completed at 143.21 already and...

Aussie weakens broadly after RBA lowers cash rate by -25bps to new record low of 1.50% today. The central bank maintained that the economy continued to grow "at a lower than average pace". And,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 133.42; (P) 136.33; (R1) 137.81; Intraday bias in GBP/JPY remain son the downside for the momentum. Rebound from 128.86 has completed at 143.21 already and...

Dollar stays soft in Asian session as markets are pricing out the chance of rate hike by Fed after the much weaker than expected Q2 GDP report released last week. But Fed officials are trying to talk...

Dollar ended the week broadly lower as the weakest major currency as Q2 GDP data could have closed the door for a rate hike in September. Canadian dollar followed as dragged down by weakness in crude...

GBP/JPY Daily OutlookDaily Pivots: (S1) 137.51; (P) 138.47; (R1) 139.49; The breach of 135.96 argues that rebound from 143.21 is completed. Intraday bias is mildly on the downside for 128.86 low....

Yen surges after markets are disappointed by BoJ's announcement. The key interest rate was held unchanged at -0.1% while there were speculations that it could be pushed further negative to -0.3%....

GBP/JPY Daily OutlookDaily Pivots: (S1) 137.79; (P) 138.84; (R1) 140.40; Intraday bias in GBP/JPY remains neutral for the moment. The rebound from 128.86 is seen as a correction. Below 135.96 minor...

Dollar weakened broadly after Fed left policies unchanged overnight as markets are dissatisfied with the lack of direct hint on a September rate hike. The dollar index is now trading at around 96.6...

GBP/JPY Daily OutlookDaily Pivots: (S1) 135.82; (P) 137.47; (R1) 138.98; Intraday bias in GBP/JPY remains neutral for the moment. The rebound from 128.86 is seen as a correction. Below 135.96 minor...

Australian dollar spikes higher after Q2 inflation data but reverses quickly. Headline CPI rose 0.4% qoq, 1.1% yoy versus expectation of 0.4% qoq, 1.1% yoy and Q1's -0.2% qoq, 1.3% yoy. RBA trimmed...

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.47; (P) 139.30; (R1) 139.83; Intraday bias in GBP/JPY remains neutral for the moment. The rebound from 128.86 is seen as a correction. Below 136.37 minor...