ActionForex

Yen weakness broadly today as market sentiments improved. Major European indices open higher with FTSE and DAX up 0.5% at the time of writing while CAC is up 0.8%. The development is helped by...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.68; (P) 140.96; (R1) 141.45 GBP/JPY is staying in range of 138.65/142.75 and intraday bias remains neutral. On the downside, break of 138.65 will resume the...

Dollar trades broadly lower today and markets' focuses turn back to economic data. Eurozone PMIs will be closely watched in European session. EUR/USD dipped to we low as 1.1118 earlier this week but...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.05; (P) 140.90; (R1) 141.96; GBP/JPY is staying in range of 138.65/142.75 and intraday bias remains neutral. On the downside, break of 138.65 will resume...

While there was some volatility, the forex markets are generally staying in last week's range as most pairs engage in consolidative trading. New Zealand Dollar firms up slightly today as markets view...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.01; (P) 141.27; (R1) 141.97; Intraday bias in GBP/JPY remains neutral for the moment. on the downside, break of 138.65 will resume the decline from 148.09....

Dollar trades broadly higher this week so far, but strength is limited by weakness in treasury yields and risk aversion. WTI crude oil dropped as low as 42.75 yesterday before recovering mildly to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.46; (P) 141.89; (R1) 142.48; GBP/JPY continues to stay in range below 142.75 resistance and intraday bias remains neutral first. We'd still prefer to see...

Dollar rose mildly overnight but strength was so far limited. Comments from Fed officials were mixed and provided little guidance to the greenback. Meanwhile, Japanese Yen trades broadly lower on...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.17; (P) 141.75; (R1) 142.19; Intraday bias in GBP/JPY remains neutral first. The break of near term falling channel suggests reversal but we're prefer to...

Yen's weakness continue in quiet trading today and trades a touch softer after trade balance release. But overall, the markets are trading in tight range. The only exception is New Zealand Dollar...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.92; (P) 140.75; (R1) 142.33; GBP/JPY's rebound from 138.65 extends higher to but and break of near term falling channel suggests reversal. Focus is back on...

BoJ left monetary policies unchanged today as widely expected. Benchmark interest is kept at -0.1%. Meanwhile, under the yield curve control framework, the central bank continues to target 10 year JGB...

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.91; (P) 139.91; (R1) 140.72; Intraday bias in GBP/JPY remains neutral for consolidation above 138.65 temporary low. Near term outlook stays bearish with...

Dollar recovered overnight as Fed delivered the widely expected rate hike. The overall announcement, including new economic projections, was not as bad as some anticipated. Fed maintained the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.37; (P) 139.88; (R1) 140.84; Intraday bias in GBP/JPY is turned neutral with the current recovery. But near term outlook stays bearish with 142.75...