ActionForex

The US Dollar was the weakest currency last week as it was hit by a string of economic indicator. New Zealand dollar was the strongest one with the NZD/USD hitting a three year high of 0.8793, not far...

GBP/JPY Daily OutlookDaily Pivots: (S1) 172.70; (P) 173.07; (R1) 173.53; As noted before, GBP/JPY could have topped at 174.09 already. And, more importantly, the cross could be starting another...

The Japanese yen strengthens after a batch of mostly positive economic data. National CPI core rose 3.4% yoy in May, and Tokyo CPI core rose 2.8% yoy in June. Both were inline with expectation. Retail...

GBP/JPY Daily OutlookDaily Pivots: (S1) 172.74; (P) 173.97; (R1) 173.21; The breach of 172.80 minor support argues that GBP/JPY could have topped at 174.09. More importantly, the cross could be...

The economic data triggered selloff in dollar was rather brief overnight and the greenback stays in familiar range against European majors, yen and commodity currencies. Stocks also ended the day...

GBP/JPYDaily Pivots: (S1) 172.85; (P) 173.27; (R1) 173.62; Outlook in the GBP/JPY is unchanged. It should be noted that the cross is staying in medium term range below 174.84 key resistance. In case...

Risk appetite was hurt by escalating tensions in the Middle East. The Dow 30 closed sharply lower by losing -119.13 pts at 16818.13 while the S&P 500 dropped -12.63 points to close at 1949.98....

GBP/JPYDaily Pivots: (S1) 173.22; (P) 173.52; (R1) 173.86; Outlook in the GBP/JPY is unchanged. It should be noted that the cross is staying in medium term range below 174.84 key resistance. In case...

The financial markets are rather quiet so far this week. The Dow was stuck in tight range overall night and ended nearly flat, down -9.82 pts to close at 16397.26. The S&P 500 dropped -0.26 pts to...

GBP/JPYDaily Pivots: (S1) 173.41; (P) 173.75; (R1) 173.96; With 172.80 support intact, further rise is expected in the GBP/JPY for 174.84 key resistance. At this point, we'd remain cautious on strong...

The Aussie opens the week strongly higher after upside surprise in manufacturing data from China. The HSBC Chinese manufacturing PMI rose to 50.8 in June, back into expansionary region for the first...

US Dollar ended the week generally lower except versus the yen and Aussie even though Fed continued with tapering of the asset purchases. Markets seemed to have ignored the slight upward revision on...

GBP/JPYDaily Pivots: (S1) 173.20; (P) 173.48; (R1) 173.98; The GBP/JPY's rally continues and reaches as high as 173.92 so far. Intraday bias remains on the upside for 174.74. At this point, we'd...

While Euro recovered against other major currencies, it extended recent decline agains Swiss Franc, with EUR/CHF breaching a near term support level of 1.2162. The IMF urged ECB to consider buying...

GBP/JPYDaily Pivots: (S1) 172.75; (P) 173.26; (R1) 173.70; GBP/JPY lost momentum ahead but with 172.72 minor support intact, further rise is in favor to 174.84 key resistance. At this point, we'd...

Investors responded well to FOMC's announcement overnight where Fed reiterated the pledge to keep rates low for a "considerable time". The S&P 500 rose 15 pts to close at historical high of...