ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.13; (P) 171.89; (R1) 172.73;  Intraday bias in GBP/JPY remains neutral for the moment. Prior break of 169.34 was taken as an indication of medium term...

New Zealand dollar was knocked down in Asian session sharply by weaker than expected inflation data. CPI rose 0.3% qoq in Q3 while the annual rate slowed to 1.0% yoy, missing expectation of 1.3% yoy...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.80; (P) 172.36; (R1) 172.94; Intraday bias in GBP/JPY remains neutral for the moment. Prior break of 169.34 was taken as an indication of medium term...

Risk markets staged further rebound overnight as DJIA gained 215.14pts, or 1.31% to close at 16614.81. S&P 500 also rose 37.27 pts or 1.96% to close at 1941.28. Asian equities followed with Nikkei...

GBP/JPY Daily OutlookDaily Pivots: (S1) 172.36; (P) 172.68; (R1) 173.14; Intraday bias in GBP/JPY remains neutral for the moment. Prior break of 169.34 was taken as an indication of medium term...

Australian dollar stays in tight range against the greenback after RBA said in the October meeting minutes that rates will stay low. It noted that "given the information available, the board's...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.73; (P) 171.38; (R1) 172.59; Intraday bias in GBP/JPY remains neutral for the moment. Prior break of 169.34 was taken as an indication of medium term...

Yen opens the week generally lower following rebound in Asian equities. In particular, Japanese Nikkei is up over 3% and reclaimed 15000 handle as additional boosted by news regarding the Government...

Investors were shocked by the roller coaster ride in the financial markets last week. In particular, stock markets tumbled sharply on worry over global slowdown. After massive selloff, equities...

GBP/JPY Daily OutlookDaily Pivots: (S1) 168.05; (P) 169.59; (R1) 171.18; GBP/JPY dropped further to as low as 168.01 so far and took out 169.34 key support level. The development suggests medium term...

Yen surged sharply against dollar overnight as stocks and yields plunged. Sentiments stabilized a bit after Fed chair Janet Yellen's comments and the Beige Book report. And, yen pared back some gains...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.28; (P) 170.88; (R1) 171.84; GBP/JPY drops to as low as 169.92 so far today and intraday bias remains on the downside for 169.34 key support level....

Yen remains the strongest currency this week, with support from sharp decline in treasury yield. Two year yield suffered the largest decline since September 2013 while 10 year yield also broke below...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.37; (P) 172.18; (R1) 172.66; Intraday bias in GBP/JPY remains on the downside for 169.34 key support level first. Decisive break there will indicate larger...

Dollar weakened this week as traders pushed back bet of first hike after comments from Fed officials. Federal funds futures are now showing less than 50% chance of rate hike by September next year,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 172.50; (P) 173.24; (R1) 173.76; Intraday bias in GBP/JPY remains on the downside for 169.34 key support level first. Decisive break there will indicate larger...