ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 185.35; (P) 185.82; (R1) 186.40; No change in GBP/JPY's outlook as sideway consolidation from 180.36 continues. Further recovery might be seen. But strong...

Asian markets are generally higher as the week opened, in response to the rate cut by China's central bank on Friday. Nonetheless, there is no follow through buying seen after initial jump. In the...

Dollar surged broadly last week as driven up by dovish actions from Eurozone's ECB, Canada's BoC and China's PBoC. The dollar index is building up momentum for a take on 100 handle again. Euro ended...

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.86; (P) 185.38; (R1) 186.27; Outlook in GBP/JPY is unchanged. Sideway consolidation from 180.36 is still in progress and further recovery might be seen....

Euro was sold off deeply yesterday on hint of further easing by ECB and stays weak in Asian session. The breach of 1.1086 support suggests that more weakness would be seen in EUR/USD in near term. The...

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.57; (P) 185.06; (R1) 185.40; Outlook in GBP/JPY is unchanged. Sideway consolidation from 180.36 is still in progress and further recovery might be seen....

The Japanese yen stays mildly soft in Asian session after data showed trade deficit came in at JPY -0.36T in September, largely unchanged from prior month's JPY -0.37T. But that was larger than...

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.05; (P) 184.56; (R1) 185.31; Outlook in GBP/JPY is unchanged. Sideway consolidation from 180.36 is still in progress and further recovery might be seen. But...

Australian dollar is steady in range in Asian session as RBA meeting minutes suggested that the central bank is no rush to cut interest rate again. The minutes for October 6 meeting noted that the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.79; (P) 184.25; (R1) 184.87; Outlook in GBP/JPY is unchanged. Sideway consolidation from 180.36 is still in progress and further recovery might be seen....

Speculations on interest rates and monetary policy were the main drivers in the forex markets last week. Aussie and Euro were the two weakest major currencies. There were talk that RBA would...

Asian markets open the week mildly lower and stay soft after release of a batch of China data. The forex markets are generally staying in tight range. Q3 GDP growth in China slowed to 6.9% yoy, below...

GBP/JPY Daily OutlookDaily Pivots: (S1) 182.70; (P) 183.51; (R1) 184.71; Intraday bias in GBP/JPY is neutral for the moment. Price actions from 180.36 is viewed as a consolidation pattern. Break of...

Dollar remains generally weak as economic data continues to raise doubt on the case for Fed to hike interest rate by the end of the year. In particular, markets noted that there were two Fed governors...

GBP/JPY Daily OutlookDaily Pivots: (S1) 181.45; (P) 182.89; (R1) 183.97 Intraday bias in GBP/JPY is turned neutral for the moment. Price actions from 180.36 is viewed as a consolidation pattern. Break...

Asian equities open lower as the rebound in US stocks lost momentum. DJIA closed slightly lower by -49.97 pts, or -0.29%, at 17081.89. S&P 500 closed down -13.77 pts, or -0.68%, at 2003.69. Nikkei...