ActionForex

Dollar index continues to hover around 10 month low as the greenback stays generally weak, except versus Sterling. Treasury yields also extended recent pull back overnight. 10 year yield dropped...

GBP/JPY Daily OutlookDaily Pivots: (S1) 146.63; (P) 147.11; (R1) 147.48; Intraday bias in GBP/JPY stays neutral with mixed near term outlook. On the upside break of 147.76 will resume rise from...

Dollar tumbles sharply as two Republicans senators announced their rejection of the US President Donald Trump's health care bill. The current version is short of at least two votes to advance and is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 146.43; (P) 147.00; (R1) 147.99; Intraday bias in GBP/JPY stays neutral with mixed near term outlook. On the upside break of 147.76 will resume rise from...

The forex markets are pretty steady today with Japan on holiday. Upbeat economic data from China didn't trigger much reactions. Traders are having their mind on the upcoming central bank events in the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.79; (P) 146.33; (R1) 147.12 Intraday bias in GBP/JPY is turned neutral with the current recovery. But still, as short term top is formed at 147.76, deeper...

Dollar stays soft on cautious comments from Fed officials. Testifying before the Senate Banking Committee, Fed CHair Janet Yellen indicated that risks from inflation are two-sided, and it was...

GBP/JPY Daily Outlook Daily Pivots: (S1) 145.24; (P) 145.82; (R1) 146.40; Intraday bias in GBP/USD stays mildly on the downside as fall from 147.76 would extend to 55 day EMA (now at 143.48). Break...

Dollar trades broadly lower as markets generally percevied Fed chair Janet Yellen's testimony as a dovish one. DOW ended up 123.07 pts, or 0.57% at record high of 21532.14. Meanwhile, 10 year yield...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.78; (P) 146.77; (R1) 147.39; GBP/JPY's sharp fall and break of 146.03 minor support signals short term topping at 147.76. The came after failing to take...

Euro surged broadly overnight, with the help from selloff in Sterling and then Dollar. Strength in the common currency carries on in Asia session today. Fed Governor Lael Brainard's cautious comments...

GBP/JPY Daily OutlookDaily Pivots: (S1) 146.51; (P) 146.98; (R1) 147.34; With 146.03 minor support intact, further rise is expected in GBP/JPY for 148.09/42 resistance zone. Decisive break there will...

Yen remains generally weak today but it's weakest spot was overtaken by New Zealand Dollar. Meanwhile, Dollar, Euro and Sterling are staying in recently established range against each other. Economic...

GBP/JPY Daily OutlookDaily Pivots: (S1) 146.17; (P) 146.88; (R1) 147.40; Upside momentum in GBP/JPY remains a bit weak. Still, with 146.03 minor support intact, further rise is expected for 148.09/42...

Yen stays weak in an otherwise quiet start to the week. G20 meeting didn't give impact to the markets. Global leaders pledge to continue to "fight protectionism including all unfair trade practices"...

GBP/JPY Daily OutlookDaily Pivots: (S1) 146.15; (P) 146.71; (R1) 147.39; GBP/JPY's rally continues to as high as 147.60 and intraday bias stays on the upside for 148.09/42 resistance zone. Decisive...