ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 173.67; (P) 174.13; (R1) 174.43; A temporary top is in place at 174.65 and intraday bias is turned neutral first. With 172.77 minor support intact, further...

Aussie is trading in tight range above 0.9 against dollar after earlier dive this week. The RBA minutes for September meeting reiterated the central bank's neutral stance to keep interest rate at...

Aussie opened the weak sharply lower and broke 0.9 level against dollar on worries of economic outlook of China. A batch of weak economic data released over the weekend highlighted the risk of steeper...

After initial weakness, European majors turned sideway against the greenback as recent selling momentum was exhausted. Focus was then turned too selling in commodity currencies and yen. After a rather...

GBP/JPY Daily OutlookDaily Pivots: (S1) 173.22; (P) 173.73; (R1) 174.69; The break of 173.95 resistance confirmed that correction from 175.36 has completed at 169.34 already. And, 169.53 key support...

Dollar extends its rally against commodity currencies and yen today. Meanwhile, the greenback continues to consolidate against European majors in tight range. Dollar is supported by speculation that...

GBP/JPYDaily Pivots: (S1) 171.72; (P) 172.49; (R1) 173.98; Intraday bias in the GBP/JPY remain son the upside for 173.95 resistance. Break will confirm completion of the correction pattern from...

New Zealand dollar extends recent down trend after RBNZ kept the OCR unchanged at 3.50% as widely expected. Governor Graeme Wheeler indicated that 'it is prudent to undertake a period of monitoring...

GBP/JPYDaily Pivots: (S1) 170.52; (P) 171.02; (R1) 171.52; The breach of 171.67 minor resistance suggested that the GBP/JPY has defended 169.53 key support successfully. Intraday bias is turned back...

The Aussie extends its slump against dollar today on expectation that Fed is going to hike rates next year. Additional pressure was seen in the Aussie as Westpac consumer confidence dropped steeply by...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.68; (P) 170.39; (R1) 171.44; GBP/JPY failed to sustain below 169.53 key support level and recovered strongly. Intraday bias is turned neutral first....

Dollar rally overnight as traders responded to a San Francisco Fed study. The report noted that "surveys, market expectations, and model estimates show that the public seems to expect a more...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.94; (P) 171.59; (R1) 172.25; GBP/JPY dives sharply to as low as 169.68 so far today and took out 170.42 support. Fall from 175.36 has resumed and intraday...

The Sterling tumbles sharply as the week starts on increasing uncertainty over Scotland's independence. According to a YouGov poll released on Sunday, support for independence of Scotland jumped again...

European majors depreciated sharply last week as markets were shocked by ECB's easing. Sterling was indeed the weakest one as it also pressured by the increasing support for Scottish independence....

Dollar stays firm against against European majors after yesterday's ECB triggered selloff in euro. Focus will turn to employment data from US today. Markets are expecting the non-farm payroll report...