ActionForex

US equities closed lower overnight as DJIA suffered the second triple digit loss since presidential election. DJIA closed down -111.36 pts, or -0.56%, at 19833.68. S&P 500 lost -18.96 pts, or...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.66; (P) 143.96; (R1) 144.33; The consolidative trading from 148.42 is still in progress. Intraday bias in GBP/JPY remains neutral first. As long as 142.98...

Trading in financial markets are generally subdued in holiday mood. DJIA closed up 11.23 pts, or 0.06%, overnight at 19945.04, still struggling to take out 20000 handle. S&P 500 also closed up...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.94; (P) 144.76; (R1) 145.22; The consolidative trading from 148.42 is still in progress. Intraday bias in GBP/JPY remains neutral first. As long as 142.98...

The Japanese Yen edges mildly lower in very quiet holiday trading today. A bunch of weak economic data is weighing slightly on the currency. Japan national CPI core dropped -0.4% yoy in November,...

The financial markets are generally steady ahead of holiday weekend. Dollar index is back below 103 handle but is staying in tight range between 102.50/103.50. Gold follows and stays in range between...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.00; (P) 145.67; (R1) 146.44; GBP/JPY's consolidation from 148.42 is still in progress and and intraday remains neutral. As long as 142.98 minor support...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.00; (P) 145.67; (R1) 146.44; Intraday bias in GBP/JPY remains neutral for consolidation below 148.42 temporary top. Further rally is expected as long as...

New Zealand dollar stays soft today in spite of better than expected data. GDP grew 1.1% qoq in Q3, up from prior quarter's 0.7% qoq, and beat expectation of 0.8% qoq. Statistics New Zealand noted...

US equities surged yesterday on Santa rally, yet DJIA failed to take out 20k handle and closed at 19974.62, up 91.56 pts, or 0.46%. It was, nonetheless, a record high. Meanwhile, S&P 500 also...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.00; (P) 145.67; (R1) 146.44; Intraday bias in GBP/JPY remains neutral for consolidation below 148.42 temporary top. Further rally is expected as long as...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.98; (P) 145.64; (R1) 146.75; GBP/JPY formed a temporary top at 148.42 and turn into consolidation. The pair recovered mildly after breaching 4 hours 55 EMA...

Yen weakens mildly today even though BoJ offered a brighter view on the economy after keeping monetary policies unchanged. Interest rate was held at -0.1% and the asset purchase program was also kept...

Dollar surged broadly last week as Fed delivered the expected rate hike and painted a more hawkish rate outlook for 2017. Dollar index resumed the long term up trend and reached a 14 year high at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.92; (P) 147.18; (R1) 148.04; GBP/JPY lost some upside momentum again as seen in 4 hours MACD. But further rally is expected to long term fibonacci level at...

Dollar is set to to end the week as the strongest major currency as markets continue bet on faster rate hike by Fed next year. Fed fund futures are pricing in more than 75% chance of another hike by...