ActionForex

Euro has been very resilient in the global market rout at the beginning of the year. The common currency is still being supported by ECB easing back in December that failed to meet market...

GBP/JPY Daily OutlookDaily Pivots: (S1) 165.53; (P) 167.31; (R1) 168.29; GBP/JPY's fall continues and reaches as low as 164.68 so far. Long term fibonacci level at 165.67 was already met. Intraday...

Asian markets are under renewed selling pressure as oil price decline extends. Also, worries over China's slowdown persist. At the time of writing, Nikkei is trading down -2%, HK HSI down -3% while...

GBP/JPY Daily OutlookDaily Pivots: (S1) 166.26; (P) 167.20; (R1) 168.03; Intraday bias in GBP/JPY remains on the downside for long term fibonacci level at 165.67 first. Break will target 161.8%...

The financial markets are generally steady in spite of a batch of weak economic data from China. China's GDP grew 6.8% yoy in Q4, missing expectation of 6.9% yoy. For 2015 as a whole, the economy grew...

GBP/JPY Daily OutlookDaily Pivots: (S1) 165.12; (P) 167.84; (R1) 169.44; Intraday bias in GBP/JPY remains on the downside for long term fibonacci level at 165.67 first. Break will target 161.8%...

The global market rout took a breather earlier last week but came back quickly towards the end. DJIA lost 358.37 pts, or 2.2% over the week to close at 15988.08, below 16000 handle. S&P 500 lost...

Asian markets are generally lower as another wee started but loss is limited. The MSCI Asia ex-Japan index dropped to the lowest level since October 2011. Meanwhile, Nikkei is down more than -1.1%....

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.14; (P) 169.82; (R1) 170.82; Intraday bias in GBP/JPY remains on the downside for next long term fibonacci level at 165.67. On the upside, above 173.35...

Dollar remains generally higher this week except versus Aussie. Stabilizing sentiments in stock markets is giving the greenback some support. But overall there is no sign of a change in trend in the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 168.91; (P) 170.10; (R1) 170.70; Intraday bias in GBP/JPY remains on the downside for next long term fibonacci level at 165.67. On the upside, above 173.35...

Asian markets were sharply lower in initial trading, in reaction to the -2.21%, or -364.8 pts fall in DJIA overnight. But there seems to be some bargain hunting towards the end of Asian session. The...

GBP/JPY Daily OutlookDaily Pivots: (S1) 168.83; (P) 170.26; (R1) 171.36; Intraday bias in GBP/JPY remains on the downside for next long term fibonacci level at 165.67. On the upside, above 173.35...

Asian equities open higher today in reaction to the rebound in US equities overnight. DJIA closed up 117.65 pts or 0.72% to close at 16515.22 but was kept well below 17000 handle. At the time of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.60; (P) 170.94; (R1) 172.56; Intraday bias in GBP/JPY remains on the downside for next long term fibonacci level at 165.67. On the upside, above 173.35...

Canadian dollar suffer selloff on a relatively quiet week so far. WTI crude oil tumbled to fresh low and hit as low as 30.88 overnight and stays soft at around 31 in Asian session. There were talks...