ActionForex

US equities tumbled overnight as Fed chair Yellen warned that the "equity-market valuations at this point generally are quite high" and "there are potential dangers there". DJIA closed -86.22 pts, or...

GBP/JPY Daily OutlookDaily Pivots: (S1) 181.34; (P) 182.06; (R1) 182.67; Intraday bias in GBP/JPY remains neutral for the moment. As long as 180.64 minor support holds, further rise is expected. As...

New Zealand dollar tumbles in Asian session after weaker than expected employment data. Unemployment rate came in at 5.8% in Q1, unchanged from upwardly revised 5.8% in Q4. That's notably higher than...

GBP/JPY Daily OutlookDaily Pivots: (S1) 181.26; (P) 181.77; (R1) 182.15; Intraday bias in GBP/JPY remains neutral for the moment. As long as 180.64 minor support holds, further rise is expected. As...

RBA cut the cash rate by 25bps to new record low of 2.00% as widely expected. But Aussie recovered after the announcement on view that the current easing cycle has ended. The central bank said in the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 180.98; (P) 182.72; (R1) 183.68; Intraday bias in GBP/JPY remains neutral for the moment. As long as 180.64 minor support holds, further rise is expected. As...

Australian dollar is generally lower as the week starts on weaker than expected China data and expectations that for RBA rate cut tomorrow. The final reading of HSBC China manufacturing PMI came it at...

GBP/JPY Weekly OutlookGBP/JPY surged to as high as 184.45 last week before forming a temporary top there and retreated. Initial bias is neutral this week for consolidations first. As long as 180.64...

Euro and Swiss Franc ended the week as the strongest major currencies. Inflation data from Eurozone lessened the pressure on ECB to expand stimulus. Also, the markets seemed to be relatively...

Sterling is under some selling pressing after a batch of weak economic data. PMI manufacturing dropped sharply to 51.9 in April, comparing to prior month's 54.4 and expectation of rise to 54.6....

GBP/JPY Daily OutlookDaily Pivots: (S1) 182.53; (P) 183.32; (R1) 184.53; GBP/JPY's rise from 174.86 is still in progress and intraday bias remains on the upside. As noted before, the corrective...

Dollar's selloff accelerated overnight after disappointing Q1 GDP and the greenback stayed weak after FOMC statement. Fed kept policies unchanged as widely expected. Notably, in the statement, the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 181.21; (P) 181.80; (R1) 182.91; GBP/JPY's rebound from 174.86 is still in progress and intraday bias remains on the upside. As noted before, the corrective...

Dollar is set to remain the weakest major currency for the month as markets await key economic data and FOMC statement today. Q1 GDP report is expected to show growth slowed to 1.0%, comparing to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 180.57; (P) 181.07; (R1) 181.84; With 178/74 minor support intact, rebound from 174.68 is expected to extend higher. As noted before, the corrective pattern...

Sterling weakens broadly after disappointing data. Q1 GDP slowed to 0.3% qoq versus expectation of 0.5% qoq. That's also the slowest pace since Q4 of 2012. Also from UK, BBA mortgage approvals rose to...