ActionForex

Fed chair Janet Yellen's testimony last week as relatively balanced and triggered little reactions in the forex markets. Nonetheless, US equities were shot up to new record higher as Yellen reaffirmed...

Asian equities open the week higher after the surprised rate cut by China's central bank over the weekend. Nonetheless, impact on the currency markets was muted. The People's Bank of China lowered the...

The US dollar jumped overnight as lifted by stronger than expected core inflation data as well as comments from Fed officials. San Francisco Fed John Williams said in an interview that the first rate...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.83; (P) 184.24; (R1) 184.97; The rebound from 175.94 is still in progress and would extend. But we'd expect strong resistance from 187.79/189.70 resistance...

The financial markets are generally in risk seeking mode. DJIA closed at new record high of 18224.57 yesterday, up 15.38 pts. S&P 500 also made new intraday record high of 2119.59 but closed...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.32; (P) 184.06; (R1) 184.60; Intraday bias in GBP/JPY remains mildly on the upside. The rebound from 175.49 would possibly extend to 187.79/189.70...

Fed chair Janet Yellen's testimony to Congress yesterday was quite positive as she acknowledged the considerable progress in labor market. Meanwhile, She also saw the recent sharp decline in oil...

GBP/JPY Daily OutlookDaily Pivots: (S1) 182.80; (P) 183.40; (R1) 184.21; Intraday bias in GBP/JPY stays neutral for the moment. Above 184.19 will bring further rise to 187.79/189.70 resistance zone....

The forex markets are generally staying in tight range so far this week. Sterling is trying to rally against other major currencies and reached new seven year high against Euro. But there is no follow...

GBP/JPY Daily OutlookDaily Pivots: (S1) 182.04; (P) 182.84; (R1) 184.04; Intraday bias in GBP/JPY stays neutral for the moment. Above 184.19 will bring further rise to 187.79/189.70 resistance zone....

After much drama over the week, on Friday, Greece finally secured a provisional deal from Eurozone finance ministers to extend the bailout for four months. However, Greece will only get the financial...

Euro stayed in tight range against dollar in spite of positive news from Greece. Greece was offered loan extensions of 4 months, compared with its request of 6 months. The debt-ridden country agrees...

GBP/JPY Daily OutlookDaily Pivots: (S1) 181.93; (P) 182.66; (R1) 183.74; No change in GBP/JPY's outlook, with 180.15 minor support intact, rebound from 175.49 is in favor to extend higher to...

Markets main focus today will be on Greece, who will have a last ditch meeting with eurozone creditors regarding the financial aid. Greek submitted a proposal for a six-month extension yesterday but...

US Dollar weakened mildly overnight as traders pared back bets on mid-year rate hike from Fed after FOMC minutes. The FOMC minutes for the January meeting appears more dovish than expected....

GBP/JPY Daily OutlookDaily Pivots: (S1) 181.93; (P) 182.66; (R1) 183.74; With 180.15 minor support intact, rebound from 175.49 is in favor to extend higher to 187.79/189.70 resistance zone. We'd...