ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.31; (P) 149.99; (R1) 150.56;Deeper fall is expected in the GBP/JPY with the 151.61 minor resistance intact. As noted, recovery from 147.10 has already...

The forex markets are staying in range as the week kicks off. Traders seem unfazed by the China GDP miss, and are instead focused on Bernanke's testimony later this week. The messages since last...

The dollar tumbled sharply last week after the confusing FOMC minutes and Fed chairman Bernanke's assurance that accommodative policies are here to stay for some time to come. The dollar index...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.21; (P) 149.92; (R1) 150.91;Recovery from 147.10 has completed at 153.01 already. Intraday bias remains on the downside for 147.10 support. Break will...

The dollar is in a tight range against other major currencies as the weekend approached. Markets stabilized from the earlier selloff in the greenback. Fed chairman Bernanke reiterated that the Fed...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.73; (P) 149.58; (R1) 150.41;GBP/JPY's break of 149.24 confirmed that recovery from 147.10 has completed at 153.01 already. Intraday bias is back on the...

Dollar dropped sharply overnight as markets were rocked by Fed's mixed messages. The FOMC minutes for the June meeting sent a mixed message to the public regarding Fed's tapering of QE. At the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.55; (P) 150.57; (R1) 151.39;No change in GBP/JPY's outlook. We're favoring the case that rebound from 147.10 is completed and was a corrective move only....

Euro weakened overnight after S&P downgraded Italy's long term sovereign credit rating to BBB from BBB+, just two notches above junk level. The negative outlook suggested that there could be...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.39; (P) 150.76; (R1) 151.32;There is no change in the GBP/JPY's outlook. We support the case that rebound from 147.10 is complete, and that it was only a...

Asian markets seem generally higher today, but gains are limited by China's inflation data. The CPI rose more than expected by 2.7% yoy in June, compared to the consensus of 2.5% yoy. That is quite a...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.70; (P) 150.40; (R1) 151.34;Current development suggests that whole rebound from 147.10 is completed and was only a corrective move. A fall from 153.01 is...

Asian markets outside Japan are broadly lower as the week starts. Friday's job data reinforced the chance that the Fed will taper the asset purchase later this year. Sentiments were weighed down by...

Dollar Soared as NFP Support Fed's Tapering, European Majors Tumbled after Central Bank MeetingsThe dollar soared last week with help from dovish ECB and BoE meetings and a solid employment report....

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.74; (P) 151.29; (R1) 152.31;Current development suggest the rebound form 147.10 completed at 153.01. It also suggested that correction from 156.77 was still...

The dollar remained firm as market focus turned to employment data from the U.S. Economists expected the non-farm payroll report to show 162k job growth in June, while the unemployment rate was...