ActionForex

EUR/JPY Daily OutlookDaily Pivots: (S1) 122.84; (P) 123.17; (R1) 123.74; Intraday bias in EUR/JPY stays neutral as more consolidation could be seen above 121.47 low. But outlook will remain bearish...

Aussie recovers strongly in Asian session after released of less dovish than expected RBA minutes. Meanwhile, Canadian dollar is also lifted as WTI crude oil extends recent rise and broke 48 handle....

GBP/JPY Daily OutlookDaily Pivots: (S1) 155.31; (P) 156.48; (R1) 157.07; The consolidation pattern from 151.64 is still in progress and could extend. Another rebound might be seen but upside should be...

The financial markets are quite steady as another week starts. China data released over the weekend were disappointing but reactions are muted. Industrial production rose 6.0% yoy in April versus...

Dollar surged broadly last week as hawkish comments from some Fed officials revived talks of rate hike in June. The greenback was further supported by some positive economic data including retail...

GBP/JPY Daily OutlookDaily Pivots: (S1) 156.04; (P) 157.00; (R1) 157.61; The consolidation pattern from 151.64 is still in progress and could extend. Another rebound might be seen but upside should...

Dollar is mildly higher today but would probably end the week mixed. Kansas City Fed president Esther George said yesterday that she supports "a gradual adjustment of short-term interest rates toward...

GBP/JPY Daily OutlookDaily Pivots: (S1) 156.04; (P) 157.00; (R1) 157.61; The consolidation pattern from 151.64 is still in progress and could extend. Another rebound might be seen but upside should be...

Risk aversion came back overnight with DJIA dropping -217.23 pts, or -1.21% to close at 17711.12, revising this week's gain. S&P 500 also dropped -19.93 pts or -0.96% to close at 2064.46. Asian...

GBP/JPY Daily OutlookDaily Pivots: (S1) 156.55; (P) 157.23; (R1) 158.48; The consolidation pattern from 151.64 is still in progress and could extend. Another rebound might be seen but upside should...

US equities staged a strong rebound overnight with the best daily performance since March. DJIA jumped 222.44 pts, or 1.26%, to close at 17928.35. S&P 500 also rose 25.7 pts, or 1.25% to close at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.71; (P) 155.57 (R1) 156.89; GBP/JPY's breach of 156.64 minor resistance suggests that down trend is not ready to resume yet and the consolidation from...

Risk markets dip mildly this week so far but losses are so far limited. DJIA closed slightly lower by -34.82 pts, or -0.2%, at 17705.91. S&P 500, on the other hand, rose 1.55 pts, or 0.08%, to...

Weak trade data from China drags down the Shanghai Composite as the week starts. But markets were pretty steady elsewhere. China trade surplus widened to CNY 298b, USD 45.6b in April, versus...

Dollar surged broadly last week after some Fed officials raised the point that a rate hike in June is an "option". Friday's disappointing non-farm payroll number triggered a knee jerk selloff in the...

GBP/JPY Weekly OutlookGBP/JPY's fall from 162.80 continued last week even though downside momentum was unconvincing. Deeper decline is expected this week for retesting 151.64 first. Break will extend...