ActionForex

Equities in the US dropped sharply overnight as the bipartisan budget agreement reached earlier this week triggered some anxiety that Fed would taper the asset purchase program sooner as there is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 168.49; (P) 169.26; (R1) 169.87;A temporary top is in place at 170.05 and intraday bias is turned neutral first. Near term outlook stays bullish as long as...

Dollar recovers mildly on the prospect of a budget agreement. US Senate Budget Committee Chairman Senator Patty Murray and House Budget Committee Chairman Representative Paul Ryan introduced a...

GBP/JPY Daily OutlookDaily Pivots: (S1) 168.61; (P) 169.16; (R1) 170.22; More.....The break of 169.13 confirmed resumption of larger rally in GBP/JPY. Intraday bias remains on the upside and current...

The dollar continued to shrug off tapering talks and weakened against European majors. The dollar index dipped to as low as 80.019 in Asian session before recovering and looks set to take out 80...

GBP/JPY Daily OutlookDaily Pivots: (S1) 166.65; (P) 167.45; (R1) 168.90;Intraday bias in the GBP/JPY remains mildly on the upside for 169.13 near term resistance. Break will resume the larger rally...

The yen's broad based weakness continued in Asian session today on risk appetite. Economic data released from China eased worry on tightening and boosted Asian equities higher. Headline CPI eased to...

In spite of a string of strong economic data from US, the dollar failed to stage a solid rally against other major currencies last week. The dollar index extended recent choppy decline to close at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 165.51; (P) 166.63; (R1) 167.41;The break of 166.84 minor support argues that a short term top is already formed at 169.13 after hitting 100% projection of...

Dollar remains mildly soft as markets are awaiting the highly anticipated non-farm payroll report from US. So far, the reactions to solid economic data from US were mixed. Stocks tumbled with DOW and...

EUR/JPY Daily OutlookDaily Pivots: (S1) 138.49; (P) 139.04; (R1) 139.67; With 137.98 minor support intact, further rally cannot be ruled out in the EUR/JPY. We'd stay very cautious on strong...

After being bounded in range for a while, Euro finally edged higher against dollar today as markets await ECB rate decision. It's widely expected that ECB would keep rates unchanged after the surprise...

GBP/JPY Daily OutlookDaily Pivots: (S1) 167.77; (P) 168.28; (R1) 168.84;With 166.84 minor support intact, further rally in GBP/JPY cannot be ruled out. But break of 166.84 will be an early sign of...

Risk aversions are back driving the market this week on Fed speculations. The Dow finally lost the 16,000 handle and closed down -94.15 pts overnight at 15,914.62. The S&P 500 also lost 1800 to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 167.77; (P) 168.28; (R1) 168.84;With 166.84 minor support intact, further rally could be seen to 100% projection of 147.61 to 159.98 from 156.63 at 169.00 next....

The Aussie weakens mildly but stays in range against dollar and euro after RBA left rates unchanged at 2.50% as widely expected. The accompanying statement was almost a carbon copy of the prior ones....