ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 146.04; (P) 146.42; (R1) 146.84; No change in GBP/JPY's outlook. With 145.13 minor support intact, further rise is expected to 148.09/42 resistance. Decisive...

Dollar and Canadian Dollar remain the strongest major currencies for the week, but both are losing momentum. Markets are rather unmoved by the highly anticipated FOMC minutes released overnight. DOW...

Dollar recovers this week but momentum isn't too strong so far. Indeed, the greenback is overwhelmed by the strength in Canadian Dollar, which follows high oil prices and hawkish BoC comments. Dollar...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.91; (P) 146.38; (R1) 146.78; With 145.13 minor support intact, further rise is expected in GBP/JPY to 148.09/42 resistance. Decisive break there will...

GBP/JPY Daily Outlook Daily Pivots: (S1) 145.95; (P) 146.43; (R1) 147.20; Upside momentum in GBP/JPY is weak with 4 hour MACD staying below signal line. But with 145.13 minor support intact, further...

Yen rebounds strongly in Asian session today following steep in decline in China and Hong Kong stocks markets. In particular, the HK HSI is trading down -400 pts, or -1.5% at the time of writing, led...

The forex markets open the week rather steadily. Dollar recovers as it's digesting last week's steep selloff. The greenback will look into the key events including ISM indices, NFP and FOMC minutes...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.46; (P) 146.01; (R1) 146.89; GBP/JPY breaches 146.52 temporary top today and intraday bias is back on the upside for 148.09/42 resistance zone. Decisive...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.12; (P) 145.82; (R1) 146.56; A temporary top is in place at 146.52 in GBP/JPY and intraday bias is turned neutral for consolidations. But downside should...

Global equities tumbled broadly while treasury yields surged as investors are preparing themselves to enter into an era of monetary stimulus removal. DOW lost -0.78% to close at 21287.03, S&P 500...

GBP/JPY Daily Outlook Daily Pivots: (S1) 143.77; (P) 144.64; (R1) 146.03; GBP/JPY reaches as high as 145.58 so far as rise from 138.65 extends. Intraday bias remains on the upside for 148.09/42...

Sterling and Canadian Dollar jumped sharply overnight as comments from BoE Governor Mark Carney and BoC Governor Poloz hinted at rate hikes ahead. Canadian Dollar is additional supported by the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.53; (P) 143.36; (R1) 144.78; GBP/JPY's rally and break of 142.75 resistance indicates completion of fall from 148.09. Intraday bias is turned back to the...

Euro soared overnight as propelled by comments from ECB President Mario Draghi, taking out key resistance levels against Dollar and Yen. The common currency remains firm in Asian session. On the other...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.72; (P) 142.04; (R1) 142.61; Intraday bias in GPB/JPY remain neutral for the moment. On the downside, below 138.65 will resume the decline from 148.09. But...

The developments in the forex markets look as if traders are in risk seeking mode. Commodity currencies including Canadian Dollar, Australian Dollar and New Zealand Dollar trade broadly higher since...