ActionForex

Stocks Made Record Closes, Dollar FirmUS stocks surged for another day overnight with the DJIA gained 154.64 pts, or 0.87% to close at 17959.44. S&P 500 rose 7.89 pts or 0.38% to close at 2078.54....

GBP/JPY Daily OutlookDaily Pivots: (S1) 186.05; (P) 186.64; (R1) 187.26; Intraday bias in GBP/JPY remains mildly on the upside for retesting 189.70. Break there is needed to confirm rally resumption....

The greenback ended up as the strongest major currency last week after much volatility in the markets. Stocks' strong rebound after FOMC statement suggested that markets took the message that Fed will...

Markets are relatively quiet as a holiday shortened week starts. Asian equities are general higher but Nikkei fluctuates between gain and loss. WTI crude oil also recovers but is held below last...

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.83; (P) 185.77; (R1) 187.14; The break of 187.04 minor resistance suggests that pull back from 189.70 is completed at 181.59 already. Intraday bias is...

US equities staged another day of strong rally overnight and the positive sentiments carried on in Asian session. Dow 30 jumped 421.28 pts, or 2.43% to close at 17578.15, and is having the 17991.18...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.60; (P) 184.30; (R1) 185.49; No change in GBP/JPY's outlook. While correction from 189.70 might extend, we'd continue to expect strong support from 181.09,...

US equities were lifted overnight as Fed sounded optimistic on the economy yet maintained the pledge to be patient on raising interest rates. DJIA rebounded and gained 288 pts, or 1.69%, to close at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 181.66; (P) 183.37; (R1) 185.02; No change in GBP/JPY's outlook. While correction from 189.70 might extend, we'd continue to expect strong support from 181.09,...

Markets continue to stay in risk averse mode on the plunge in oil price and financial turmoil in Russia. WTI crude oil's steep decline continued and reached as low as 53.6 yesterday before recovering...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.02; (P) 185.03; (R1) 186.22; GBP/JPY's correction from 189.70 extended lower to 183.60 so far. Deeper decline could still be seen. But at this point, we'd...

The plunge in crude oil dragged down global stocks and risk aversion lifted yen higher. WTI crude oil extended recent down trend and barely held on to 55 level. DJIA reversed initial gain and ended...

GBP/JPY Daily Outlook Daily Pivots: (S1) 184.13; (P) 185.97; (R1) 186.99; The correction from 189.70 is expected to extend lower to 184.31 and below. But at this point, we'd expect strong support...

Sentiments seemed to have turned rather bad in the financial markets last week. DJIA suffered the biggest weekly drop in three years as dragged down by the steep fall in crude oil and worry over...

Yen stays is tight range as the week starts after prime minister Shinzo Abe's victory in the snap election held over the weekend. Abe's coalition captured at least 325 seats, more than two-third of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.13; (P) 185.97; (R1) 186.99; A short term top is already in place at 189.70 on bearish divergence condition in 4 hours MACD. Deeper fall should be seen to...