ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 159.80; (P) 160.35; (R1) 161.07; The break of 159.46 minor support suggests that corrective rise from 154.70 has completed at 164.09 already. Intraday bias is...

Dollar tumbles overnight while US equities strengthened as FOMC pared outlook for rate hike this year. DJIA extended recent rebound and closed up 74.23 pts, or 0.43%, at 17325.76. S&P 500 also...

GBP/JPY Daily OutlookDaily Pivots: (S1) 158.81; (P) 160.84; (R1) 162.16; Intraday bias in GBP/JPY remains neutral for the moment. Overall outlook is unchanged that rebound from 154.70 is viewed as a...

The financial markets are steady as eyes now turn to FOMC rate decision. DJIA recovered from initial dip overnight and closed slightly higher by 22.4 pts, or 0.13% at 17251.53. Asian markets are...

GBP/JPY Daily OutlookDaily Pivots: (S1) 162.23; (P) 163.10; (R1) 163.61; GBP/JPY's recovery lost momentum again and dips mildly. Intraday bias is turned neutral first. Overall outlook is unchanged...

Yen is mildly higher after BoJ left monetary policies unchanged as widely expected. Interest rate was held at -0.1% and the target of monetary base expansion was kept at JPY 80T per annum. The central...

GBP/JPY Daily OutlookDaily Pivots: (S1) 161.78; (P) 162.93; (R1) 164.84; Intraday bias in GBP/JPY remains mildly on the upside for 61.8% retracement of 175.01 to 154.70 at 167.25. At this point,...

While ECB meeting triggered much volatility in the financial markets, the underlying momentum in return of risk appetite continued. DJIA closed near to the weekly high at 17213.31, up the week by...

The financial markets open the week with positive sentiments. Asian indices were generally higher with Nikkei closed up 294.88 pts, or 1.74%, at 17233.75. European indices are also gaining in initial...

GBP/JPY Daily OutlookDaily Pivots: (S1) 160.60; (P) 161.74; (R1) 162.75; The corrective rebound from 154.70 is still in progress and would possibly target 61.8% retracement of 175.01 to 154.70 at...

After much ECB triggered volatility yesterday, Euro is maintaining gains against other major currency today. The common currency is possibly set to end the week as the strongest one. ECB announced...

New Zealand dollar tumbles sharply as RBNZ surprised markets by announcing 25bps cut in the Official Cash Rate today. Markets originally expected the central bank to hold and cut later in June. RBNZ...

GBP/JPY Daily OutlookDaily Pivots: (S1) 159.15; (P) 160.51; (R1) 161.43; Intraday bias in GBP/JPY is neutral for the moment and consolidation from 154.70 might continue. On the downside, below 158.54...

Asian markets are trading generally lower as dragged down by Chinese stocks. The China SSE (LON:SSE) composite is losing -2.9% or -84pts at the time of writing. It's noted that investors were...

GBP/JPY Daily OutlookDaily Pivots: (S1) 160.69; (P) 161.45; (R1) 162.55; The corrective pattern from 154.70 is still in progress and further rise could still be seen to 61.8% retracement of 175.01 to...

Aussie is so far the strongest major currency this month and hit an eight month high against dollar yesterday. While commodity currencies are generally lifted by return of risk appetite, the surge in...