ActionForex

Japanese Yen trades broadly higher today as supported by upbeat economic data. In particular, USD/JPY has now taken out 110.18 support (last week's low). Recent fallcould be extending towards next key...

GBP/JPY Daily OutlookDaily Pivots: (S1) 153.98; (P) 154.61; (R1) 155.79; GBP/JPY's rally extended and met mentioned target of 61.8% projection of 139.29 to 152.82 from 146.96 at 155.32. Intraday bias...

Yen spikes higher after BoJ turned slightly optimistic over the country's inflation outlook. But there is no follow through buying seen. USD/JPY is kept in middle of range of 110.18/114.17. Dollar...

GBP/JPY Daily Outlook Daily Pivots: (S1) 152.91; (P) 153.65; (R1) 154.21; Intraday bias in GBP/JPY remains neutral for consolidation below 154.56 temporary top. Outlook will stay bullish as long as...

Market reactions to the US government shutdown is rather muted. Dollar is trading generally lower today but is held within Friday's range. Asian markets are pretty steady with Nikkei trading down just...

GBP/JPY Daily OutlookDaily Pivots: (S1) 153.78; (P) 154.17; (R1) 154.74; Intraday bias in GBP/JPY remains on the upside for the moment. Current rally should target 61.8% projection of 139.29 to...

Sterling continues to trade as the strongest major currency for the week. Fundamentally, focus will turn to retail sales data to be published today. Technically, GBP/USD should have already taken out...

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Trading in the forex markets remain rather dull today. Dollar's recovery overnight again lack conviction. Nonetheless, USD/JPY does seem to have bottomed out, but that's mainly thanks to Yen's...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.88; (P) 152.49; (R1) 152.93; GBP/JPY continues to stay in range below 153.66 and intraday bias remains neutral. On the upside, break of 153.66 will resume...

While the forex markets remained generally steady, stock traders experienced a roller coaster ride overnight. DOW surged in initial trading to as high as 26086.12 (up 283 pts) but reversed gain and...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.98; (P) 152.39; (R1) 152.86; Intraday bias in GBP/JPY remains neutral at this point. On the upside, break of 153.66 will resume medium term up trend....

Dollar is mildly higher in Asian session, as it turns into consolidation after recent steep selloff. Among the mostly traded currencies, Australian Dollar is trading as the strongest one. That's...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.03; (P) 151.84; (R1) 153.21; GBP/JPY drew strong support from 55 day EMA and rebounded. Intraday bias is turned neutral first. On the upside, break of...

Dollar continues to trade as the weakest major currency as another week starts. Over the month, the greenback is trading weakest against Kiwi and Aussie. Meanwhile, Euro is catching up as Germany is...

Risk appetite continued to be generally strong. DOW closed up 205.6 pts, or 0.81% overnight to 25574.73. S&P 500 and NASDAQ were up 0.7% and 0.8% respectively. All hit new record highs. Positive...