ActionForex

US stocks were lifted by FOMC minutes released overnight which indicated Fed's confidence in hiking interest rates in December, but dollar was mixed. DJIA closed up 247.66 pts, or 1.42%, at 17737.16...

GBP/JPY Daily OutlookDaily Pivots: (S1) 187.07; (P) 187.53; (R1) 188.20; No change in GBP/JPY's outlook. Price action from 180.36 is viewed as a consolidation pattern with choppy rise from 180.64 as...

Dollar stays firm against Euro, Swiss Franc and, to a lesser extent Yen, in Asian session today. Trading in the currency markets have been relatively quiet so far this week. A major focus today is the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 186.45; (P) 186.74; (R1) 187.08; No change in GBP/JPY's outlook. Price action from 180.36 is viewed as a consolidation pattern with choppy rise from 180.64 as...

US equities rebounded strongly overnight with DJIA rose 237.77 pts, or 1.38% to close at 17483.01, as risk aversion subsided. But Euro was seen under some renewed selling pressure. ECB vice president...

GBP/JPY Daily OutlookDaily Pivots: (S1) 186.45; (P) 186.74; (R1) 187.08; No change in GBP/JPY's outlook. Price action from 180.36 is viewed as a consolidation pattern with choppy rise from 180.64 as...

The Japanese yen surges in Asian session as market turned into risk-off mode on terror attacks in Paris . Meanwhile, Euro is also trading broadly lower. In particular, EUR/JPY dipped to as low as...

GBP and AUD Ended Higher in a Week of Consolidative Trading in FXMovements in the forex markets were relatively limited last week even though broad based strength was seen in both Sterling and Aussie....

GBP/JPY Daily OutlookDaily Pivots: (S1) 186.35; (P) 186.93; (R1) 187.32; No change in GBP/JPY's outlook. Price action from 180.36 is viewed as a consolidation pattern. Strong resistance is expected at...

US equities tumbled sharply overnight as investors are getting more convinced that Fed would lift interest rates in December. DJIA closed down -254.15 pts or -1.44% at 1.7448.07 while S&P 500...

GBP/JPY Daily OutlookDaily Pivots: (S1) 186.20; (P) 186.62; (R1) 187.30; Price action from 180.36 is viewed as a consolidation pattern. Strong resistance is expected at 188.28 to limit upside to...

Aussie jumps sharply in Asian session in response to stellar employment report. The job market grew 58.6k in October, almost four times of expectation of 15.2k. That's also the highest number since...

GBP/JPY Daily OutlookDaily Pivots: (S1) 185.88; (P) 186.19; (R1) 186.50; Price action from 180.36 is viewed as a consolidation pattern. Strong resistance is expected at 188.28 to limit upside to...

Focus is turning to UK job data in most likely another day of quiet trading as France, US and Canada are on holiday. Jobless claims in UK are expected to rose 1.6k in October while unemployment rate...

GBP/JPY Daily OutlookDaily Pivots: (S1) 185.47; (P) 186.03; (R1) 186.70; Outlook in GBP/JPY is unchanged. Price action from 180.36 is viewed as a consolidation pattern. Strong resistance is expected...

Dollar continues to retreat overnight while US stocks also pulled back mildly. The dollar index, nonetheless, is still trading firm at around 99 comparing to last week's high of 99.34. DJIA dropped...