ActionForex

Aussie recovered today after RBA stood pat and remained neutral. Cash rate was left unchanged at 2%, after cutting it by -25 bps a month ago. Policymakers refrained from giving forward guidance on...

GBP/JPY Daily OutlookDaily Pivots: (S1) 188.91; (P) 189.45; (R1) 190.22; Further rise is still expected in GBP/JPY as long as 187.78 support intact. Current rally, as part of the larger up trend,...

Euro's recovery seemed to have completed as the common currency weakens generally today on Greek impasse. European commission president Jean-Claude Juncker warned over the weekend that a Greek exit...

The greenback strengthened further last week and stayed firm to close in spite of mild retreat. Dollar continued to receive support from Fed officials whose comment affirmed a rate hike one way or the...

Yen recovers mildly after suffering steep selloff against dollar today. Released from Japan, national CPI core came in at 0.3% yoy in April, slightly higher than expectation of 0.2% yoy. That was...

GBP/JPY Daily OutlookDaily Pivots: (S1) 189.29; (P) 189.81; (R1) 190.41; GBP/JPY's rally resumes after brief consolidation and intraday bias is back on the upside. Current up trend should now target...

US equities staged a strong rebound overnight, in particular, with NASDAQ closing at new record high of 5106.56, up 73.84 pts, or 1.47%. DJIA also closed up 121.45 pts, or 0.67% at 18162.99 after...

GBP/JPY Daily OutlookDaily Pivots: (S1) 188.28; (P) 188.97; (R1) 190.06; Intraday bias in GBP/JPY remains neutral for the moment. Further rally is expected as long as 185.97 support holds. Above...

US equities tumbled sharply while dollar extended recent rise overnight. DJIA dropped -190.48 pts, or -1.04%, to close at 10841.54 after breaching 18000 handle briefly. S&P 500 lost -21.86 pts, or...

GBP/JPY Daily OutlookDaily Pivots: (S1) 187.68; (P) 188.13; (R1) 188.49; Intraday bias in GBP/JPY remains neutral for the moment. Further rally is expected as long as 185.97 support holds. Above...

Dollar is back from holiday trading broadly firmer. The dollar index is trading above 96.60 at the time of writing and the technical development affirmed that recent pull back is finished. Further...

Dollar staged a comeback last week as boosted by stronger than expected core inflation reading as well as Fed chair Janet Yellen's speech. The 0.3% mom rise in core CPI in May was the strongest gain...

Yen recovers mildly today after BoJ left monetary policies unchanged and offered a slightly more upbeat view of the economy. The central bank held the annual pace of monetary base expansion at JPY 80T...

GBP/JPY Daily OutlookDaily Pivots: (S1) 187.48; (P) 188.04; (R1) 189.00; Intraday bias in GBP/JPY remains neutral for consolidations below 188.60 temporary top. Downside should be contained by 184.45...

Dollar's recovery lost some momentum after dovish FOMC minutes but remains in tight range in Asian session. The minutes for April meeting noted that many policy makers "thought it unlikely that the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 186.07; (P) 187.01; (R1) 188.09; Intraday bias in GBP/JPY remains neutral for consolidations below 188.60 temporary top. Downside should be contained by 184.45...