ActionForex

The financial markets were rocked by Argentina's default overnight, with weakened sentiments on concerns that the Fed might begin tightening earlier than expected. The S&P 500 index ended the day...

GBP/JPY Daily Pivots: (S1) 173.10; (P) 173.65; (R1) 174.40; GBP/JPY's strong rebound argues that the pull back from 175.36 could have completed at 172.60 already, after drawing support from 55 days...

Dollar stays firm today and maintain the broad based weekly gain. The cautious FOMC statement released overnight halted the greenback's GDP inspired rally. But there is no change in the overall near...

GBP/JPY Daily OutlookDaily Pivots: (S1) 172.75; (P) 172.97; (R1) 173.24; GBP/JPY continues to stay in right range above 172.36 support and intraday bias remains neutral for the moment. On the...

The dollar stays firm and maintains yesterday gain as markets are waiting for some important events today, including employment data, GDP and FOMC. The dollar index breached 81.20 overnight and is...

GBP/JPYDaily Pivots: (S1) 172.79; (P) 172.93; (R1) 173.12; The GBP/JPY continues to stay in right range above 172.36 support and intraday bias remains neutral for the moment. On the downside,...

The markets remained rather dull so far this week. The Dow ended 22.02 pts higher at 16892.59 after initial dip to 16877.72. Asian equities are mildly higher with Nikkei 225 up 60 pts while HK HSI is...

GBP/JPYDaily Pivots: (S1) 172.62; (P) 172.89; (R1) 173.14; Intraday bias in the GBP/JPY remains neutral for the moment. On the downside, sustained break of 172.36 support will confirm near term...

The forex markets opened the week rather steady, with some weakness seen in the Aussie and Kiwi. The dollar pared back some of last week's gain but lossed are limited so far. A rally in China shares...

GBP/JPY Daily OutlookDaily Pivots: (S1) 172.68; (P) 172.86; (R1) 173.11; At this point, deeper decline is still in favor in GBP/JPY for 172.36 support. Break there will confirm near term reversal and...

GBP/JPYDaily Pivots: (S1) 172.59; (P) 172.95; (R1) 173.32; At this point, deeper decline is still in favor in the GBP/JPY for 172.36 support. Break there will confirm near term reversal and turn...

The Kiwi experienced sharp drops today after RBNZ hike OCR by 25bps to 3.50% as expected, but signaled a pause. Governor Wheeler noted in the statement that "it is prudent that there now be a period...

GBP/JPYDaily Pivots: (S1) 172.89; (P) 173.18; (R1) 173.39; At this point, deeper decline is still in favor in the GBP/JPY for 172.36 support. Break there will confirm near term reversal and turn...

The euro stays generally weak as EU agreed to impose new sanctions on Russian officials for the suspected role in downing a Malaysia Airline jet over eastern Ukraine last week. EU ministers agreed to...

GBP/JPYDaily Pivots: (S1) 172.85; (P) 173.05; (R1) 173.30; At this point, deeper decline is still in favor in the GBP/JPY for 172.36 support. Break there will confirm near term reversal and turn...

Euro stays in tight range as markets are awaiting the meeting between EU foreign ministers in Brussels today. There were expectations that EU will approve new sanctions on Russia regarding the...