ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 177.42; (P) 177.90; (R1) 178.26; GBP/JPY's fall resumed by taking out 177.13 and intraday bias on back on the downside for 175.49 support first. Break will...

US equities dropped for the third straight day overnight with intensifying selling pressure. DJIA closed 292.6 pts, or -1.62% down at 17718.54 and is head back to 17620.49 near term support. S&P...

GBP/JPY Daily OutlookDaily Pivots: (S1) 177.14; (P) 178.17; (R1) 178.84; Intraday bias in GBP/JPY stays neutral as consolidation from 177.13 continues. Deeper decline is expected as long as 181.44...

US equities retreated sharply over night after report of higher than expected consumer inflation data. Both DJIA and S&P 500 seemed to have faced strong resistance from historical highs this week....

GBP/JPY Daily OutlookDaily Pivots: (S1) 178.20; (P) 178.94; (R1) 179.73; Intraday bias in GBP/JPY stays neutral as consolidation from 177.13 continues. Deeper decline is expected as long as 181.44...

Dollar stays weak as retreat extends after Fed vice chair Stanley Fischer's comments. Fischer said that Fed's rate hike from the current historical low near zero "likely will be warranted before the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 178.25; (P) 179.17; (R1) 180.40; Intraday bias in GBP/JPY stays neutral as consolidation from 177.13 continues. Deeper decline is expected as long as 181.44...

The dollar is mildly softer as the week starts and markets are readjusting the expectation of the timing of the Fed's rate hike after last week's dovish FOMC statement. Asian equities are generally...

Dollar is set to close the week as the weakest major currency. While the greenback pared back much of the post FOMC losses, the recovery lost steam ahead of this week's highs. Dovish Chicago Fed...

GBP/JPY Daily OutlookDaily Pivots: (S1) 177.68; (P) 179.33; (R1) 181.51; The strong recovery from 177.1 3in GBP/JPY mixed up the near term outlook and turn bias neutral first. Above 181.44 will...

Dollar plunged while US equities soared after FOMC statement released overnight was seen as relatively dovish by the markets. The dollar index dived to as low as 96.62 as the greenback was sold off...

GBP/JPY Daily OutlookDaily Pivots: (S1) 179.07; (P) 179.63; (R1) 180.47; Intraday bias in GBP/JPY remains on the downside for 175.49 support. Break will extend the fall from 189.70 to 168.10 key...

The forex markets remained steady as markets await two key events of the week. The first one is BoE minutes to be released during European session. Markets expected the minutes to show unanimous...

GBP/JPY Daily OutlookDaily Pivots: (S1) 179.07; (P) 179.63; (R1) 180.47; Intraday bias in GBP/JPY remains on the downside for 175.49 support. Break will extend the fall from 189.70 to 168.10 key...

Yen remains steady after BoJ kept policies unchanged as widely expected. Interest rate was held near zero while the committee voted 8-1 to keep the size of annual asset purchase at JPY 80T. The...

GBP/JPY Daily OutlookDaily Pivots: (S1) 177.91; (P) 179.32; (R1) 180.43; Intraday bias in GBP/JPY remains on the downside for 175.49 support. Break will extend the fall from 189.70 to 168.10 key...