ActionForex

Nikkei tumbles sharply on weak economic data from Japan but yen is mildly higher. The Tankan large manufacturers index dropped to 6 in Q1, down from 12, below consensus of 8. Large manufacturing...

GBP/JPY Daily OutlookDaily Pivots: (S1) 161.14; (P) 161.85; (R1) 162.38; Intraday bias in GBP/JPY stays mildly on the upside for 164.09 resistance. The rebound from 154.70 is possibly still in...

The financial markets continue the ride on theme that Fed will only adopt a very gradual pace of rate hikes. DJIA extended recent rally and closed up 83.55 pts, or 0.47%, at 17716.66. S&P 500...

GBP/JPY Daily OutlookDaily Pivots: (S1) 161.49; (P) 161.99; (R1) 162.66; Intraday bias in GBP/JPY stays mildly on the upside for 164.09 resistance. The rebound from 154.70 is possibly still in...

Dollar weakened broadly on dovish comments from Fed chair Janet Yellen. As Yellen spoke at the Economic Club of New York, she suggested that it is "appropriate for the committee to proceed cautiously...

GBP/JPY Daily OutlookDaily Pivots: (S1) 161.54; (P) 161.67; (R1) 161.86; Intraday bias in GBP/JPY stays mildly on the upside for 164.09 resistance. The rebound from 154.70 is possibly still in...

Dollar recovers mildly in Asian session but stays pressured except versus yen. Investors continue to gauge the chance of Fed's rate hike on incoming data and analyses. Accord to Atlanta Federal...

EUR/JPY Daily OutlookDaily Pivots: (S1) 125.93; (P) 126.18; (R1) 126.48; EUR/JPY recovered strongly after dipping to 124.66. The development suggests that recovery from 122.06 is still in progress....

Yen is mildly lower today but stays mixed for the week so far. In the "Summary of Opinions at the Monetary Policy Meeting", BoJ noted there was discussion on rolling back negative rates. One of the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 158.21; (P) 159.85; (R1) 161.27; Intraday bias in GBP/JPY remains on the downside for the 154.70 low. Break will extend the larger down trend. In case of...

Volatility in financial markets continues to decrease as holiday weekend approaches. US equities stayed in tight range overnight and closed mildly lower. DJIA ended down -16 pts or -0.09% while...

GBP/JPY Daily OutlookDaily Pivots: (S1) 160.19; (P) 160.77; (R1) 161.42; Breach of 158.99 minor support suggest that fall from 164.09 is resuming. Intraday bias is back on the downside for 154.70 low...

US equities ended mildly higher overnight but continued to lose upside momentum. DJIA gained 21.57 pts or 0.12% while S&P 500 gained 2.02 pts or 0.10%. Asian indices, except Japan, opened...

GBP/JPY Daily OutlookDaily Pivots: (S1) 160.57; (P) 161.17; (R1) 162.00; Intraday bias in GBP/JPY is neutral with focus on 158.99. Break will target 154.60 low first. Break will extend the larger...

Commodity currencies are generally lower as the markets started a holiday shortened week. WTI is extending the pull back from last week's high of 41.42 and is back below 39 handle, dragging down...

Equities were given another boost by the more dovish than expected FOMC announcement last week while dollar tumbled broadly. DJIA closed the week up 389 pts, or 2.3% at 17602.30. S&P 500 also...