ActionForex

Aussie trades broadly higher in Asian session as lifted by retail sales data. While AUD/UD is still limited below 0.7896 key near term resistance, EUR/AUD has dipped through 1.5226 support, which...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.77; (P) 152.66; (R1) 153.40; No change in GBP/JPY's outlook. As long as 151.74 minor support holds, further rally is in favor. Current rise should target...

Risk appetite remains strong in global financial markets. All three major US indices, DOW, S&P 500 and NASDAQ made record highs over night. Optimism carries on in Asian session. Even though Nikkei...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.96; (P) 153.31; (R1) 153.76; No change in GBP/JPY's outlook even though it's losing upside momentum. As long as 151.74 minor support holds, further rally...

Yen strengthens against all major currencies in Asian session on news that BoJ lowers its long-dated JGB purchases. Strength in Yen is followed by Aussie, which is lifted by strong housing data. On...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.80; (P) 153.21; (R1) 153.74; Intraday bias in GBP/JPY remains on the upside. Current rally would target 61.8% projection of 139.29 to 152.82 from 146.96 at...

Markets open another week rather steadily. Canadian Dollar remains the strongest one as supported by rate hike expectations. Dollar is trying to recover again, in particular as EUR/USD is feeling...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.16; (P) 152.56; (R1) 153.17; GBP/JPY's rise rebound is still in progress for 153.39 resistance. Decisive break there will resume medium term rally On the...

Japanese Yen and Swiss Franc are trading as the weakest major currencies for the week on strong global risk appetite. Nikkei is extending recent rally in Asian session, after hitting 26 year high...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.60; (P) 152.20; (R1) 152.67; With 151.51 minor support intact, rebound from 149.40 is expected to continue to 153.39 resistance. Break will resume medium...

US equities ended broadly higher overnight as boosted by tax cuts optimism. DOW gained 0.40% to 24922.68 and 25000 handle is within reach. S&P 500 closed solidly above 2700 handle at 2713.06, up...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.08; (P) 152.40; (R1) 152.94; Intraday bias in GBP/JPY remains on the upside as rebound from 149.40 continues to 153.39 resistance. Break will resume medium...

Dollar is trying to recover in Asian session today after the steep new year selloff. Nonetheless, the greenback remains the second weakest one for the week, just next to Kiwi. S&P 500 and NASDAQ...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.59; (P) 152.05; (R1) 152.59; GBP/JPY's rebound form 149.40 resumed and intraday bias is cautiously on the upside for 153.39 resistance. Break will resume...

The forex markets start rather slowly today as, without any news, traders are staying in holiday mood. Trading could remain subdued today as UK manufacturing PMI is seen as the only market moving...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.46; (P) 151.72; (R1) 151.95; Breach of 152.07 suggests that GBP/JPY's rebound from 149.40 is resuming. Intraday bias is back on the upside for 153.39...