ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.29; (P) 172.23; (R1) 174.37; The recovery from 163.96 could extend to 55 days EMA (now at 176.30s). But still, we're treating it as a corrective pattern...

Japanese stocks opened the week higher as the post BoJ rally extends. But China equities are under mild pressure after PMI misses. Aussie is also weighed down mildly on concern of slowdown in China....

Global equities markets were initially give a boost by the rebound in oil price. Then on Friday, BoJ shocked the markets by cutting rate into negative territory and pushed stocks further higher. DJIA...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.12; (P) 170.13; (R1) 171.60; The rebound from 163.96 extends higher today and breached 38.2% retracement of 188.79 to 163.96 at 173.44. The rebound is...

The Japanese yen tumbles sharply today as BoJ cut its benchmark rate to -0.1%, with a 5-4 vote, from 0.1% previously. This is the central bank's first rate adjustment since October 2010. Note,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 168.31; (P) 169.16; (R1) 169.77; Intraday bias in GBP/JPY remains neutral for the moment. The consolidation from 163.96 short term bottom could extend with...

US equities reversed early gains and closed lower overnight after Fed statement. DJIA lost -222.77 pts, or -1.38%, to close at 15944.46. Nonetheless, resilience in oil price, which is back above 32,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 167.89; (P) 168.94; (R1) 169.59; Intraday bias in GBP/JPY remains neutral for the moment. The consolidation from 163.96 short term bottom could extend with...

Crude oil led rebound in stocks overnight as DJIA closed up 282.01, or 1.78% at 16167.23. S&P 500 rose 26.55 pts, or 1.41% to close at 1903.63. WTI breached 30 handle but quickly recovered and is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 167.89; (P) 168.94; (R1) 169.59; Intraday bias in GBP/JPY remains neutral for the moment. The consolidation from 163.96 short term bottom could extend with...

Renewed weakness in oil prices dragged down stock markets again. WTI crude oil lost steam after hitting 32.74 yesterday and is back below 30 for the moment. DJIA ended lower on energy stocks and lost...

The financial markets are relatively steady as the week starts with stock markets extending recovery in Asia. But European indices open near flat only. Three central bank meetings will be the main...

We've noted the possibility of a near term rebound in stock markets in last weekly and it did happen, even though it's not for the reason we mentioned. ECB's hint of extra easing sent stocks sharply...

EUR: The single currency tumbled as ECB's Draghi suggest more easing, bids at 1.0865-75, 1.0855 and 1.0840, 1.0825 and 1.0800 were filled, however, some buy orders are reported at 1.0770-75 and...

GBP/JPY Daily OutlookDaily Pivots: (S1) 165.28; (P) 166.49; (R1) 168.54; A short term bottom is likely in place at 163.96 in GBP/JPY, just ahead of 161.8% projection of 195.86 to 180.36 from 188.79...

Global stock markets staged a strong rebound as sentiments were lifted by ECB's hint of further easing. Nikkei rose as much as 941 pts or 5.88% today to 16958.53, just missing 17000 mark. Hong Kong...