ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 187.30; (P) 187.78; (R1) 188.27; Intraday bias in GBP/JPY remains neutral for consolidations below 188.60 temporary top. Downside should be contained by 184.45...

Euro is generally lower this week so far on renewed concern over Greece. In particular, there is some pressure after a European commission spokesman said that the summit in Latvia this week is...

Australian dollar and New Zealand dollar opened the week generally lower. RBA deputy governor Philip Lowe said in a forum that the central bank still has "scope to lower interest rates" if needed....

European majors were the generally strongest currencies last week. Euro was the strongest one as boosted by surging bond yields. In particular, some traders noted that yield gap between German Bunds...

US equities were boosted by the positive employment data overnight which indicate healthy momentum in the job market growth. Nonetheless, the weak inflation reading could hold Fed's hand on hiking...

GBP/JPY Daily OutlookDaily Pivots: (S1) 186.85; (P) 187.72; (R1) 188.43; A temporary top is in place at 188.57 and intraday bias is turned neutral first. Some consolidation would be seen but downside...

New Zealand dollar posted a sharp rebound in Asian session. Headline retail sales soared 2.7% qoq in Q1, much stronger than expectation of 1.6% qoq and was a acceleration from Q4's 1.9% qoq. That was...

GBP/JPY Daily OutlookDaily Pivots: (S1) 186.89; (P) 187.62; (R1) 188.54; GBP/JPY's rally is still in progress and reaches as high as 188.36 so far. Intraday bias remains on the upside for 189.70...

The theme in the forex markets remained unchanged this week, with strength in Sterling and weakness in Kiwi. Other major currencies are generally mixed with some limited softness in dollar. BoE...

GBP/JPY Daily OutlookDaily Pivots: (S1) 185.33; (P) 186.36; (R1) 188.15; GBP/JPY's rally continues to as high as 188.09 so far today. Intraday bias remains on the upside for 189.70 resistance. Break...

Sterling remains the strongest major currency this week as the post election rally continues. The pound also maintained momentum after the rather uneventful BoE rate decision yesterday. Some economic...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.78; (P) 184.90; (R1) 186.02; Intraday bias in GBP/JPY remains on the upside for the moment. Consolidation pattern from 189.70 has completed with three...

Asian markets open the week higher as lifted by news from China over the weekend. The PBoC lowered interest rates for the third time in six months. The one year lending rate was cut by 25bps to 5.1%...

Sterling ended last week as the strongest major currency as the Conservatives won 331 seats, more than 50% in the 650 seat parliament and secured a majority. The results were seen as a big surprise to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 181.36; (P) 182.17; (R1) 183.40; GBP/JPY's rally from 174.86 resumed by taking out 184.45 resistance. The firm break of 184.99 resistances also confirmed that...

Sterling soars on news that the Conservative Party is set to win 316 set in the 650 seats parliament based on exit poll. That's even more than the 306 seats it won back in 2010. The Labour Party...