ActionForex

Dollar tumbled broadly after FOMC kept interest rate unchanged last week and sent a more dovish than expected message. However, the weakness in the greenback was relatively limited and short lived....

Asian markets opened the week lower as concern over global slow down. While Japan is on holiday today, other Asian indices are generally lower. Crude oil stays soft below 45 after Friday's dip and...

Dollar tumbles broadly as FOMC decides to keep the target range for the federal funds rate between 0-0.25% and refrained from a rate hike. The decision was made with 9-1 vote, with Richmond Fed...

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.94; (P) 186.06; (R1) 187.89; The break of 187.36 minor resistance suggests that rebound from 180.36 is resuming. More importantly, the development argues...

The dollar is mildly lower as markets await the highly anticipated FOMC rate decision today. As of yesterday, Fed fund futures pointed to 23% chance of a hike to 0.50% in this meeting and 39% chance...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.93; (P) 185.01; (R1) 185.82; Intraday bias in GBP/JPY remains neutral with focus on 187.36 resistance. Firm break there will argue that fall from 195.86...

While markets are preparing cautious for the FOMC rate decision on Thursday, US equities staged a rally overnight. DJIA rose 228.89 pts, or 1.4% to close at 16599.85 after breaching 16600 handle. The...

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.49; (P) 185.56; (R1) 186.51; Intraday bias in GBP/JPY remains neutral with focus on 187.36 resistance. Firm break there will argue that fall from 195.86 has...

Yen stays in tight range in Asian session after BoJ stood pat on monetary policies. Interest rate was kept near zero. The central bank also maintained the annual target of monetary pace expansion at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 185.50; (P) 186.18; (R1) 186.66; Intraday bias in GBP/JPY remains neutral with focus on 187.36 resistance. Firm break there will argue that fall from 195.86 has...

Dollar ended the week as the second weakest major currencies as markets are preparing for the highly anticipated FOMC meeting this week. After all the talks and speculations, it's still a close call...

Asian markets open mildly lower in response to a weak batch of data from China released during the weekend. But weakness in stocks is limited as markets main focus is on FOMC rate decision later this...

US equities closed higher overnight with DJIA gained 76.83 pts or 0.47% at 16330.40 while S&P 500 rose 10.52 pts, or 0.53% to close at 1952.29. DJIA seemed to have some difficulty in sustaining...

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.29; (P) 185.35; (R1) 186.29; Intraday bias in GBP/JPY remains neutral for consolidation above 180.36 temporary low. Further decline is expected as long as...

New Zealand dollar tumbles after RBNZ cut the official cash rate by -25bps to 2.75% as widely expected. More importantly, the central bank maintained a dovish stance and signalled in the statement...

Stock markets staged a strong rebound on optimism that weak China data would prompt the the government to provide more stimulus to prevent a hard landing. DJIA rose 390 pts, or 2.42% to close at...