ActionForex

Dollar recovered mildly against Euro and Yen but stays weak against other major currencies after Fed chair Janet Yellen's testimony before Senate Banking Committee. Yellen noted a few risks to law...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.13; (P) 152.38; (R1) 153.90; The break of 152.93 resistance suggests that a short term bottom is already formed at 145.38. Intraday bias is back on the...

The financial markets turned steady after yesterday risk appetite rally. Nikkei opened the day mildly lower but pared loss quickly. That followed 129.7 pts, or 0.73% rally in DJIA overnight. Sterling...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.25; (P) 149.08; (R1) 150.25; GBP/JPY recovers strongly today. But at this point, we'd still expect resistance from 152.93 to limit upside and bring fall...

European majors open the week sharply higher as latest Brexit polls in UK showed that support has swung back to the "remain" camp. A poll by Survation for the Mail on Sunday showed 45% supporting...

Brexit and Yen strength were the two main themes in the markets last week. Sterling tumbled initially during on increasing risk of Brexit but recovered towards the end. In deed, the pound ended as the...

Asian stocks recover mildly today on talk that Brexit risks abate. Murder of pro-EU British MP Jo Cox brought the campaigns of both sides to a pause yesterday. The IMF has also postponed the release...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.73; (P) 150.10; (R1) 151.03; GBP/JPY's decline accelerates today and met long term fibonacci level at 147.01. There is no sign of bottoming and intraday...

Yen jumps sharply after BoJ let monetary policies unchanged. The policy board maintained the target of annual monetary base expansion at JPY 80T by 8-1 vote. Interest rate was held at -0.1% by 7-2...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.73; (P) 150.10; (R1) 151.03; Intraday bias in GBP/JPY remains on the downside for the moment. Prior break of 151.64 support confirms resumption of whole...

Markets will temporary move attention from Brexit to central bank meetings. FOMC rate decision, economic projections and press conference will be the main focus today. There is practically no chance...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.90; (P) 151.14; (R1) 152.83; Intraday bias in GBP/JPY remains on the downside for the momentum Prior break of 151.64 support confirms resumption of whole...

Risk aversion continues to dominate the global financial markets on Brexit fears. Nikkei suffers another day of selloff and is trading down -204 pts, or -1.28% at the time of writing. That followed...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.93; (P) 152.98; (R1) 154.47; GBP/JPY's fall accelerates today and strong break of 151.64 support confirms resumption of whole decline from 195.86. Intraday...

Yen surges as another week starts with stocks tumbling sharply on Brexit worries. Investors are now viewing Brexit as a genuine risk as the June 23 referendum approaches. At the time of writing,...

Sterling weakened broadly last week as Brexit anxiety intensified. In particular, selloff in the pound accelerated late Friday after the Independent poll showed that the "leave" camp got a 10 point...