ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.40; (P) 157.84; (R1) 158.12;The break of 156.86 minor support suggests that fall from 159.52 is resuming and intraday bias is mildly on the downside. But...

Sentiments towards US and Asian markets remains diverged. While S&P 500 made another record close at 1762.11 overnight, Nikkei suffers from selloff in initial trading. The Japanese index is down...

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.07; (P) 157.50; (R1) 157.89;The GBP/JPY recovers mildly today, but stays well below 159.52 temporary top and intraday bias remains neutral. Near term upside...

Asian equities opened the week higher following the record close in S&P 500 last week. The Nikkei was also lifted by BoJ governor Iwata's reiteration on the pledge on easing policy. Iwata noted...

The lackluster non-farm payroll report released last week affirmed the view that Fed will not taper the asset purchase this year. But rather, economists are now expecting Fed to start scaling back the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.02; (P) 157.61; (R1) 158.17;Intraday bias in the GBP/JPY remains mildly on the downside as fall from 159.52 temporary top is in progress for 154.72 support....

The euro and swiss franc remain the strongest currency this week, even though they just pared some gains against the greenback in consolidation. Dollar index continues to defend 79 level but looks...

GBP/JPY Daily OutlookDaily Pivots: (S1) 156.38; (P) 157.86; (R1) 158.88;Intraday bias in the GBP/JPY remains mildly on the downside as fall from 159.52 temporary top is in progress for 154.72 support....

The dollar remains generally weak today with dollar index dipping to 79.08 so far. Meanwhile, the EUR/USD extends recent rally and broke 1.38 level and took the USD/CHF below 0.89. However, Sterling...

GBP/JPY Daily OutlookDaily Pivots: (S1) 158.54; (P) 159.03; (R1) 159.78;No change in the GBP/JPY's outlook. Further rise to 159.98 cannot be ruled out yet. But we'd expect strong resistance below...

Financial markets' responses to the lackluster job report were very clear, investors are expecting Fed to delay tapering of stimulus and rate hike as the US is yet to find sustainable momentum in job...

GBP/JPY: Daily OutlookDaily Pivots: (S1) 158.17; (P) 158.46; (R1) 158.80;Intraday bias in the GBP/JPY remains mildly on the upside as rebound from 154.72 continues. Further rally could be seen to...

The dollar's recovery is still in progress ahead of the highly anticipated employment data from US but momentum stays very unconvincing. Yesterday, Chicago Fed Evans said that recent government...

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.81; (P) 158.24; (R1) 158.48;Intraday bias in the GBP/JPY remains on the upside as rebound from 154.72 continues. Further rally could be seen to 159.98 and...

Risk sentiments in Asia remains firm with broad based gain in equities, following the record close in S&P 500 last week. Markets are expecting that Fed will delay tapering the stimulus as...

Last week, US lawmakers finally ended the drama just ahead of the October 17 deadline and reached an agreement to re-open the government through January 15, 2014 and increase the debt limit to...