ActionForex

Dollar is trading generally lower, together with treasury yield, as weighed down by uncertainty over tax overhaul. Dollar index breached 94.14 resistance briefly last week but it's now back at 93.30....

GBP/JPY Daily OutlookDaily Pivots: (S1) 147.15; (P) 147.85; (R1) 148.79; A temporary low is formed at 146.92 and intraday bias is turned neutral first. Another decline is expected with 149.73 intact....

Euro trades broadly higher as lifted by comments from ECB officials that affirm the expectation of some sort of tapering in asset purchases next year. Catalonia remains a risk to the common currency...

GBP/JPY Daily OutlookDaily Pivots: (S1) 146.74; (P) 147.38; (R1) 147.73; With 149.73 minor resistance intact, fall from 152.82 is expected to continue to 61.8% retracement of 139.29 to 152.82 at...

Dollar regains some ground as another week starts, rather quietly. Trading could be subdued with US and Canada on Columbus Day holiday today. The greenback weaken before the weekly close last Friday...

GBP/JPY Daily OutlookDaily Pivots: (S1) 147.28; (P) 148.36; (R1) 149.06; More Intraday bias in GBP/JPY remains on the downside for the moment. Current decline from 152.82 should target 55 day EMA (now...

Dollar traders broadly higher today and remains as the strongest major currency for the week. The greenback is boosted by news that US President Donald Trump's administration is finally moving a...

Dollar trades mildly firmer in Asian session today but there is still no follow through buying in listless trading. The greenback is still limited below key near term resistance levels against Swiss...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.03; (P) 149.64; (R1) 149.99; Intraday bias in GBP/JPY remains neutral for consolidation below 152.82. At this point, we'd still expect downside to be...

While major US indices extended their record run overnight, Dollar is lagging behind and is turning soft today. DOW closed up 0.37% at 22641.67, S&P 500 up 0.22% at 2534.58, NASDAQ up 0.23% at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.98; (P) 149.97; (R1) 150.66; GBP/JPY's consolidation from 152.82 is still in progress. In case of deeper fall, downside should be contained by 38.2%...

US equities surged to new record highs overnight on solid manufacturing data and dollar followed by gaining broadly in Asian session today. DOW jumped 152.51 points or 0.68% to close at 22557.6....

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.14; (P) 150.71; (R1) 151.21; Intraday bias in GBP/JPY remains neutral for consolidation below 152.82 short term top. Deeper fall could be seen but downside...

Euro opens the week broadly lower as the Catalonian referendum for independence on Sunday turned into chaos. Legally recognized or not, preliminary results show that 90% votes were in favor of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.44; (P) 151.00; (R1) 151.55; Consolidation from 152.82 is still in progress and intraday bias remains neutral first. In case of deeper pull back, downside...

Dollar is losing some momentum but it's still likely to end the week as the strongest one. The initial reactions for US President Donald Trump's tax plan were positive. But markets quickly turned into...