ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 156.09; (P) 158.00; (R1) 159.04; GBP/JPY's decline continues today and reaches as low as 156.29 so far. Intraday bias remains on the downside. The fall from...

Crude oil reached as high as 33.53 overnight but pared back some again after Saudi Oil Minister Ali Al-Naimi effectively ruled out production cuts by major producers anytime soon. WTI is trading at...

EUR/JPY Daily OutlookDaily Pivots: (S1) 158.73; (P) 160.13; (R1) 161.15; GBP/JPY's decline finally resumed by taking out 159.79 support and reaches as low as 157.97 so far today. Intraday bias is...

Commodity currencies are generally higher as rebound in oil and stocks extended. WTI crude oil rose to as high as 33.45 before retreating mildly. DJIA closed at 16620.66, up 228.67 pts or 1.4%, above...

GBP/JPY Daily OutlookDaily Pivots: (S1) 161.63; (P) 162.79; (R1) 163.55; Intraday bias in GBP/JPY remains neutral for the moment. Consolidation pattern from 159.79 might extend. But upside should be...

Sterling opens the week broadly lower as prime minister David Cameron finally announced to hold the EU referendum on June 23. Pro-Europeans argued that a "yes" to Brexit would rock the EUR and trigger...

Risk Rebound Might Be Ending, Sterling to be Pressured on EU Referendum AnnouncementGlobal stock markets rebounded last week as expected, together with crude oil. DJIA rose to as high as 16511.84...

GBP/JPY Daily OutlookDaily Pivots: (S1) 161.63; (P) 162.79; (R1) 163.55; Intraday bias in GBP/JPY remains neutral for the moment and consolidations might continue. Upside of recovery should be...

Asian markets are generally lower as crude oil pares gains. At the time of writing, Nikkei is trading down -360 pts, or -2.2% while Hong Kong HSI is down -120 pts, or -0.6% and China SSE (L:SSE) is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 161.77; (P) 162.82; (R1) 164.09; Intraday bias in GBP/JPY remains neutral for the moment and consolidations might continue. Upside of recovery should be...

Development in oil prices remained the main driver in the financial markets. Iran showed supports on the deal between Russia and some OPEC members to freeze oil output. Yet, it refrained from joining...

GBP/JPY Daily OutlookDaily Pivots: (S1) 164.46; (P) 165.10; (R1) 166.02; Intraday bias in GBP/JPY remains neutral for the moment and consolidations might continue. Upside of recovery should be...

Asian markets spiral lower after initial strength as WTI crude oil dip back below 29 handle. Nikkei lost -218 pts or -1.36% while Hong Kong HSI is trading down -130 pts, or -0.7%. Traders were clearly...

GBP/JPY Daily OutlookDaily Pivots: (S1) 164.46; (P) 165.10; (R1) 166.02; Intraday bias in GBP/JPY remains neutral for the moment for consolidations above 159.79 temporary low. Upside of recovery...

Aussie is generally higher in Asian session today on easing risk aversion and as RBA signals wait and see on wait cut. Nikkei extends this week's rebound and is trading up 220 pts, or 1.4% at the time...

GBP/JPY Daily OutlookDaily Pivots: (S1) 162.26; (P) 163.51; (R1) 165.37; Intraday bias in GBP/JPY remains neutral for the moment for consolidations above 159.79 temporary low. Upside of recovery...