ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.70; (P) 141.58; (R1) 142.73; Despite breaching 140.74 minor support briefly, GBP/JPY quickly rebounded . Intraday bias stays neutral for the moment first....

Dollar is trying to recover today but remains the weakest major currency as markets turn their focus to FOMC rate decision today. The greenback has been under much selling pressure since the start of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.95; (P) 142.78; (R1) 143.89; A temporary top is in place at 144.77 in GBP/JPY and intraday bias is turned neutral first. As long as 140.74 minor support...

Yen gains broadly on risk aversion as the drama of US president Donald Trump's immigration ban continued. DJIA closed down -122.65 pts, or -0.61%, at 19971.13 overnight, below 20000 handle. S&P...

GBP/JPY Daily Outlook Daily Pivots: (S1) 143.97; (P) 144.37; (R1) 144.76; Intraday bias in GBP/JPY remains mildly on the upside at this point. As noted before, corrective fall from 148.42 has...

The financial markets traded with solid risk appetite last week and the three major US equity indices surged to new record highs in US president Donald Trump's first week in White House. Markets took...

Asian markets trade lower as the week starts on concerns of unrests and geopolitical tensions caused by US president Donald Trump's executive order regarding immigration ban. Trump signed an executive...

EUR/JPY Daily OutlookDaily Pivots: (S1) 121.76; (P) 122.21; (R1) 122.76; Intraday bias in EUR/JPY stays neutral as consolidation from 124.08 extends. Rebound from 109.20 is not finished yet. Break of...

Yen falls broadly today on news that BoJ boosted JGB purchases. The move is seen as an act under the so called yield curve control to cap surge in yields, which touched 11 month highs earlier this...

For the 24 hours to 23:00 GMT, the EUR rose 0.17% against the USD and closed at 1.0747. Yesterday, data indicated that German business sentiment deteriorated in January, amid mounting fears about...

Risk appetite continued in the market as US equities extended record run. DJIA finally took out 20000 handle to close at 20068.52, up 155.80 pts or 0.78%. S&P 500 closed up 18.3 pts, or 0.80%, at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.02; (P) 142.86; (R1) 143.91; Intraday bias in GBP/JPY remains on the upside as rebound from 136.33 extends today. Corrective fall from 148.42 should have...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.31; (P) 141.90; (R1) 143.05; The break of 142.16 support turned resistance suggests that corrective full from 148.42 has completed at 136.44. And, larger...

US stocks surged overnight as boosted by strong corporate earnings as led by tech and finance. There was additional support on news that president Donald Trump signed two executive orders with the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.65; (P) 141.36; (R1) 141.98; Intraday bias in GBP/JPY remains neutral for the moment. On the upside, firm break of 142.16 will indicate completion of the...

Dollar recovers mildly today but stays in red across the board for the week so far. The dollar index hit as low as 99.89 and is trying to defend 100 handle for the moment. Treasury yields tumbled...