ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.27; (P) 149.87; (R1) 150.28; Intraday bias in GBP/JPY remains mildly on the upside for retesting 152.82 high. Decisive break there will resume whole medium...

Dollar trades generally lower in quiet markets today. Economic data released this week so far are generally shrugged off by traders. The more important events are BoC and ECB meeting, as well as UK...

Nikkei surges today while Yen tumbles on landslide victory of Prime Minister Shinzo Abe's Liberal Democratic Party (LDP) at the snap election on Sunday. At the time of writing, Nikkei is gaining over...

GBP/JPY Daily OutlookDaily Pivots: (S1) 147.39; (P) 148.41; (R1) 149.10; GBP/JPY is still bounded in consolidation from 146.92 temporary low. Intraday bias remains neutral first and outlook is...

Dollar regains much ground overnight as boosted by revived hopes on tax reform in the US. A critical hurdle was cleared after the Senate approved a budget blueprint for fiscal 2018. That was narrowly...

Japanese Yen and Swiss Franc remain the weakest ones for the week on strong global risk appetite. German DAX closed at new record of 13043.03 yesterday. That was followed by 160.16 pts rise in DOW to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 147.50; (P) 148.28; (R1) 148.80; GBP/JPY is still staying in the consolidation pattern from 146.92 temporary low. Intraday bias remains neutral first. With...

Dollar is trading as the strongest one for the week. The greenback was lifted by talks that John Taylor is considered a hawk and has impressed US President Donald Trump in Fed chair interview. But...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.17; (P) 148.57; (R1) 149.03; Intraday bias in GBP/JPY remains neutral first. With 149.73 minor resistance intact, deeper decline is still expected. . Below...

Dollar trades mildly higher this week even though momentum is relatively week. US equities extended the record runs, with DOW, S&P 500 and NASDAQ closing at new records overnight. Treasury yields...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.22; (P) 148.74; (R1) 149.04; Intraday bias in GBP/JPY remains neutral first. With 149.73 minor resistance intact, deeper decline is still expected. . Below...

The forex markets open the week rather steadily. Sterling is trying to extend last week's late rally but is held below Friday's high for the moment. It will be a big week for the Pound with inflation,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 147.77; (P) 148.46; (R1) 149.63; At this point, GBP/JPY is staying in consolidation above 146.92 temporary low and intraday bias remains neutral. Another...

Much volatility was seen in Sterling in the past 24 hours on news regarding Brexit. British Pound suffered steep selling yesterday on news that the fifth round of Brexit negotiations ended with...

GBP/JPY Daily Outlook'Daily Pivots: (S1) 148.11; (P) 148.48; (R1) 149.12; Intraday bias in GBP/JPY remains neutral for consolidation above 146.92 temporary low. Another decline is expected with 149.73...

US equities surged to new records while Dollar was pressured as markets perceived FOMC minutes released as slightly dovish ones. DOW rose 42.21 pts or 0.18% to close at 22872.89. S&P 500 rose 4.6...