ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.23; (P) 140.84; (R1) 141.51; Intraday bias in GBP/JPY remains on the downside as fall from 148.42 short term top is in progress. Further decline should be...

US equities closed mixed overnight as markets await president-elect Donald Trump's first post election press conference. DJIA continued to struggle in tight range below 20000 handle and closed down...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.18; (P) 142.01; (R1) 142.99; GBP/JPY's fall from 148.42 resumed by taking out 142.16 and reaches as low as 140.60 so far. The development confirms short...

Sterling remains the weakest major currency this week as pressured by uncertainties over Brexit. UK prime minister Theresa May blamed the fall in the Pound's exchange rate on media's misinterpretation...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.02; (P) 143.53; (R1) 144.10; Intraday bias in GBP/JPY remains neutral for the moment. Rise from 122.36 is seen as a corrective move. Below 142.16 will...

The markets originally looked set for a general trend reversal with the synchronized sharp decline in US stocks, yield and the Dollar leading into 2017. Nonetheless, equities staged a strong come back...

Sterling opens the week broadly lower as weighed down by comments from UK prime minister Theresa May. May emphasized in a televised interview that Brexit is about "getting the right relationship, not...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.24; (P) 143.44; (R1) 144.40; Intraday bias in GBP/JPY remains neutral for the moment. On the downside, break of 142.16 support should confirm short term...

US treasury yields tumbled sharply as markets corrected the post election rally. Surge in yields since November was driven by anticipation of Donald Trump's policies of higher spending, lower taxes...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.76; (P) 144.34; (R1) 145.01; GBP/JPY failed to sustain above 4 hours 55 EMA and intraday bias is turned neutral again On the downside, break of 142.16...

The financial markets reacted differently to the FOMC minutes overnight. Stocks seemed to have taken the more optimistic view of the minutes. DJIA closed up 60.4 pts, or 0.30%, at 19942.16. S&P...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.25; (P) 144.32; (R1) 145.15; Intraday bias in GBP/JPY is mildly on the upside for 148.42 resistance. Pull back from there could have completed at 142.16...

Dollar surged with stocks and yield overnight but momentum was unconvincing. Dollar index hit as high as 103.82 but failed to sustain above recent resistance at 103.65. The index is currently trading...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.19; (P) 143.89; (R1) 145.12; Break of 144.69 minor resistance argues that pull back from 148.42 is finished at 142.16. Intraday bias in GBP/JPY is turned...

Aussie and Kiwi open the year mildly higher as lifted by China data. The Caixin PMI manufacturing for China rose to 51.9 in December, much better than expectation of being unchanged at 50.9. That's...

Euro spiked higher in Asian session on ultra thin market condition but quickly retreated. EUR/USD hit as high as 1.0653 but is back at 1.0530 at the time of writing. The pair is also limited well...