ActionForex

Risk aversion dominated the global financial markets last week, led by developments in China. The newly implemented circuit breaker in Chinese stock markets were triggered twice during the week on...

GBP/JPY Daily Outlook Daily Pivots: (S1) 169.46; (P) 171.40; (R1) 172.44; Intraday bias in GBP/JPY remains on the downside for next long term fibonacci level at 165.67. On the upside, above 173.35...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.56; (P) 172.15; (R1) 173.56; A temporary low is in place at 170.74 and intraday bias is turned neutral first. Some consolidations would be seen but outlook...

DJIA dropped sharply for another day by -392.41 pts, or -2.32%, to close at 16514.10. But Asian markets stabilized as China suspended the new "circuit breaker" that halted stock market trading twice...

GBP/JPY Daily Outlook Daily Pivots: (S1) 172.64; (P) 173.77; (R1) 174.46; GBP/JPY's fall is still in progress and accelerates. 100% projection of 195.86 to 180.36 from 188.79 at 173.9 is already...

Risk aversion dominates the Asian markets again and renewed selling is seen in stocks. China market halted trading after hitting the 7% circuit breaker for the second time this week. At the time of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 173.81; (P) 174.98; (R1) 175.88; GBP/JPY's decline is still in progress and intraday bias remains on the downside for 100% projection of 195.86 to 180.36 from...

Yen extends this week's rally while commodity currencies are under pressure in Asian session today. While China stocks stabilized and recover mildly, major Asian indices are generally lower. At the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 174.68; (P) 176.02; (R1) 177.09; GBP/JPY dropped to as low as 174.93 and recovered mildly ahead of 174.86 key support level. There is no clear sign of...

Yen pares back some gain in Asian session as global stock markets stabilized. DJIA closed down -276.09 pts, or -1.58% after losing as much as -467 pts overnight. The selloff in global markets were led...

GBP/JPY Daily OutlookDaily Pivots: (S1) 176.41; (P) 177.56; (R1) 178.17; GBP/JPY's decline accelerates to as low as 175.99 so far and intraday bias remains on the downside for 174.86 key support...

Asian markets start off 2016 in red on concerns over escalating tensions in middle east and as reactions to weak economic data from China. Nikkei opened lower suffered deeper selling as the morning...

Trading in the financial markets remained dull in holiday mood. DJIA continued to struggle to find momentum for breakout and lost -117.11 pts, or -0.66% overnight to close at 17603.87. S&P 500...

GBP/JPY Daily OutlookDaily Pivots: (S1) 177.91; (P) 178.72; (R1) 179.33; GBP/JPY's fall resumed after brief consolidations and reaches as low as 178.10 so far. Intraday bias is back on the downside....

Sterling and Swiss Franc are so far the weakest major currencies in a quiet holiday trading week. The pound is weighed down by talks that the uncertainties over EU referendum in UK in 2016 would delay...

GBP/JPY Daily OutlookDaily Pivots: (S1) 178.67; (P) 179.36; (R1) 179.77; Intraday bias in GBP/JPY remains neutral for consolidation above 178.95 temporary low. In case of recovery, upside should be...