ActionForex

The financial markets open mixed this week with dollar paring some of last week's loss but stays weak. Asian equities are trading slightly lower at the tie of writing with Nikkei down -103.46 pts or...

Stocks and crude oil surged for another week on a couple of factors. DJIA extended the rebound from February's low of 15503.01 and closed at 17006.77, up 366.8 points. S&P 500 also closed up 51.94...

GBP/JPY Daily OutlookDaily Pivots: (S1) 160.07; (P) 160.68; (R1) 161.72; Intraday bias in GBP/JPY remains neutral for consolidations above 154.70 temporary low. Recovery should be limited by 166.07...

US stocks extended rally overnight as focus is turning to employment data. DJIA closed up 44.58 pts, or 0.26%, at 16943.9. S&P 500 closed up 6.95 pts, or 0.35% at 1993.4. Meanwhile, the rebound in...

GBP/JPY Daily OutlookDaily Pivots: (S1) 158.79; (P) 159.67; (R1) 160.62; Intraday bias in GBP/JPY remains neutral for consolidations above 154.70 temporary low. Recovery should be limited by 166.07...

Commodity currencies continue to edge higher today together with Sterling and strong momentum is seen in Aussie. Meanwhile, Yen remains weak on return of risk appetite while Euro is feeling the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 156.93; (P) 158.22; (R1) 160.31; Intraday bias in GBP/JPY remains neutral for consolidations above 154.70 temporary low. Recovery should be limited by 166.07...

US equities staged a strong rally on the first day on March with DJIA closed up 348.58 pts, or 2.11%, at 16865.08. S&P 500 also rose 46.12 pts, or 2.39% to close at 1978.35. Asian equities follow...

GBP/JPY Daily OutlookDaily Pivots: (S1) 155.99; (P) 156.98; (R1) 157.76; Intraday bias in GBP/JPY remains neutral for consolidations above 154.70 temporary low. Recovery should be limited by 166.07...

Australian dollar remains steady after RBA left the cash rate unchanged at 2.00% as widely expected. The central bank provided nothing new in the accompanying statement. It noted that "Over the period...

Global equities staged a rebound last week as led by rise in oil price. Both DJIA and S&P 500 took out 55 days EMA even though momentum was unconvincing. Meanwhile, WTI crude oil tried to rise...

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.31; (P) 157.93; (R1) 158.67; Intraday bias in GBP/JPY remains neutral for consolidations above 154.70 temporary low. Recovery should be limited by 166.07...

Yen opens the week mildly firmer as China stocks led Asian equities lower. Investors are also dissatisfied with the lack of concrete measures by G20 leaders after this year's market turmoil. The joint...

GBP/JPY Daily OutlookDaily Pivots: (S1) 156.36; (P) 157.13; (R1) 158.48; A temporary low is in place at 154.70 and intraday bias is turned neutral. Recovery should be limited by 166.07 resistance and...

Crude oil continues to lead risk markets today. WTI edges higher to 33.42 and takes global equities up. At the time of writing, FTSE is trading up 1.2%, DAX up 2.1%, CAC up 1.8%. Gold, on the other...

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.83; (P) 156.06; (R1) 157.42; Intraday bias in GBP/JPY remains on the downside with 159.79 minor resistance intact. Deeper decline should be seen to 100%...