ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 161.58; (P) 162.23; (R1) 163.28; GBP/JPY's rise continues today and the break of 162.80 resistance now argues that a medium term bottom is formed at 151.64 on...

Yen continues to trade broadly lower and the weakness is lifting Nikkei mildly. At the time of writing, USD/JPY is trading steadily above 111 handle while Nikkei is up 0.5%. Expectation of rate hike...

Dollar opened the week generally higher, except versus Sterling, as boosted by more hawkish comments from Fed officials. Fed chair Janet Yellen said last Friday that "it's appropriate ... for the Fed...

The forex markets are relatively steady today as with mildly weakness seen in commodity currencies. In particular, Canadian dollar pares back some of this week's gain as WTI crude oil fails to sustain...

GBP/JPY Daily OutlookDaily Pivots: (S1) 160.75; (P) 161.63; (R1) 162.84; With 162.80 resistance intact, outlook in GBP/JPY stays bearish. The larger down trend is expected to resume later. Below...

Dollar continues to pare recent gains boosted by Fed hike expectations, except versus Euro, Aussie and Kiwi. New York Fed economists wrote in a blog post published yesterday noting that Fed's delayed...

GBP/JPY Daily OutlookDaily Pivots: (S1) 158.99; (P) 160.01; (R1) 161.98; With 162.80 resistance intact, outlook in GBP/JPY stays bearish. The larger down trend is expected to resume later. Break of...

While markets are adding to speculations of Fed rate hike in June or July, US equities staged a strong rally overnight led by tech stocks. DJIA closed up 213.12 pts, or 1.22%, at 17706.05. S&P 500...

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.55; (P) 158.68; (R1) 159.32; With 162.80 resistance intact, outlook in GBP/JPY stays bearish. The larger down trend is expected to resume later. Break of...

Dollar stays firm in Asian session as supported by comments by Fed officials. Philadelphia Fed president Patrick Harker joined the chorus of hawkish Fedspeaks. He said that "I can easily see the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 159.06; (P) 160.06; (R1) 160.60; With 162.80 resistance intact, outlook in GBP/JPY stays bearish. That larger down trend is expected to resume later. Break of...

The financial markets open the week mixed so far. Japanese Nikkei is trading lower by more than -1.4% as Yen rebounds. But weakness is not seen in other Asian markets. WTI crude oil is still searching...

GBP/JPY Daily OutlookDaily Pivots: (S1) 159.98; (P) 160.80; (R1) 161.48; GBP/JPY's rebound extends but stays below 162.80 resistance. Outlook remains bearish and the larger down trend is still...

Fed rate speculations sent US equities lower over night with DJIA losing -91.22 pts, or -0.52% to close at 17435.4. The close below 17435.4 key near term support carries bearish implications and we...

Dollar jumped broadly overnight as the modestly hawkish FOMC minutes spurred hope of rate hike in June. Indeed, fed fund futures are now pricing in 34% chance of a June hike, sharply higher than 4% at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 156.86; (P) 157.91; (R1) 158.92; The consolidation pattern from 151.64 is still in progress and could extend. Further rebound might be seen but upside should...