ActionForex

Asian equities are broadly lower today following the -93 pts fall in DOW overnight. There were more official comments regarding Fed's tapering. Chicago Fed Evans noted "good improvement in the labor...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.31; (P) 150.90; (R1) 151.49;Intraday bias in GBP/JPY remains neutral first. Above 151.53 will bring further rebound towards 154.04 to extend the...

Australian dollar recovers broadly after RBA cut rates by another 25bps as widely expected to 2.50% today. The statement was a bit less dovish then the prior one and was more neutral. RBA dropped the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.47; (P) 151.00; (R1) 151.82;GBP/JPY retreats sharply today and intraday bias is turned neutral first. Above 151.53 will bring further rebound towards 154.04...

New Zealand dollar opens the week sharply lower as weighed now by news that the major dairy exporter, Fonterra, found a rare botulism bacteria in some of its products. The discovery triggered ban from...

Dollar ended an eventful week higher against most major currencies except Euro. Nonetheless, the greenback pared much gains towards the end of week after non-farm payroll letdown. Euro ended the week...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.26; (P) 148.88; (R1) 149.48;The strong rebound from 148.24 and break of 150.92 minor resistances indicates that fall from 154.04 is completed. More...

Dollar remains firm as markets are waiting for another piece of important economic data from US today. The non-farm payroll report is expected to show 185k growth in July while unemployment rate is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.26; (P) 148.88; (R1) 149.48;The break of 148.77 support confirmed the bearish case. That is, fall from 154.04 is resuming whole corrective pattern from...

Dollar pared some of yesterday's gain in Asian session today but remained generally firm. Yesterday's FOMC meeting turned out to be more dovish than expected with policymakers warned that modest...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.72; (P) 149.82; (R1) 150.45;GBP/JPY's fall from 154.04 continues today and intraday bias remains on the downside for 148.77 support. Such decline is viewed...

Dollar remains mixed as markets are awaiting for a big day in US. FOMC statement will catch most attention. There were expectation for Fed to provide better guidance on quantitative easing, at a time...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.29; (P) 151.59; (R1) 152.48; GBP/JPY dips to 150.33 so far today and intraday bias remains on the downside. As noted before, recovery from 147.10 has...

Dollar weakened broadly last week as markets started to prepare for the coming eventful week, which featured a number of imp rot ant economic data plus FOMC meeting. The Fed meeting would be the main...

Yen extends rebound as the week starts while Japanese stocks led Asian markets generally lower. BoJ governor Kuroda said in a speech today that he expected moderate recovery in Japan ahead and...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.85; (P) 153.45; (R1) 154.09;The break of 152.04 minor support suggests that corrective recovery from 147.10 is possibly completed at 154.04 already. Fall...