ActionForex

The yen remains the weakest currency this week and extends the pull back on strong risk appetite. Investors shrugged off the situation in Ukraine and pushed the Dow to new record close of 16695.47...

GBP/JPY Daily Pivots: (S1) 171.03; (P) 171.66; (R1) 172.11; Intraday bias in the GBP/JPY remains mildly on the downside in spite of recovery in Asian session. The current development suggests that...

The yen open the week broadly lower as Asian equities outside of Japan surged on news regarding China. At the time of writing, the MSCI Asian Pacific ex-Japan index is rising 0.4%, in particular, with...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.69; (P) 172.27; (R1) 172.68; Intraday bias in GBP/JPY remains neutral for the moment. The cross is still staying in medium term consolidation pattern from...

Euro sold off sharply after ECB press conference yesterday and stays weak in Asian session today. The ECB made another dovish statement in May and indicated that additional stimulus measures would...

GBP/JPYDaily Pivots: (S1) 172.26; (P) 172.61; (R1) 173.10; Intraday bias in the GBP/JPY remains neutral for the moment. The cross is still staying in medium term consolidation pattern from 174.84....

The dollar stays soft after Fed chair Yellen's dovish speech overnight. In a testimony to the Joint Economic Committee to Congress, Yellen reiterated that "a high degree of monetary accommodation...

GBP/JPYDaily Pivots: (S1) 172.21; (P) 172.57; (R1) 172.95; Intraday bias in theGBP/JPY remains neutral for the moment. The cross is still staying in side medium term consolidation pattern from...

The New Zealand dollar pares back much of this week's gain after disappointing job data and comments from RBNZ governor Wheeler. The New Zealand employment rose more than expected by 0.9% qoq in Q1...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.82; (P) 172.21; (R1) 172.65; Intraday bias in GBP/JPY remains neutral for the moment. The cross is still staying in side medium term consolidation pattern...

Aussie attempts to rise after RBA left rates unchanged at 2.50% as widely expected but it quickly lost momentum and settles back into prior tight range. The most important part of the accompanying...

GBP/JPYDaily Pivots: (S1) 172.04; (P) 172.75; (R1) 173.14; Intraday bias in the GBP/JPY remains neutral for the moment. The cross is still staying in side medium term consolidation pattern from...

The Japanese yen is broadly higher as the week starts as Asian equities are genearlly pressued by risk aversion. Sentiments were weighed down by the concern over tensions in Ukraine and disappointing...

GBP/JPY Daily OutlookDaily Pivots: (S1) 172.51; (P) 172.71; (R1) 173.05; Intraday bias in GBP/JPY remains neutral for the moment. On the upside, above 173.14 will extend the second leg from 163.78...

The greenback remains the second weakest currency this week, next to yen, since it's being pressured after the disappointing Q1 GDP reading released earlier. The non-farm payroll report today will be...

GBP/JPYDaily Pivots: (S1) 172.04; (P) 172.38; (R1) 172.83; Intraday bias in the GBP/JPY remains neutral for the moment. On the upside, above 173.14 will extend the second leg from 163.78 higher but...