ActionForex

Australian dollar was given a brief boost by retail sales data in Asian session but quickly reversed. It's trading as the biggest loser so far for the day and the week. Retail sales rose 1.0% mom in...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.84; (P) 142.46; (R1) 143.12; GBP/JPY is losing some downside momentum as seen in 4 hour MACD. But intraday bias stays on the downside with 143.36 minor...

Sterling weakens mildly as a new poll indicates that Prime Minister Theresa May's Conservative could fall short of an overall majority in the upcoming election on June 8. According to a new modelling...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.40; (P) 142.73; (R1) 143.16; GBP/JPY's decline from 148.09 extends lower to as low as 141.82 so far and intraday bias remains on the downside. Deeper fall...

Euro tumbles broadly this week as some traders are betting on an early election in Italy, that creates some political uncertainty again. Leaders of major political parties are going to discuss, in the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.48; (P) 143.10; (R1) 144.08; Intraday bias in GBP/JPY remains on the downside for 61.8% retracement of 135.58 to 148.09 at 140.35. At this point, we'd...

It's reported that North Korea launched another ballistic missile test today, the 9th this year. It's also the third week in a row that missiles were launched. Japanese Prime Minister Shinzo Abe...

GBP/JPY Daily OutlookDaily Pivots: (S1) 144.32; (P) 144.88; (R1) 145.28; GBP/JPY's recovery was limited below 145.78 resistance and drops sharply. Focus is now on 143.34 support. Break there will...

Developments in the financial markets in the last 24 hours were rather mixed. Firstly, oil prices reversed after the announcement of extension of production cut from oil producers. WTI crude oil...

Dollar stays generally soft as FOMC minutes delivered little surprise overnight. Fed is generally still expected to hike interest rate again in June. The plan for shrinking the balance sheet was...

GBP/JPY Daily OutlookDaily Pivots: (S1) 144.05; (P) 144.60; (R1) 145.43; Intraday bias in GBP/JPY is still neutral at this point. The corrective pattern from 148.09 short term top could extend. On...

US markets closed mildly higher overnight as investors were relieved that US President Donald Trump's first budget plan contained no surprise. DJIA closed up 43.08 pts, or 0.21% at 20937.91. S&P...

GBP/JPY Daily OutlookDaily Pivots: (S1) 144.17; (P) 144.62; (R1) 145.13; Intraday bias in GBP/JPY remains neutral for the moment. The corrective pattern from 148.09 short term top could extend. On...

Euro stays firm against Dollar and Sterling in Asian session but is losing some momentum against commodity currencies. Strength of the common currency is built upon optimism on Eurozone's economic...

GBP/JPY Daily OutlookDaily Pivots: (S1) 144.06; (P) 144.72; (R1) 145.62; Intraday bias in GBP/JPY remains neutral for the moment. The corrective pattern from 148.09 short term top could extend. On...

Dollar recovers broadly in a quiet Asian session today but momentum is very week so far. The economic calendar is rather light today and trading might remain subdued. Nonetheless, volatility could...