ActionForex

EUR/JPY Daily OutlookDaily Pivots: (S1) 138.14; (P) 138.50; (R1) 138.98; Further rise is still expected in EUR/JPY with 136.78 minor support holds. Rebound from 133.29 would target 141.04 resistance....

Dollar stays generally weak this week, except against Aussie and Yen, even though sentiments seemed to have stabilized. DJIA recovered from sharp early loss and closed nearly flat down -0.33 pts....

GBP/JPY Daily OutlookDaily Pivots: (S1) 194.20; (P) 194.59; (R1) 195.21; No change in GBP/JPY's outlook. Further rise cannot be ruled out. But at this point, we're holding on to the view that...

Asian markets are weighed down by intensifying worry over currency war. China devalued its currency again today by setting the daily midpoint reference to 6.3306 per dollar. Spot yuan dropped even...

GBP/JPY Daily OutlookDaily Pivots: (S1) 192.91; (P) 193.67; (R1) 195.05; GBP/JPY recovered ahead of 190.99 support and intraday bias is turned neutral first. Further rise cannot be ruled out. But at...

US equities staged a strong rebound overnight with DJIA closed up 241.79 pts, or 1.39% at 17615.17. The rebound put the index back above 55 weeks EMA and a key near term fibonacci level at 17397. As...

GBP/JPY Daily OutlookDaily Pivots: (S1) 191.69; (P) 192.71; (R1) 193.46; Intraday bias in GBP/JPY remains mildly on the downside for the moment. The rebound from 184.95 might have completed at 195.24...

Dollar continues to trade in mixed mode today, weakening mildly against euro and swiss franc but strengthened against others. We'd maintain that markets reactions showed traders are not too convinced...

The highly anticipated events of last week were somewhat disappointing. US delivered a solid non-farm payroll report but markets seemed to be unconvinced that was enough to secure a rate hike from Fed...

Dollar is trading in recent range against euro and sterling as focus turns to non-farm payroll report from US today. The greenback gained against swiss franc and yen this week and remains firm....

GBP/JPY Daily OutlookDaily Pivots: (S1) 193.62; (P) 194.42; (R1) 195.64; At this point, we're still treating rebound from 184.95 as part of a consolidation pattern from 195.86. Hence, we'll be...

Aussie is mildly lower against the greenback today after release of employment data. The job market grew 38.5k in July, much better than expectation of 13.9k. 12.4k full time jobs and 26.1k part time...

GBP/JPY Daily OutlookDaily Pivots: (S1) 192.79; (P) 193.51; (R1) 193.99; No change in GBP/JPY's outlook. We're viewing price actions from 195.86 as a sideway consolidation pattern. Thus, while...

Dollar surged overnight as Atlanta Fed Dennis Lockhart expressed his support for rate hike in September. Lockhart is seen by some analysts as neutral to slightly dovish, and hence his comments were...

GBP/JPY Daily OutlookDaily Pivots: (S1) 192.79; (P) 193.51; (R1) 193.99; No change in GBP/JPY's outlook. We're viewing price actions from 195.86 as a sideway consolidation pattern. Thus, while...

Australian dollar recovers as RBA left the cash rate unchanged at 2.00% as expected and maintained a neutral stance. The central bank noted that "further information on economic and financial...