ActionForex

Solid housing and employment data from US pushed S&P 500 to another 5 year high to close at 1480 overnight while DOW is heading closing to an important resistance level at 13661. Further fuel was...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.36; (P) 141.57; (R1) 142.63;GBP/JPY's consolidation from 144.80 temporary top is still in progress and deeper retreat cannot be ruled out. But again,...

Australia dollar drops sharply in Asian session today on report of weaker-than-expected job data. The job market contracted by -5.5k in December comparing to expectation of 4.5k growth. The data...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.42; (P) 142.80; (R1) 143.95GBP/JPY's retreat from 144.80 is still in progress and deeper fall could be seen. But movement to the downside should be...

The euro extends its retreat against most major currencies, except the Swiss franc, as weighed down by comments from Luxembourg Prime Minister Juncker that the euro's exchange rate is "dangerously...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.86; (P) 143.82; (R1) 144.81Intraday bias in GBP/JPY remains neutral for the moment and more consolidations could be seen below 144.80 temporary top. But...

Yen crosses weakened mildly in Asian session today on profit taking, following retreat in equities. The Japanese yen is also weighed down mildly by comments from Japanese Economics Minister Amari, who...

EUR/JPY Daily OutlookDaily Pivots: (S1) 117.94; (P) 118.64; (R1) 119.66EUR/JPY's rally accelerated further to as high as 120.10 so far today and intraday bias remains on the upside. Current rally from...

The yen's sell-off continues as the week starts in response to Japanese prime minister Abe's comment. Abe said on Sunday that it's import for the joint statement between the government and BoJ to...

The euro soared broadly last week as expectations of an ECB cut receded drastically following Draghi's post meeting press conference. Strength of the common currency was impressive considering that...

Yen and, to a lesser extent, dollar were sold off sharply overnight as risk appetite sent S&P 500 to close at five-year high of 1472.12. Asian equities opened higher but pared gains after stronger...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.66; (P) 142.57; (R1) 144.37GBP/JPY broke through 142.73 resistance to resume recent rally and reaches as high as 144.41 so far today. Intraday bias is back...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.78; (P) 140.40; (R1) 141.41GBP/JPY's consolidation from 142.37 is still in progress and intraday bias remains neutral for some more sideway trading....

Risk appetite is given a strong lift in the Asian session as Chinese trade data stunned investors. China's trade surplus jumped to $31.6b in December compared to expectations of $20.1b. Exports rose...

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.94; (P) 140.23; (R1) 140.99GBP/JPY's consolidation from 124.73 is still in progress and intraday bias remains neutral for the moment. Recent rally should...

Financial markets are relative quiet this week so far as investors are generally cautious ahead of earning sessions, as well as ECB meeting later in the week. Major US indices closed mildly lower...