ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 130.58 (P) 131.26; (R1) 132.11; GBP/JPY is still staying above 129.61 support and intraday bias remains neutral. Another recovery cannot be ruled out. But...

Sterling tumbles sharply today after prime minister Theresa May laid down the timeline for Brexit. May said in the Conservative Party's annual conference that she will trigger formal Brexit talks by...

The biggest development in the markets last week was the surprised agreement by OPEC to cut production. The news boosted oil price up and helped lift commodity currencies. WTI crude oil jumped to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 130.30 (P) 131.37; (R1) 132.06; A temporary low is in place at 129.61 in GBP/JPY and more recovery could be seen. But overall, price actions from 128.66 is...

Global equities tumbled again as led by bank shares on Deutsche Bank (DE:DBKGn) jitters. It's reported that around 10 of Deutsche Bank's derivatives clearing clients were cutting of their exposures by...

GBP/JPY Daily OutlookDaily Pivots: (S1) 130.58 (P) 130.93; (R1) 131.38; The break of 132.28 minor resistance suggests that a temporary low is formed at 129.61, ahead of 129.14 support. Intraday bias...

GBP/JPY Daily OutlookDaily Pivots: (S1) 129.47; (P) 130.35; (R1) 131.00; GBP/JPY recovered ahead of 129.14 support and with 4 hours MACD back above signal line, intraday bias is turned neutral first....

The financial markets remain mixed for the week so far. US equities rebounded overnight on stronger than expected consumer confidence data. DJIA closed up 133.47 pts or 0.74% at 18228.30. S&P 500...

GBP/JPY Daily OutlookDaily Pivots: (S1) 129.47; (P) 130.35; (R1) 131.00; Intraday bias in GBP/JPY stays mildly on the downside with focus on 129.14 support. We maintained the view that price actions...

The financial markets are trading mixed in the early part of the week so far. US equities closed lower with DJIA losing -166.62 pts or -0.91% to close at 18094.83. S&P 500 also dropped -18.59 pts...

GBP/JPY Daily OutlookDaily Pivots: (S1) 130.12; (P) 131.19; (R1) 131.95; GBP/JPY's fall resumed day with intraday bias back to the downside. We maintained the view that price actions from 128.66 are...

The Japanese Yen and Swiss Franc opened the week higher on risk aversion. European stocks are trading generally lower with major indices down more than -1% at the time of writing. Sentiments were...

Dollar weakened broadly last week after Fed stood pat and revised down interest rate projections. Nonetheless the greenback pared back some losses as markets were still expecting another rate hike in...

The impact of FOMC meeting earlier this week seems to be fading quickly. While US equities closed higher overnight, with DJIA gained 98.76 pts or 0.54% and S&P 500 up 14.06 pts, or 0.65%. Asian...

GBP/JPY Daily OutlookDaily Pivots: (S1) 129.65; (P) 131.45; (R1) 132.50; Intraday bias in GBP/JPY remains neutral first and strong recovery cannot be ruled out. But recent price actions from 128.66...

Dollar weakened overnight while stocks rebounded after Fed kept interest rate unchanged as widely expected. The target rate was held between 0.25% and 0.50% but Kansas City Fed President Esther...