ActionForex

Dollar recovers mildly today but momentum has been weak. There is no change in it's general down trend against Euro, Yen and Sterling. And, not the mention the greenback's weakness against Canadian...

GBP/JPY Daily OutlookDaily Pivots: (S1) 144.80; (P) 145.68; (R1) 146.24; GBP/JPY's recovery from 144.01 quickly lost momentum and intraday bias is turned neutral again. On the upside, break of...

Selloff in Swiss Franc continued overnight and weakness extends into Asian session. EUR/CHF is trading up over 300 pts, or 2.75% for the week. As we noted before, the strong break of 1.12 handle is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.42; (P) 145.91; (R1) 146.35; The breach of 146.42 minor resistance argues that pull back from 147.76 has completed at 144.01, after being supported by 55...

Dollar's broad based selloff resumed overnight after Fed kept monetary policies unchanged. The move was seen as reaction to Fed's slight tweak in description of inflation. Also, Fed's indication that...

GBP/JPY Daily OutlookDaily Pivots: (S1) 144.82; (P) 145.35; (R1) 146.25; Intraday bias in GBP/JPY remains neutral for the moment. With 146.27 minor resistance intact, further decline is still mildly...

US stocks ignored policy uncertainty surrounding President Donal Trump and surged to record highs overnight. S&P 500 jumped to record high at 2477.13, up 0.29%, on strong earnings. NASDAQ also...

GBP/JPY Daily OutlookDaily Pivots: (S1) 144.17; (P) 144.58; (R1) 145.16; A temporary low is in place in GBP/JPY at 144.01 and intraday bias is turned neutral first. On the downside below 144.01 will...

The forex markets are treading water in a rather dull start to the week, staying mostly in ranges. Other financial markets are mixed too. NASDAQ hit record high overnight and closed up 0.36% at...

Dollar and Sterling are trading mixed as another week starts, but both remain the two weakest currency for the month. The greenback will try hard to draw something from FOMC statement to halt its...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.84; (P) 144.59; (R1) 145.12; Intraday bias in GBP/JPY remains on the downside as fall from 147.76 is in progress. Sustained trading below 55 day EMA (now at...

GBP/JPY Weekly OutlookGBP/JPY's decline and break of 145.25 support last week clear up the outlook. Rise from 1.3865 should have completed at 147.76 after failing 148.09/42 resistance zone. Initial...

GBP/JPY Daily OutlookDaily Pivots: (S1) 144.47; (P) 145.38; (R1) 146.06; Break of 145.25 support suggests that fall from 147.76 is resuming. intraday bias is turned back to the downside for 55 day...

Euro surged broadly overnight as markets took ECB President Mario Draghi's comments positively. EUR/USD is now in an important medium term resistance zone of 1.1615/1713 and is maintaining solid...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.23; (P) 145.78; (R1) 146.30; Intraday bias in GBP/JPY remains neutral as it's bounded in range of 145.5/147.76. On the upside break of 147.76 will resume...

Dollar recovers in general today as markets turned into consolidation mode. Euro is treading water while markets await ECB rate decision and press conference. Traders would be eager to hear how ECB...