ActionForex

Dollar weakened mildly overnight on comments from a Fed official as well as disappointment from manufacturing data. The dollar index is trading back below 100 handle for the moment but stays well...

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.57; (P) 185.11; (R1) 185.88; Intraday bias in GBP/JPY is turned neutral for the moment. But outlook is unchanged and stays cautiously bearish....

Aussie rebounds strongly today after RBA left the cash rate unchanged at 2.00% as widely expected. The central bank maintained a mild easing bias with a neutral stance. That is, "outlook for inflation...

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.14; (P) 184.72; (R1) 185.20; Intraday bias in GBP/JPY remains on the downside for the moment. Consolidation pattern from 180.36 has completed at 188.79....

Dollar is generally firm as the financial markets enter into a busy week that's full of market moving events. Those events include RBA, BoC and most importantly ECB meeting. Also, a number of...

The Japanese yen remains steady in Asian session after a batch of mixed economic data. National CPI core stayed unchanged at -0.1% mom yoy in October. However, Tokyo CPI core improved more than...

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.80; (P) 185.30; (R1) 186.10; . At this point, we're favoring the case that consolidation pattern from 180.36 has completed at 188.79. Deeper fall is...

Euro dipped overnight on continuous talk of additional stimulus by ECB in December and EUR/USD reached a seven month low. Swiss Franc was also dragged down with USD/CHF breaching 1.0239 key resistance...

Aussie extends this week's recovery as RBA governor Glenn Stevens hinted that the central bank will stand pat in December. Stevens said yesterday that "we've got Christmas. We should just chill out,...

Dollar fails to ride on initial momentum and soften mildly in Asian session today. Fed chair Janet Yellen talked about the tightening path in a letter to US consumer advocate Ralph Nader. She noted...

GBP/JPY Daily OutlookDaily Pivots: (S1) 185.25; (P) 186.11; (R1) 186.58; The break of 185/98 support argues that the consolidation pattern from 180.36 has completed at 188.79. Intraday bias is turned...

GBP/JPY Daily OutlookDaily Pivots: (S1) 185.96; (P) 187.01; (R1) 187.58; Intraday bias in GBP/JPY remains neutral with focus back to 185.98 minor support. Break will revive the case that price...

The impact from Paris terror attacks to the global financial markets was rather short lived. Stocks staged strong rebound after initial dip last week. Meanwhile, policy divergence was back to be the...

Dollar open the week mildly higher as supported by rate hike expectations. San Francisco Fed president John Williams said on Saturday that there is a "strong case" for rate hike. And recent "data have...

GBP/JPY Daily OutlookDaily Pivots: (S1) 187.38; (P) 188.09; (R1) 188.55; Intraday bias in GBP/JPY remains on the upside for the moment. Rebound from 180.36 is resuming and rally could be seen back...

Dollar remains soft in Asian session and is mixed over the week. The greenback managed to hold on to some gains against Euro, Yen and Swiss Franc but is in loss against Sterling and commodity...