ActionForex

Asian markets opened the day mildly lower and stays soft after China trade data. Trade surplus widened to USD 60.3b in September, much larger than expectation of USD 46.9b. Exports dropped for the...

Commodity currencies staged a strong comeback last week and stocks extended recent rebound. DJIA closed the week at 17084.49, up 612.12 pts. S&P 500 closed at 2014.89, up 142.98 pts. Commodities...

Dollar is trading with a soft tone as markets start the week quietly. Fed vice chair Stanley Fischer said over the week end that its "an expectation" that Fed will hike interest rate this year, "not a...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.27; (P) 183.76; (R1) 184.53; Intraday bias in GBP/JPY stays neutral for the moment. On the downside, break of 180.36 support will resume the whole fall...

Dollar stays soft as the markets perceived the tone of the FOMC minutes released overnight pointed to risk of further delay in rate hike. In particular, the minutes noted that "participants...

GBP/JPY Daily OutlookDaily Pivots: (S1) 182.85; (P) 183.44; (R1) 184.39 Intraday bias in GBP/JPY stays neutral for the moment. On the downside, break of 180.36 support will resume the whole fall from...

BoE monetary policy decisions and FOMC minutes are the two main focuses today. BoE is widely expected to keep interest rate unchanged at 0.50% and asset purchase target at GBP 375b. A major focus is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 182.25; (P) 182.75; (R1) 183.55 Intraday bias in GBP/JPY stays neutral for the moment. On the downside, break of 180.36 support will resume the whole fall from...

US equities closed mixed overnight as this week's strong rebound is starting to lose momentum. DJIA closed 13.76 pts, or 0.08%, higher at 16790.19. S&P 500 dropped -7.13 pts or -0.36% to close at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 181.78; (P) 182.48; (R1) 183.12 Intraday bias in GBP/JPY stays neutral for the moment. On the downside, break of 180.36 support will resume the whole fall from...

Australian dollar rises mildly today as RBA kept the cash rate unchanged at 2.00% in October. The accompanying statement contained few changes, suggesting that policymakers' view on the economic...

GBP/JPY Daily OutlookDaily Pivots: (S1) 180.83; (P) 181.70; (R1) 182.77 Intraday bias in GBP/JPY stays neutral for the moment. On the downside, break of 180.36 support will resume the whole fall from...

Dollar open the week mildly lower as there is some fresh selling in response to last week's weak employment data. But weakness is still limited except versus Canadian dollar. Some analysts noted that...

It was another disappointing week for dollar bulls with the disappointment from non-farm payroll report. However, it wasn't exactly the best kind of week for dollar bear neither. Weakness in the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 180.97; (P) 181.50; (R1) 181.93; Intraday bias in GBP/JPY remains mildly on the downside for 180.36 low first. Break will confirm resumption of whole fall from...

Dollar continues to stay in tight range against most major currencies as traders await employment report from US. Non-farm payroll is expected to show 200k growth in September. Unemployment rate is...