ActionForex

Dollar remains firm as the financial markets start a new week quietly. The greenback was boosted last week by strong employment that lifted that chance of December rate hike. San Francisco Fed...

Following on the more hawkish than expected FOMC statement in the prior week, the all-round positive non-farm payroll report released on Friday pushed expectation of a December rate hike by Fed to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.16; (P) 185.92; (R1) 186.89; Outlook in GBP/JPY is unchanged. Price action from 180.36 is viewed as a consolidation pattern and further rise could be seen....

Dollar stays firm and remain one of the strongest major currencies as markets are awaiting employment data from US today. Stocks retreated mildly but both DJIA and S&P 500 stayed well inside...

GBP/JPY Daily OutlookDaily Pivots: (S1) 186.54; (P) 186.92; (R1) 187.37; Outlook in GBP/JPY is unchanged. Price action from 180.36 is viewed as a consolidation pattern and further rise could be seen....

Dollar was supported by job data and Fed chair Yellen's comment and remains firm today. As Yellen testified before the House Committee, she expressed confidence over US economic developments....

GBP/JPY Daily OutlookDaily Pivots: (S1) 186.09; (P) 186.48; (R1) 187.11; Outlook in GBP/JPY is unchanged. Price action from 180.36 is viewed as a consolidation pattern and further rise could be seen....

New Zealand dollar is under some pressure today after worse than expected job data. The job market contracted -0.4% qoq in Q3 versus consensus of 0.4% qoq. And, that's the first contraction in three...

Aussie recovered today after RBA left interest rate unchanged a acknowledged improved outlook. The cash rate was held unchanged at 2.00%. The central bank appeared less concerned over the global...

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.70; (P) 185.70; (R1) 187.12; Outlook in GBP/JPY is unchanged. Price action from 180.36 is viewed as a consolidation pattern and further rise could be seen....

Asian markets open generally lower following weak economic data from China. Released over the weekend, the official China PMI manufacturing was unchanged at 49.8 in October, below expectation of 50.0....

Dollar was boosted by the more hawkish than expected FOMC statement. Weaker than expected GDP from US limited dollar's rally. And the greenback lost momentum towards the end of the week as dollar...

Some volatility is seen in the Japanese yen in Asian session today but it remains stuck this week's range. BoJ kept monetary policies unchanged today despite some speculations of additional stimulus....

Dollar surged sharply as FOMC kept overnight federal funds rate unchanged at 0-0.25% but signaled the possibility of a December rate hike. Dollar index jumped to as high as 97.81 comparing to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 185.30; (P) 185.68; (R1) 186.22; As noted before, price actions from 180.36 are viewed as a consolidation pattern. Choppy recovery from 180.64 is viewed as the...

Australian dollar drops sharply in Asian session after release of consumer inflation data. Headline CPI rose 0.5% qoq, 1.5% yoy in Q3, below expectation of 0.7% qoq, 1.8% yoy. The year-over-year rate...