ActionForex

The forex markets are relatively steady as the week starts. Major pairs and crosses are bounded in tight range as markets are getting cautious ahead of FOMC meeting. US dollar stays firm above 100...

Dollar retreated yesterday on profit taking after the dollar index hit 100 psychological level. Such move was then followed by strong rebound in equities. Dow Jones 30 closed 259.83 pts, or 1.47%...

New Zealand dollar recovers today after RBNZ left interest rate unchanged and indicated that it will stand pat till 2017. The RBNZ left the OCR unchanged at 3.5% in March and maintained a neutral bias...

GBP/JPY Daily OutlookDaily Pivots: (S1) 181.93; (P) 182.92; (R1) 183.50; GBP/JPY drew strong support from 55 days EMA and recovered. But it lacked follow through buying through 184.99 resistance. At...

Dollar extends recent rally while stocks tumbled sharply overnight as markets continued to build up expectations for Fed to drop the word "patient" in the FOMC meeting next week, after that March...

GBP/JPY Daily OutlookDaily Pivots: (S1) 181.97; (P) 182.78; (R1) 184.05; The strong recovery in GBP/JPY and break of 183.69 minor resistance dampened the bearish case. Intraday bias is back on the...

Dollar's rally continues after brief consolidations yesterday. The dollar index edged higher to 97.88 while USD/JPY also strengthens to 121.61, heading to 121.84 resistance. The greenback also stays...

GBP/JPY Daily OutlookDaily Pivots: (S1) 181.00; (P) 182.12; (R1) 182.77; Intraday bias in GBP/JPY remains on the downside for the moment. Rebound from 175.49 has completed at 184.99 already. Deeper...

Dollar surged broadly as the solid February employment data solidified the case for Fed to hike interests this summer, possibly in June and by latest September. Some economists noted that Friday's NFP...

Dollar edges higher as the week starts on Fed rate expectations. Markets are leaning more towards an earlier rate hike, with more aggressive pace, after Friday's strong job data. Fed fund futures...

GBP/JPY Daily OutlookDaily Pivots: (S1) 182.15; (P) 183.06; (R1) 183.62; Intraday bias in GBP/JPY is neutral for the moment. With 181.65 minor support intact, further rally is in favor for...

Dollar index extended recent up trend overnight, thanks to weakness in European majors, and took out 96 handle. Better than expected ISM non-manufacturing also helped lifted the greenback and it...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.46; (P) 184.08; (R1) 184.52; With 181.65 minor support intact, further rally is expected in GBP/JPY for 187.79/189.70 resistance zone. We'd expect strong...

US Dollar Index continues to stay near after breaking to 11 year high this week. But momentum stays rather unconvincing. Traders would need more evidence regarding the strength of the US economic, and...

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.16; (P) 184.53; (R1) 184.92; With 181.65 minor support intact, further rally is expected in GBP/JPY for 187.79/189.70 resistance zone. We'd expect strong...

Australian dollar recovered after RBA held the cash rate unchanged at 2.25%. Some economists expected a cut today and thus the reactions was a little surprise to the market. The central bank noted...