ActionForex

New Zealand recovers today as lifted by better than expected job data. The employment market grew 0.8% qoq in Q3, faster than Q2's 0.5% qoq and beat expectation of 0.6% qoq. Unemployment rate dropped...

GBP/JPY Daily OutlookDaily Pivots: (S1) 180.34; (P) 181.42; (R1) 183.20;  Intraday bias in GBP/JPY remains on the upside for the moment. The larger up trend from 116.83 has just resumed and is...

Aussie remains soft in tight range close to near term support of 0.8642 against dollar. RBA kept cash rate unchanged at 2.50 as widely expected. Also, the central bank maintained the neutral stance...

GBP/JPY Daily OutlookDaily Pivots: (S1) 176.27; (P) 178.03; (R1) 181.41;  Intraday bias in GBP/JPY remains on the upside for 180.70 resistance. Break there will extend the larger up trend to next...

Dollar extends recent rally as the week starts and as markets prepare for a busy week ahead. Three central banks will meet including RBA, ECB and BoE. Meanwhile there are a number of key economic data...

BoJ shocked the financial markets by announcing additional easing last week and overwhelmed all other major events. Yen tumbled sharply against all major currencies and reached a s seven year low...

GBP/JPY Daily OutlookDaily Pivots: (S1) 174.08; (P) 174.61; (R1) 175.26; GBP/JPY's strong rise today suggests that fall from 180.70 has completed already. Intraday bias is back on the upside for...

US equities jumped sharply overnight as boosted by the stronger than expected GDP report, which showed 3.5% annualized growth comparing to consensus of 2.9%. DJIA rose further 221.11 pts, or 1.3% to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 173.97; (P) 174.33; (R1) 174.73; The recovery from 168.01 extended higher and could continue. But again, near term outlook stays cautiously bearish as long as...

Dollar rebounded strongly overnight as Fed struck a more hawkish than expected tone in the FOMC statement. Fed announced to end the so called QE3 as widely expected and left rates unchanged near zero....

GBP/JPY Daily OutlookDaily Pivots: (S1) 173.34; (P) 173.80; (R1) 174.24; The recovery from 168.01 extended higher and could continue. But again, near term outlook stays cautiously bearish as long as...

US equities extended recent strong rebound and ended sharply high overnight. Sentiments were lifted by strong consumer confidence data as well as expectation that FOMC would stay on the dovish side...

GBP/JPY Daily OutlookDaily Pivots: (S1) 173.34; (P) 173.80; (R1) 174.24; The corrective recovery from 168.01 might extend higher. But near term outlook stays cautiously bearish as long as 175.00...

The forex markets are generally steady as recent consolidations continued. ECB said that EUR 1.7b of covered bonds were bought last week as the new security purchase program began. Some analysts...

GBP/JPY Daily OutlookDaily Pivots: (S1) 173.24; (P) 173.62; (R1) 174.30;  The corrective recovery from 168.01 might extend higher. But But near term outlook stay cautiously bearish as long as...

The Japanese yen weakened broadly last week and stocks extended the rebound from prior week's low and recovered nearly 70% of loss in the past few weeks. Indeed, S&P 500 had the largest weekly...