ActionForex

Asian markets open the week generally lower as worry over China's economy continues. The MSCI Asia-Pacific ex-Japan index dropped as much as -1% and is heading back to this year's low made back in...

Dollar was mixed last week as traders sharply pushed back expectations of a September rate hike by Fed. By the end of the week, the markets are pricing in only 28% chance of September hike, comparing...

Asian markets are stuck in tight range after US stocks closed nearly flat overnight. Yen is mildly higher after a batch of weak data from Japan. National CPI rose slightly by 0.1% yoy in June versus...

Reactions to the FOMC statement overnight were relatively muted. Fed sounded upbeat on the economy but left little clue on whether it will raise interest rate in September. The statement noted that...

GBP/JPY Daily OutlookDaily Pivots: (S1) 192.58; (P) 193.37; (R1) 194.19; Intraday bias in GBP/JPY remains neutral for the moment. We're viewing price actions from 195.86 as a sideway consolidation...

GBP/JPY Daily OutlookDaily Pivots: (S1) 191.80; (P) 192.51; (R1) 193.58; Intraday bias in GBP/JPY remains neutral for the moment. We're viewing price actions from 195.86 as a sideway consolidation...

The financial markets stabilized as focus now turns to FOMC announcement today. DJIA rebounded overnight and closed 189.68 pts, or 1.09% higher at 17630.27, back above 55 weeks EMA. S&P 500 also...

GBP/JPY Daily OutlookDaily Pivots: (S1) 191.09; (P) 191.64; (R1) 192.28; Intraday bias in GBP/JPY remains neutral for the moment. We're viewing price actions from 195.86 as a sideway consolidation...

Yen is mildly lower against other major currencies as Asian equities recovered from a three week low. This week's selloff as triggered by another rout in China seems to have temporarily stabilized....

Selloff in commodity currencies continued last week as Aussie and Canadian dollar tumbled broadly. New Zealand dollar, on the other hand, recovered after RBNZ's 25bps rate cut, which was less dovish...

Asian equities are generally lower in a new week, following last week's selloff in US. Sentiments are weighed down over slowdown in China's economy and investors are cautious ahead of FOMC meeting....

Asian equities are generally lower today on weak Chinese manufacturing data. Nikkei drops more than -120pts or -0.6% while HK HSI drops -245 pts, near to -1%. The newly renamed Caixin PMI fell -1.2...

New Zealand dollar recovers mildly today after RBNZ cut OCR by 25bps to 3.00%. Some analysts attributed the bounce to the perception that RBNZ wasn't as dovish as expected. A 25bps cut should be fully...

GBP/JPY Daily OutlookDaily Pivots: (S1) 192.23; (P) 193.04; (R1) 193.57; Intraday bias in GBP/JPY remains neutral for the moment. We're viewing price actions from 195.86 as a sideway consolidation...

Global equities tumbled on disappointing earning reports from US. DJIA closed down -181.12 pts, or -1.0% at 17919.29 while S&P 500 closed down -9.07 pts, or -0.43% at 2119.21. Asian equities...

GBP/JPY Daily OutlookDaily Pivots: (S1) 193.01; (P) 193.47; (R1) 193.91; More..... Intraday bias in GBP/JPY remains neutral for the moment. We're viewing price actions from 195.86 as a sideway...