ActionForex

US stocks extended the record run overnight as Trump trade remained in force. DJIA closed up 142.79 pts or 0.70% at 20412.16. S&P 500 rose 12.15 pts, or 0.52% to end at 2328.25. NASDAQ gained...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.74; (P) 141.55; (R1) 142.10; GBP/JPY's rebound from 138.53 continues today and intraday bias stays on the upside. Price actions from 148.42 are seen as...

Risk appetite extends to Asian markets, following the records close in US last week. At the time of writing, Japan Nikkei is trading up 98 pts or 0.5%, HK HSI is up 120 pts or 0.5%. Yen trades broadly...

US stocks soared to new record high last week on resurgence of talk of president Donald Trump's expansive policies. In particular, bulls regained control after Trump said he would announce...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.38; (P) 141.09; (R1) 142.17; Rebound from 138.53 extended and the break of 141.96 minor resistance suggests that pull back from 144.77 is finished at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.88; (P) 140.28; (R1) 140.75; Intraday bias in GBP/JPY remains neutral for the moment. Overall, price actions from 148.42 are viewed as a corrective...

New Zealand Dollar weakens after RBNZ left the Official Cash Rate (OCR) unchanged at 1.75%. More importantly, the central bank adopted a more dovish outlook for the OCR. RBNZ now forecast interest...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.19; (P) 139.89; (R1) 141.25; GBP/JPY recovered after hitting 138.53 and intraday bias is turned neutral first. Overall, price actions from 148.42 are...

The financial markets are lacking clear direction for the moment. DJIA hit new record high at 20155.35 overnight but pared back much gain to close at 20090.29, up only 0.19%. Treasury yields dropped...

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.76; (P) 139.75; (R1) 140.30; Intraday bias in GBP/JPY remains on the downside for 136.44 support and below. Current decline from 144.77 is seen as the...

Dollar recovers mildly today but momentum stays weak. Philadelphia Fed president Patrick Harker said that he's open to a March hike, but markets thought otherwise. Harker noted that he's "supportive...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.90; (P) 140.94; (R1) 141.50; The break of 140.43 minor support argues that GBP/JPY's rebound from 136.44 has completed at 144.77 already. And, the...

The forex markets are generally staying in tight range today with Dollar, Euro and Aussie trading with a soft tone. Recent developments in the US is prompting some analysts to push back their...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.16; (P) 141.84; (R1) 142.94; GBP/JPY is staying in range of 140.43/144.77 and intraday bias remains neutral first. With 140.43 minor support intact,...

Dollar trades mildly higher in Asian session today but remains the second weakest major currency for the week, next to Sterling. Main focus is turning to employment data from US. Markets are expecting...

EUR/JPY Daily OutlookDaily Pivots: (S1) 121.52; (P) 122.01; (R1) 122.45; EUR/JPY's sideway consolidation from 124.08 is still in progress and intraday bias stays neutral at this point. Another fall...