ActionForex

The Japan yen remains firm across the board on mild risk aversion. It's reported that North Korea is quietly moving another intercontinental ballistic missile towards its west coast, readying for...

EUR/JPY jumped to 131.69 last week but retreated since then. Initial bias is neutral this week first. Another rise is expected as long as 129.65 minor support holds. Above 131.69 will extend the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.16; (P) 142.57; (R1) 143.20; GBP/JPY gaps lower today but stays in range of 141.40/143.18. Intraday bias remains neutral first. Deeper decline is mildly in...

Yen and Swiss Franc gap up as the week starts while Dollar and Aussie trade broadly lower. Nikkei tumbles in early trading and is down -170 pts at the time of writing. Gold resumes recent rally and...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.51; (P) 142.20; (R1) 142.90; Intraday bias in GBP/JPY remains neutral for the moment. With 143.18 intact, near term outlook stays bearish and deeper...

Dollar lost some momentum after yesterday's sharp rebound, as markets are waiting employment data from US. Non-farm payroll report is expected to show 180k growth in August while unemployment rate is...

Dollar is trading firm is Asian session today and maintains overnight gains inspired by positive ADP and GDP data. That was accompanied mild strength in stocks, with DOW closed up 0.12%. 10 year yield...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.49; (P) 141.25; (R1) 142.50; Intraday bias in GBP/JPY remains neutral for the moment. Near term outlook stays bearish as long as 143.18 resistance holds...

Risk appetite returned as DOW staged the a 200 points swing in the biggest intraday comeback in near nine months overnight. Major indices ended higher with DOW gained 0.26%, S&P 500 rose 0.08% and...

Yen surges broadly, together with Swiss Franc, on risk aversion as tension in the Koreas escalates again. North Korea fired a missile earlier today that flew over Japan and landed in the Pacific...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.28; (P) 140.56; (R1) 141.02; Intraday bias in GBP/JPY remains neutral for consolidation above 139.29 temporary low. Near term outlook remains bearish as...

The forex markets are pretty steady in range as another week starts, as usual. Euro surged to highest in more than two years against Dollar last week as aftermath of Jackson Hole symposium. The common...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.50; (P) 139.97; (R1) 140.66; A temporary low is in place at 139.39 and intraday bias is turned neutral first. Deeper decline is mildly in favor as long as...

The financial markets are generally holding their breath as speeches of Fed Chair Janet Yellen and ECB President Mario Draghi at the Jackson Hole Symposiums are awaited. The occasion is seen in recent...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.03; (P) 139.91; (R1) 140.39; Intraday bias in GBP/JPY remains on the downside as fall from 147.76 is still in progress for 138.65 support. Break there will...

While markets are awaiting speeches of Fed Chair Janet Yellen and ECB President Mario Draghi in the annual Jackson Hole symposium, they are unsettled by US President Donald Trump's comments on...