ActionForex

Dollar recovered mildly as markets calmed down from US President Donald Trump's political turmoil. But the greenback is still set to end the week as the weakest major currency. DOW also recovered...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.85; (P) 144.48; (R1) 145.34; GBP/JPY's correction from 148.09 extended sharply lower. Based on downside acceleration, the fall might extend through 38.2%...

The financial markets are rocked as US President Donald Trump's political turmoil intensified. DOW dropped sharply by -372.82 pts, or -1.78% to close at 20606.93 overnight, the worst day since last...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.58; (P) 146.34; (R1) 146.89; GBP/JPY's correction from 148.09 is still in progress and deeper fall could be seen. But downside is expected to be contained...

Euro's rally extends in the Asian session today as optimism continues. In particular, EUR/USD reaches new six months high as the greenback is troubled by political turmoil in Washington. But we'd like...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.94; (P) 146.46; (R1) 147.25; GBP/JPY is still bounded in consolidation below 148.09 short term top. Intraday bias remains neutral for the moment and deeper...

While oil prices and Canadian Dollar took headlines, it's indeed the Euro that's the outstanding one in the early part of the week. The common currency resumed recent rally against dollar is back...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.62; (P) 146.20; (R1) 146.61; Intraday bias in GBP/JPY remains neutral for the moment. Consolidation from 148.09 could extend. But in case of deeper fall...

The forex markets open the week rather steadily. New Zealand Dollar trades mildly higher after better than expected retail sales data. Canadian Dollar is also lifted mildly by rebound in oil price,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.92; (P) 146.93; (R1) 147.73; . A temporary top is in place at 148.09 in GBP/JPY, ahead of 148.42 resistance. Intraday bias is turned neutral for...

Dollar remains the strongest major currency for the week as markets await a bunch of key economic data from US. The list include CPI which is expected to slowed to 2.3% yoy in April. Core CPI is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 147.27; (P) 147.69; (R1) 148.26; Intraday bias in GBP/JPY stays on the upside at this point. Whole rise from 122.36 is resuming and break of 140.20 resistance...

New Zealand Dollar tumbles sharply today after RBNZ left official cash unchanged at 1.75% but issued a dovish statement. There were anticipations that the central bank would raise the outlook on...

GBP/JPY Daily OutlookDaily Pivots: (S1) 146.62; (P) 147.25; (R1) 148.06; GBP/JPY's rally extends to as high as 147.86 so far and intraday bias remains on the upside for 148.20 resistance. As noted...

Dollar retreats mildly today but remains the strongest major currency for the week. The greenback is firmly supported by expectation of a June Fed hike. And comments from Fed officials indicate that...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.90; (P) 146.28; (R1) 146.92; GBP/JPY's rally continues today and reaches as high as 147.27 so far. Intraday bias remains on the upside. Rise from 122.36...