ActionForex

Japanese markets rebounds strongly today, following US and shrugging off the quarterly Tankan survey. At the time of writing Nikkei is trading over 300pts up, or 1.7%. That followed the rebound in US...

GBP/JPY Daily OutlookDaily Pivots: (S1) 180.73; (P) 181.61; (R1) 182.29 Intraday bias in GBP/JPY remains mildly on the downside for 180.36 low first. Break will confirm resumption of whole fall from...

US equities closed mildly higher after initial selloff overnight. S&P 500 indeed reached as low as 1871.91, inch above key near term support level of August low of 1867.01. Dollar, on the other...

GBP/JPY Daily OutlookDaily Pivots: (S1) 181.30; (P) 182.30; (R1) 182.96 The break of 181.60 indicates resumption of fall from 188.28. Intraday bias is mildly on the downside for 180.36 low first....

The financial markets are haunted by another round of risk selloff. DJIA lost -312.78 pts, or -1.92% to close at 16001.89. It barely held on to 16000 handle after dipping to as low as 15981.85....

GBP/JPY Daily OutlookDaily Pivots: (S1) 182.26; (P) 183.33; (R1) 184.04 Intraday bias in GBP/JPY remains neutral for the moment. On the downside, break of 180.36 support will resume the whole fall...

Dollar strengthened across the board last week as a number of Fed officials, including chair Janet Yellen, reiterated their view that there will be a rate hike by the end of the year. Nonetheless,...

Asian markets opened mxi as trading volume is light with Hong Kong, Taiwan and South Korea on Mid-Autumn Festival holiday. Nikkei is trading down -1%, or -170pts, at the time of writing while...

Dollar's retreat yesterday was brief as the greenback was lifted by comments from Fed chair Janet Yellen again. In short, Yellen said she still expected a 2015 liftoff in interest rate form the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 182.60; (P) 183.62; (R1) 184.34; Intraday bias in GBP/JPY remains on the downside for 103.36 support. Break will extend the whole fall from 195.86 to 174.86...

EUR: The single currency rebounded again today and offers at 1.1185 and 1.1200 were filled, however, sell orders are reported at 1.1225, 1.1245 and 1.1275, selling interest is tipped at 1.1300, 1.1330...

Dollar remains the strongest major currency this week as markets await Fed chair Janet Yellen's speech. After FOMC kept interest rates unchanged last week, there was a chorus of Fed hawks affirming...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.46; (P) 185.23; (R1) 186.38; The break of 184.22 support suggests that rebound from 180.36 has completed at 188.28 already. Intraday bias is turned back to...

Asian equities tumble broadly in response to weak China data, which also drags down Aussie and Kiwi. At the time of writing, China Shanghai composite is losing -60 pts or -1.85%. Hong Kong HSI is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 186.19; (P) 186.76; (R1) 187.51; With 184.22 minor support intact, further rise is still mildly in favor in GBP/JPY. The corrective pattern from 195.86 might...

Dollar is broadly higher this week so far as comments from Fed officials bolstered the case for rate hike within this year. The dollar index breached a minor resistance level of 95.84 and is now back...