ActionForex

The euro stays in tight range today ahead of ECB rated decision. President Draghi's dovish comments in the Jackson Hole conference weeks ago have raised speculations that it might act in September....

GBP/JPYDaily Pivots: (S1) 172.73; (P) 173.33; (R1) 173.67; GBP/JPY reached as high as 173.95 but retreated from there. Intraday bias is turned neural first. With 171.67 support intact, further rally...

The Sterling is so far the weakest major currency next to the yen. The selloff in the pound seems accelerating after reports on the referendum on Scottish independence. It's reported that a YouGov...

GBP/JPY Daily OutlookDaily Pivots: (S1) 172.87; (P) 173.13; (R1) 173.55; GBP/JPY's rebound from 170.42 accelerates higher and intraday bias remains on the upside. Current rally would target...

Aussie weakened in Asia session today following broad based rally in the greenback. And Aussie stays weak after RBA left rates unchanged at 2.50% as widely expected. The central bank maintained the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 172.18; (P) 172.49; (R1) 173.03; GBP/JPY's rebound from 170.42 continues today and reaches as high as 173.19 so far. Intraday bias remains on the upside for...

Sterling opened the week higher against other major currencies but pared back some gains after disappointing manufacturing data. The PMI manufacturing dropped to 52.5 in August comparing to...

Weekly Review and OutlookEuro Broadly Lower as Focus Turns to ECBEuro turned into consolidation after initial dip against the greenback last week. But finally, the common currency seemed to have given...

GBP/JPYDaily Pivots: (S1) 171.69; (P) 171.99; (R1) 172.31; With 171.60 minor support intact, further rise could still be seen. Recent development argues that price actions from 175.36 are developing...

Risk markets were mildly hit by deterioration in Ukraine's situation. The S&P 500 closed below 2000 handle by dropping -3.38 pts to 1996.74 while DJIA closed -42.44 pts down at 17079.57. Asian...

GBP/JPYDaily Pivots: (S1) 171.98; (P) 172.25; (R1) 172.45; With 171.60 minor support intact, further rise could still be seen. Recent development argues that price actions from 175.36 are developing...

The dollar continues to pull back from recent rally as it lacked stimulus for further rise. The dollar index is now at around 82.3 level after surging to as high as 82.72 earlier this week. The...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.94; (P) 172.25; (R1) 172.42; With 171.60 minor support intact, further rise could still be seen. Recent development argues that price actions from 175.36...

Solid consumer confidence data and easing geopolitical tensions pushed US equities higher overnight. S&P 500 closed at 2000.02, above 2000 handle for the first time on record. Dow 30 also rose...

GBP/JPY Daily Pivots: (S1) 172.29; (P) 172.48; (R1) 172.68; With 171.60 minor support intact, further rise could still be seen. Recent development argues that price actions from 175.36 are developing...

The financial markets remained rather mixed this week so far. Risk appetite was firm with S&P 500 breaching 2000 handle to 2001.95 overnight and closed at 1997.92, up 9.52 pts or 0.48%. DJIA also...