ActionForex

The yen was sold off broadly, and its weakness continued throughout the Asian session. The USD/JPY finally broke through the 100 psychological level for the first time in 4 hours, while the EUR/JPY...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.98; (P) 153.54; (R1) 154.37;Intraday bias in GBP/JPY stays neutral for the moment. As long as 150.74 holds, further rally is still expected. Above 154.78...

Employment data and strong risk appetite gave the Aussie and Kiwi a strong boost. Australian job data continued it's one good month/one bad month pattern, showing 50.1k growth in April versus...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.69; (P) 153.58; (R1) 154.17;Within 4 hours, the MACD crossed below signal line. A temporary top has formed, and intraday bias has turned neutral. As long as...

Markets focus were mostly on equities, as the DOW closed above 15000 level for the first time and the S&P 500 closed at another record high. Risk appetite carried on in the Asian session after...

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.05; (P) 154.41; (R1) 154.69;Intraday bias in the GBP/JPY remains on the upside. The uptrend from 116.83 has just resumed, and should be targeting a 100%...

The Australian dollar dropped sharply as the RBA unexpectedly cut rates by another 25 bps to 2.75% today. Markets generally expected the central bank to stand pat. In the accompanying statement, the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.58; (P) 153.62; (R1) 155.23;Intraday bias in GBP/JPY remains on the upside. The uptrend form 116.83 has just resumed, and should be targeting 100%...

Asian markets opened generally higher today in response to the positive U.S. job market data. Major indices maintained gains at the time of writing, except for some weakness in the Nikkei. In the...

The yen, and to a slightly lesser extent the dollar, were broadly lower last week as risk markets rallied on central stimulus. DOW breached 15000 handle before closing at another record high of 14973,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.96; (P) 152.09; (R1) 153.25;Intraday bias in the GBP/JPY turned neutral first. The consolidation from 153.86 could extend with another decline. Below 150.74...

Dollar, stocks and gold all strengthened overnight after the ECB opened the door for negative deposit rates. U.S. equities were given an additional lift by gains in tech stocks, and the S&P 500...

EUR/JPY Daily OutlookDaily Pivots: (S1) 127.83; (P) 128.37; (R1) 128.90;No change in the EUR/JPY's outlook. Consolidation from 131.12 is still in progress; below 127.05 will bring another fall....

Sentiments were somewhat weighed down by the dovish FOMC statement, as DOW dropped -138.85 pts while S&P 500 dropped -14.87 pts. Asian equities also followed by opening lower and stay soft. The...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.68; (P) 151.32; (R1) 151.92;No change in the GBP/JPY's outlook. Consolidation from 153.86 is still in progress, and a deeper fall could be seen to 149.97...

The dollar remains soft in quiet holiday trading, ahead of the FOMC rate decision. Another round was selloff in the greenback seen yesterday after the Chicago PMI unexpectedly dropped into contraction...