ActionForex

Dollar stays firm in Asian session while stocks are under pressure as markets awaits employment report from US. Economists expect non-farm payroll to show 206k growth in jobs in April. Unemployment...

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.18; (P) 155.17; (R1) 155.93; GBP/JPY continues to lose downside momentum but intraday bias stays on the downside with 156.64 minor resistance intact, for...

Commodity currencies recover mildly today as stock markets stabilized. While Japan market is still on holiday, other Asian markets pared back much of initial losses. Aussie is also supported by better...

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.18; (P) 155.17; (R1) 155.93; Intraday bias in GBP/JPY remains on the downside for 151.64 low. The larger decline from 195.86 could be resuming and break of...

Dollar rebounded strongly overnight on comments of Fed officials. Atlanta Fed president Dennis Lockhart called June rate hike "a real option". And, two rate hikes this year "are certainly possible" as...

GBP/JPY Daily OutlookDaily Pivots: (S1) 155.10; (P) 155.88; (R1) 156.90; Intraday bias in GBP/JPY remains on the downside for 151.64 low. The larger decline from 195.86 could be resuming and break of...

Australian dollar tumbles broadly today after RBA surprised the markets by cutting the cash rate by 25bps to record low of 1.75%. The central bank noted in the statement that "inflation has been quite...

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.33; (P) 156.19; (R1) 157.14; Intraday bias in GBP/JPY remains on the downside for 151.64 low. The larger decline from 195.86 could be resuming and break of...

Japanese stocks lead Asian market lower as May starts. Nikkei is trading down -588 pts, or -3.53% and is back pressing 16000 handle at the time of writing. The surge in Yen continues as the Japanese...

Yen surged broadly and strongly last week after BoJ surprised the markets by standing pat. On the other hand, dollar ended as the second weakest major currency as FOMC left no hints on June hint in...

US equities closed sharply lower overnight as weighed down by selloff in Apple shares (NASDAQ:AAPL), weak economic data and lack of fresh stimulus from Japan's BoJ. DJIA closed down -210.79 pts, or...

GBP/JPY Daily OutlookDaily Pivots: (S1) 161.45; (P) 162.12; (R1) 162.72; GBP/JPY's sharp fall and break of 158.36 suggests that rebound from 151.64 is completed. With 164.09 resistance intact, the...

Yen jumps today after BoJ kept monetary policies unchanged. Interest was held at -0.1% while target of annual monetary base expansion was maintained at JPY 80T. Meanwhile, BoJ created a JPY 300b loan...

GBP/JPY Daily OutlookDaily Pivots: (S1) 160.92; (P) 161.81; (R1) 163.16; Intraday bias in GBP/JPY remains on the upside for 154.09 resistance first. Break of 55 days EMA and bullish convergence...

Aussie tumbles sharply in Asian session after much weaker than expected inflation data. Headline CPI dropped -0.2% qoq in Q1 versus expectation of 0.2% qoq rise. Annually, CPI slowed to 1.3% yoy, down...

GBP/JPY Daily OutlookDaily Pivots: (S1) 160.11; (P) 160.93; (R1) 161.85; Intraday bias in GBP/JPY remains on the upside for 154.09 resistance first. Break of 55 days EMA and bullish convergence...