ActionForex

Dollar is mildly soft as markets start another week of holidays. The economic calendar is rather light this week. Released today, Japan industrial production dropped -1.0% mom in November, retail...

GBP/JPY Daily OutlookDaily Pivots: (S1) 178.95; (P) 179.45; (R1) 179.95; A temporary low is in place at 178.95 and intraday bias is turned neutral for some consolidations. But upside of recovery...

GBP/JPY Daily OutlookDaily Pivots: (S1) 178.79; (P) 179.70; (R1) 180.38; GBP/JPY's fall is still in progress and intraday bias remains on the downside. As noted before, the fall from 195.86 has just...

Trading in the forex markets remains rather quiet in holiday shortened week. The most notable move is seen in Sterling which is under much selling pressure this week. Aussie and Kiwi are also broadly...

GBP/JPY Daily OutlookDaily Pivots: (S1) 179.83; (P) 180.52; (R1) 181.10; The breach of 180.36 suggests that whole decline from 195.86 is resuming. Intraday bias stays on the downside for 174.86 key...

The financial markets are generally steady this week. Recovery is seen in commodity currencies but strength is relatively limited. Dollar index pared back some of last week's gain and is trading at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 179.45; (P) 181.66; (R1) 182.78; GBP/JPY's fall from 188.79 is still in progress and intraday bias remains on the downside. As noted before, consolidation...

The financial markets are relatively steady as the holiday shortened week starts. Nikkei was sold off deeper in early trading in reaction to the selloff in US stocks last Friday. But sentiments...

GBP/JPY Daily OutlookDaily Pivots: (S1) 182.10; (P) 182.86; (R1) 183.36; GBP/JPY's fall from 188.79 is still in progress and intraday bias remains on the downside. As noted before, consolidation...

Much volatility is seen in the Japanese yen as BOJ surprised the market by announcing to increase purchase of ETFs in December. Voting 6-3, the central bank will purchase ETFs at an annual pace of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.32; (P) 183.26; (R1) 183.96; GBP/JPY's fall from 188.79 is still in progress and intraday bias remains on the downside. As noted before, consolidation...

The financial markets' general responses to Fed's rate hike overnight were positive. European indices are trading sharply higher initial trading, following 303 pts, or 1.6% rally in Nikkei in Asia....

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.32; (P) 183.26; (R1) 183.96; GBP/JPY's fall from 188.79 is still in progress and intraday bias remains on the downside. As noted before, consolidation...

US equities closed higher overnight while dollar also rebounded as markets are awaiting the highly anticipated FOMC rate decision. DJIA rose 156.41 pts, or 0.90% to close at 17524.91 while S&P 500...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.37; (P) 184.21; (R1) 184.86; GBP/JPY's fall from 188.79 is still in progress and intraday bias remains on the downside. As noted before, consolidation...

Australia dollar stays in tight range against the greenback today as RBA minutes suggested that the central bank is in no hurry to cut interest rates. RBA noted that "recent domestic data had...