ActionForex

Euro and dollar are generally lower this week so far on dull holiday trading. Volatility would increase as US will be back from holiday today. Asian markets are mixed after release of a batch of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 179.56; (P) 181.45; (R1) 182.42; A temporary low is in place at GBP/JPY at 180.36 and intraday bias is turned neutral first. Some consolidations would be seen...

GBP/JPY Daily OutlookDaily Pivots: (S1) 179.56; (P) 181.45; (R1) 182.42; More..... Further fall is expected in GBP.JPY with 184.70 minor resistance intact. Next target is key support level at 174.86....

The forex markets opened the week in rather steady manner and major pairs and crosses are generally stuck in tight range. US and Canada are on holidays today and trading could remain subdued. Economic...

Focus Turns to Sterling Weakness and BoEDespite some mixed economic data, dollar ended the week as the second strongest major currency, next to yen. Markets seem now believe that barring further...

The dovish ECB press conference yesterday weakened the Euro as well as other European majors and set the stage for a dollar rally. The torch is now passed to employment report from US today. Non-farm...

GBP/JPY Daily OutlookDaily Pivots: (S1) 182.94; (P) 183.60; (R1) 184.73; More..... Focus in GBP/JPY is back to 61.8% retracement of 174.86 to 195.86 at 182.88. Sustained trading there is an early sign...

Australian dollar stays soft in Asian session and continues to struggle around 0.7 against the greenback. Trade deficit narrowed to AUD -2.46b in July, smaller than expectation of AUD -3.10b....

GBP/JPY Daily OutlookDaily Pivots: (S1) 181.39; (P) 183.81; (R1) 185.08; More..... Focus in GBP/JPY is back to 61.8% retracement of 174.86 to 195.86 at 182.88. Sustained trading there is an early sign...

US equities tumbled overnight with DJIA losing -469.68 pts, or -2.84% to close at 16058.35, after breaching 16000 handle. S&P 500 also dropped -58.33 pts, or -2.96%, to close at 1913.85. Asian...

GBP/JPY Daily OutlookDaily Pivots: (S1) 185.41; (P) 186.42; (R1) 186.99; Intraday bias in GBP/JPY stays neutral for the moment. Price actions from 195.86 are viewed as a consolidation pattern and...

Aussie stays steady in tight range against dollar after RBA kept cash rate unchanged at 2.00% as widely expected. The central bank maintained a neutral bias and noted that "further information on...

GBP/JPY Daily OutlookDaily Pivots: (S1) 185.97; (P) 186.58; (R1) 187.80; Intraday bias in GBP/JPY stays neutral for the moment. Price actions from 195.86 are viewed as a consolidation pattern and...

Asian markets open the week trading generally in red on revived talk of Fed rate hike. Nikkei is trading down -200 pts, or -1%, below 19000 handle at the time of writing. China stocks are also weighed...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.70; (P) 185.89; (R1) 187.63; Intraday bias in GBP/JPY remains neutral for more sideway consolidations. So far, price actions from 195.86 are viewed as a...

Wall Street seemed to have responded very well to China's stimulus measures. DJIA surged 619.07 pts, or 3.95%, to close at 16285.51. S&P 500 rose 72.9 pts, or 3.90% to close at 1940.51. That's the...