ActionForex

Markets seemed to be unconvinced by China's easing measures announced yesterday. DJIA erased initial bounce and ended -204.91 pts, or -1.29%, down at 15666.44. S&P 500 dropped -25.6 pts, or...

GBP/JPY Daily OutlookDaily Pivots: (S1) 182.90; (P) 187.15; (R1) 191.07; Intraday bias in GBP/JPY is turned neutral as the cross drew support from 61.8% retracement of 174.86 to 195.86 at 182.88 and...

The US markets had a volatile wide overnight. DJIA tumbled more than -1000 pts in early trading, following the global selloff. Bargain hunters and short covering than helped the index pare back much...

GBP/JPY Daily OutlookDaily Pivots: (S1) 190.62; (P) 192.19; (R1) 193.05; GBP/JPY's fall extends to as low as 188.42 so far today and intraday bias remains on the downside. Fall from 195.26 is viewed...

Asian markets opened the week sharply lower as the meltdown in China stock market accelerated. At the time of writing, the Shanghai Composite is trading down -300 pts, or -8.5% and is pressing 3200....

It was another wild ride in the financial markets last week. Sharp deterioration in market sentiments started with renewed selloff in the Chinese stock markets and spread to the world quickly. DJIA...

Overnight, US equities suffered the steepest one day sell-off in more than a year on concern over global growth, in particular in China and other emerging markets. DJIA dropped -358.04 pts, or -2.06%...

GBP/JPY Daily OutlookDaily Pivots: (S1) 193.76; (P) 194.39; (R1) 194.77; No change in GBP/JPY's outlook and intraday bias stays neutral first. Rebound from 184.95 is viewed as the second leg of the...

Dollar was under much selling pressure after released of the dovish and non-committal FOMC minutes overnight but stabilized a bit today. Despite improvement in various macroeconomic indicators,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 193.79; (P) 194.53; (R1) 195.54; Intraday bias in GBP/JPY remains neutral for the moment. Rebound from 184.95 might extend. But we'd expect strong resistance...

European markets and U.S. Futures are plagued by the Chinese stock market meltdown. The sell off in commodities has been the main agenda on the trader’s dashboard for some time. Yes, it is true...

Asian equities are generally lower today as worries over China's economy and Fed's rate hike persist. Major indices follow China down as the Shanghai composite index drops again, down over -3% at the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 193.36; (P) 194.26; (R1) 194.75; Intraday bias in GBP/JPY remains neutral for the moment. Rebound from 184.95 might extend. But we'd expect strong resistance...

Australian dollar remains steady in tight range in Asian session after RBA minutes. The minutes for August 4 meeting noted that " an accommodative monetary policy setting remained appropriate given...

GBP/JPY Daily OutlookDaily Pivots: (S1) 194.07; (P) 194.30; (R1) 194.77; Intraday bias in GBP/JPY remains neutral for the moment. Rebound from 184.95 might extend. But we'd expect strong resistance...

The Japan yen is mildly lower today as economic data showed that the economy contracted in Q2. GDP dropped -0.4% qoq, down from Q1's 1.0% qoq growth. Nonetheless, that was slightly better than...