ActionForex

Australian dollar drops sharply as the week opens and dives to four year low against the greenback. The selloff was attributed to the result of the gold referendum in Swiss which might dampen the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.84; (P) 185.37; (R1) 185.75; GBP/JPY continues to stay in tight range below 186.12 and intraday bias remains neutral. With 181.09 support intact, further...

Nikkei 225 rises in Asian session after a batch of mixed Japanese data while the yen is mildly lower. National CPI core slowed for the third straight month to 2.9% yoy in October, as expected....

GBP/JPY Daily Outlook Daily Pivots: (S1) 185.08; (P) 185.59; (R1) 186.42; Outlook in GBP/JPY remains unchanged. With 181.09 minor support intact, further rally is still expected for 190 psychological...

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.49; (P) 185.28; (R1) 186.05; Outlook in GBP/JPY remains unchanged. With 181.09 minor support intact, further rally is still expected for 190 psychological...

Overall, the financial markets are rather directionless this week.DJIA stayed in tight range around 17800 handle and closed down 0.02% overnight at 17814.94. S&P 500 reached new record high of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.56; (P) 185.25; (R1) 186.46; Outlook in GBP/JPY remains unchanged. With 181.09 minor support intact, further rally is still expected for 190 psychological...

S&P 500 extended the record run overnight and closed 5.91 pts higher at 2069.41 while DJIA also rose 7.84pts at 17817.9. Nikkei followed and played catch up after holiday, and is trading mildly...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.74; (P) 184.71; (R1) 185.46; Outlook in GBP/JPY remains unchanged. With 181.09 minor support intact, further rally is still expected for 190 psychological...

Yen ended as the weakest currency again last week as prime minister Shinzo Abe finally announced his decision to delay the next sales tax hike and called a snap reaction. Euro and Swiss...

Euro opens the week lower against dollar as it's still feeling pressure from ECB president Mario Draghi's dovish comments on Friday. Draghi pledged to boost inflation back to 2% target as quickly as...

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.88; (P) 185.50; (R1) 186.14; Further rise is still expected in GBP/JPY even though upside momentum is not too convincing. Current rally would target 190...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.31; (P) 184.19; (R1) 185.86; The break of 184.66 confirmed resumption of recent rally and GBP/JPY reaches as high as 186.11 so far. Intraday bias is back...

Dollar extends recent up trend against the Japanese yen but remains range bound against other major currencies. The minutes of the October 29 FOMC meeting released overnight provided no revelations....

GBP/JPY Daily OutlookDaily Pivots: (S1) 182.15; (P) 182.73; (R1) 183.24; At this point, GBP/JPY is holding above 181.07 minor support and intraday bias remains neutral. As long as 181.07 support...

Yen weakens broadly today after BoJ left policies unchanged and USD/JPY made new seven year high. The main focus of today's announce is the vote split. BoJ governor Haruhiko Kuroda won the tight 5-4...