ActionForex

Risk aversion was the dominant theme for most part of last week until Friday, when stocks and oil staged a strong rebound, together with treasury yields. It should be noted that DJIA, S&P 500 and...

Stocks remain generally under pressure in Asian session today. Japan is back from holiday with Nikkei plunged to the lowest point in more than a year before paring some loss. Nikkei still trading down...

GBP/JPY Daily OutlookDaily Pivots: (S1) 163.47; (P) 165.55; (R1) 166.69; GBP/JPY's decline continues and firm break of 163.96 resistance confirmed resumption of larger decline from 195.86. Intraday...

US equities ended mixed overnight as there was some support on expectations that Fed would delay further rate hike. But worries on growth also persisted. DJIA lost -99.64 pts or -0.62% to close at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 165.03; (P) 166.10; (R1) 167.67; Intraday bias in GBP/JPY remains on the downside for 163.96 low. Break will confirm resumption of larger fall from 195.86 and...

US markets ended mildly lower last night after see-saw price actions. DJIA lost -12.67 pts or -0.08% to close at 16014.38 while S&P 500 lost -1.23 pts or -0.07% to close at 1852.21. Crude oil...

GBP/JPY Daily OutlookDaily Pivots: (S1) 165.21; (P) 167.91; (R1) 169.87; The strong break of 168.55 minor support confirmed that recovery from 163.96 is finished at 175.01 already. Intraday bias is...

Yen extends broad based rally together with Swiss Franc as the financial markets are in full risk averse mode. DJIA dived to as low as 15803.55 overnight before paring some loss to close at 16027.05,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 168.72; (P) 169.63; (R1) 170.28; Intraday bias in GBP/JPY remains neutral for the moment. The corrective rise from 163.96 could have finished. Break of 168.55...

The forex markets opened the week quite quietly on thin holiday trading due to lunar new year. Major pairs and crosses are stuck in Friday's range even though mild strength is seen in sterling and...

Dollar recovers mildly but remains the weakest major currency this week as market awaits employment data from US. Non-farm payroll report is expected to show 192k growth in jobs in January while...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.81; (P) 172.28; (R1) 173.51; The recovery from 163.96 could extend to 55 days EMA (now at 176.08). But still, we're treating it as a corrective pattern and...

Dollar tumbled overnight as New York Fed president William Dudley warned that the slowdown in global economy and strengthening of dollar could have "significant consequences" for the US economy. He...

GBP/JPY Daily OutlookDaily Pivots: (S1) 172.15; (P) 173.41; (R1) 174.09; The recovery from 163.96 could extend to 55 days EMA (now at 176.10). But still, we're treating it as a corrective pattern and...

WTI crude oil extended this week's fall overnight and broke below 30 handle again. The development dragged US equities with DJIA lost -295.6 pts, or -1.8% to close at 16153.54. S&P 500 also...

GBP/JPY Daily Outlook Daily Pivots: (S1) 173.00; (P) 174.00; (R1) 175.60; The recovery from 163.96 could extend to 55 days EMA (now at 176.27). But still, we're treating it as a corrective pattern...