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The Dollar remains mixed as markets awaiting FOMC rate decision today. The Dollar Index is stuck in tight range below 81.02 for nearly two weeks and is struggling at around 80.6 for the moment. Other...
GBP/JPYDaily Pivots: (S1) 172.67; (P) 172.97; (R1) 173.21; The GBP/JPY turned sideway ahead of 173.46 resistance. But with 172.53 support intact, further rise is expected. Current rise from 169.53...
Aussie weakens mildly today after RBA minutes showed that interest rates will likely be on hold in the foreseeable future. It note that "given this outlook for the economy and the significant degree...
GBP/JPYDaily Pivots: (S1) 172.26; (P) 172.80; (R1) 173.50; Intraday bias in the GBP/JPY remains on the upside for the moment and current rally would extend further to 174.84 key resistance. At this...
The Sterling maintains recent momentum and edges higher broadly as the week starts. BoE deputy governor Bean said he'd welcome the "symbolic step" of rate hike as that would be "an indication that we...
GBP/JPY Daily OutlookDaily Pivots: (S1) 171.38; (P) 171.81; (R1) 172.59; GBP/JPY surges to as high as 173.36 so far today and the strong break of 172.53 confirms resumption of rebound from 169.53....
Sterling soars broadly after hawkish comments from BoE governor Carney. He noted in his annual address to bankers that "there's already great speculation about the exact timing of the first rate hike...
GBP/JPYDaily Pivots: (S1) 171.11; (P) 171.71; (R1) 172.09; The GBP/JPY's fall from 172.53 extends lower today. But it's staying in recent converging range. Outlook is unchanged. The sideway...
New Zealand dollar surges today after RBNZ hiked interest raise and affirmed the tightening bias. The central bank raised the OCR by the third time this year, by 25 bps to 3.25% as widely expected. It...
GBP/JPYDaily Pivots: (S1) 171.11; (P) 171.71; (R1) 172.09; The GBP/JPY's fall from 172.53 extends lower today. But it's staying in recent converging range. Outlook is unchanged. The sideway...
European majors are remains broadly pressured this week. the euro extend the post ECB decline against commodity currencies as there was talk of renewing carry trade with euro as the funding currency....
GBP/JPYDaily Pivots: (S1) 171.98; (P) 172.26; (R1) 172.52; Overall outlook in the GBP/JPY remains unchanged. The sideway consolidation pattern from 174.84 is still in progress and could extend...
Solid risk appetite remained the main theme in the financial markets. The S&P 500 made the fourth straight record closing at 1951.27 while the Dow 30 made its third at 16943.1. Asian equities...
GBP/JPYDaily Pivots: (S1) 171.84; (P) 172.17; (R1) 172.51; Further rise is mildly in favor in the GBP/JPY for 173.46 and above. But overall outlook is unchanged. The sideway consolidation pattern...
The development in the forex markets were quite mixed last week despite all the high profile events. While the ECB launched unprecedented easing measure, the selloff in the euro proved to be brief and...
GBP/JPY Daily OutlookDaily Pivots: (S1) 171.79; (P) 172.04; (R1) 172.50; Intraday bias in GBP/JPY remains mildly on the upside and the rebound from 169.53 could extend higher to 173.46 and above....
Much volatility was seen in the financial markets overnight. Euro tumbled sharply after ECB announced historical easing measures. However, there was no follow through selling in the common currency as...