ActionForex

The euro sunk as low as 1.2922 against the dollar overnight on political turmoil in Portugal. While some buying was seen in the late U.S. session, helping the common currency to recover, it's...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.57; (P) 152.15; (R1) 153.05;Intraday bias in the GBP/JPY remains on the upside, as the rebound from 147.10 is still in progress for 154.22 and above. Note...

The dollar extended the recent rally against other major currencies overnight, staying firm in Asian session. The dollar index rose to month high of 83.62, and is still in progress to retest 84.50...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.95; (P) 151.50; (R1) 152.19;The break of 151.92 resistance indicates resumption of rebound from 147.10. Also the development affirm that correction from...

Aussie weakens mildly today after RBA left the cash rate unchanged at 2.75% as widely expected. The accompanying statement noted further decline in commodity prices and continued moderation of global...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.11; (P) 150.63; (R1) 151.28;Intraday bias in GBP/JPY remains neutral for the moment with focus on 151.92. Break will resume the rebound from 147.10 and...

Yen opened the week mildly lower after release of the quarterly Tankan survey. The large manufacturer index turned positive to +4 in Q2 while large non-manufacturing index improved to +12. That...

Fed officials sang a chorus to calm markets from concerns of Fed's tapering of asset purchases last week. But the dollar still ended up broadly higher. The greenback's rally against European majors...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.38; (P) 149.99; (R1) 150.64;GBP/JPY recovers strongly today but is kept below 151.92 so far and intraday bias remains neutral first. Break of 151.92 should...

Asian markets opened broadly higher following another day of rebound in Dow. Dow rose for the third day to close above 15000 pts again at 15024 as the fear on Fed's tapering receded. Gold dropped...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.83; (P) 150.11; (R1) 150.97;Intraday bias in GBP/JPY remains neutral for the moment. On the upside, above 151.92 will target 154.22 resistance first. Break...

The unexpected downward revision in Q1 GDP from the US was taken as an excuse to speculate that the Fed wouldn't taper the asset purchase that soon and helped US equities rebound. The Dow closed...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.88; (P) 150.66; (R1) 151.67;Intraday bias in GBP/JPY remains neutral for the moment. On the upside, above 151.92 will target 154.22 resistance first. Break...

Asian markets opened broadly higher following the 100 pts rebound in DOW overnight. Sentiments were lifted by a late statement from China's PBoC on Tuesday on addressing liquidity squeeze. PBoC said...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.76; (P) 150.84; (R1) 151.93;The GBP/JPY lost some momentum after hitting 151.92 and with 4 hours MACD crossed below signal line, intraday bias turned...

After dropping as low as 14551 overnight, the DOW staged a recovered and pared back much of the losses to close at 14659, down -139.84. Comments from Fed officials Fisher and Kocherlakota helped eased...