ActionForex

Aussie and Kiwi opened the week higher with support from economic data. Meanwhile, sterling also extended rally against the greenback and yen with support from cross buying against Europeans. Yen is...

The yen's broad based weakness continued last week on the back of extended rally in risk markets as well as expectation of further stimulus from BoJ. US equities continued to make new record high with...

GBP/JPY Daily OutlookDaily Pivots: (S1) 166.32; (P) 166.81; (R1) 167.67;The GBP/JPY's rally continues today and reaches as high as 167.89 so far. Intraday bias remains on the upside for 168.11 long...

Yen selloff remains the main theme in quiet holiday trading today. Inflation data released from Japan today showed national CPI core accelerated to 0.9% yoy in October, inline with expectation. Tokyo...

GBP/JPY Daily OutlookDaily Pivots: (S1) 164.76; (P) 165.60; (R1) 167.19;The GBP/JPY rises to as high as 166.65 so far today and intraday bias remains on the upside. Current rally is expected to...

European majors continue to be the strongest currency in this holiday shortened week. In particular, Sterling is strong with over 200 pips gain against Japanese yen and Canadian dollar. The euro...

GBP/JPY Daily OutlookDaily Pivots: (S1) 163.78; (P) 164.08; (R1) 164.49;Intraday bias in the GBP/JPY remains neutral for the moment and some more consolidations would be seen below 165.28 temporary...

Markets were rather quite overnight in spite of some mixed economic data from US. The Dow edged to new record high at 16120.25 but pared much gain to close nearly flat at 16072.8. S&P 500 also...

GBP/JPY Daily OutlookDaily Pivots: (S1) 163.62; (P) 164.44; (R1) 165.08;A temporary top is formed at 165.28 in the GBP/JPY and intraday bias is turned neutral first. Some consolidations would be seen...

Australian dollar recovers mildly today after RBA's comment on intervention. The aussie weakened since RBA governor Steven said he's "open-minded" on intervention. RBA deputy governor Lowe reiterated...

GBP/JPY Daily OutlookDaily Pivots: (S1) 163.71; (P) 164.03; (R1) 164.57; The GBP/JPY rises further to a high as 165.17 so far today and intraday bias remains on the upside. Current rally is still in...

Yen weakens broadly as the week starts as risk appetite continues to drive the financial markets. Asian equities opened broadly higher on news that Iran has agreed to limit its nuclear program. The...

The financial markets were rather mixed last week. A major question is whether markets are pricing in stimulus withdrawal from Fed sooner than March 2014? The answer was not clear. On the one hand,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 161.94; (P) 162.91; (R1) 164.81;GBP/JPY rises to as high as 164.07 so far today and intraday bias remains on the upside for the moment. The decisive break of...

US equities staged a strong rebound overnight as lifted by better than expected jobless claims numbers and the news that Yellen moved a step closing to becoming the next Fed chairman. DOW closed above...

GBP/JPY Daily OutlookDaily Pivots: (S1) 160.71; (P) 161.21; (R1) 161.59; More.....Intraday bias in the GBP/JPY remains neutral for the moment. Further rally could still be seen in the cross. But we'd...