ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.53; (P) 140.46; (R1) 141.88; Intraday bias in GBP/JPY remains neutral for the moment. The rebound from 128.86 is seen as a correction. Below 136.37 minor...

Asian markets open the week mildly higher following US and were supported mildly by G20 communique. Brexit was the major topic in the G20 meeting in China. The group noted in the post meeting...

Dollar ended the week broadly higher on reviving expectation that Fed is still on course for rate hike this year. The dollar index broke out of recent range and jumped to close at 97.46. The movement...

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.53; (P) 140.46; (R1) 141.88; Intraday bias in GBP/JPY remains neutral for the moment. Rebound from 128.86 is seen as a corrective move. On the downside,...

Commodity currencies are generally soft in Asian session and are set to end the week lower in generally. Aussie and Kiwi are pressured by soft commodity prices and expectation for easing from...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.19; (P) 140.32; (R1) 142.32; Intraday bias in GBP/JPY remains neutral for the moment. Rebound from 128.86 is seen as a corrective move. On the downside,...

New Zealand dollar tumbles broadly today as RBNZ indicated that further policy will be needed, paving the way for another rate cut in August. Swaps data is pricing in 90% of a cut in OCR at the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.05; (P) 139.55; (R1) 140.63; Intraday bias in GBP/JPY remains neutral for the moment. Rebound from 128.86 is seen as a corrective move. On the downside,...

The forex markets are pretty steady in Asian session so far. Dollar jumped yesterday on reviving expectation of rate hike by Fed. But the greenback is struggling to find decisive momentum yet....

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.28; (P) 140.28; (R1) 141.70; Intraday bias in GBP/JPY remains neutral for the moment. Rebound from 128.86 is seen as a corrective move. On the downside,...

Aussie dips broadly today as RBA minutes indicate that the central bank is open for further policy easing in August. The minutes noted that recent data were "consistent with a moderation of GDP growth...

GBP/JPY Daily OutlookDaily Pivots: (S1) 136.20; (P) 139.70; (R1) 141.63; Intraday bias in GBP/JPY remains neutral for the moment. Rebound from 128.86 is seen as a corrective move. On the downside,...

The financial markets open the week quietly with Japan on holiday. The currencies markets are generally staying in Friday's range except notable weakness in New Zealand dollar. Kiwi has been under...

Sentiments were generally positive last week with US stock indices making new record highs. FTSE also extended the post Brexit rally even though it's halted by BoE's inaction. Overall, confidence in...

Risk appetite continued overnight with US equities extending the record run. DJIA rose 134.29 pts or 0.73% to close at 18506.41 while S&P 500 rose 11.32 pts, or 0.53% to close at 2163.75. Both...

GBP/JPY Daily OutlookDaily Pivots: (S1) 136.31; (P) 137.91; (R1) 138.93; The rebound form 128.86 short term bottom is still in progress. Intraday bias is mildly on the upside for 145.38 support...