ActionForex

Japanese Nikkei rebounded strongly today and is up over 300 pts at the time of writing while the Japanese yen is staying in tight range. Markets are awaiting prime minister Shinzo Abe's press...

GBP/JPY Daily OutlookDaily Pivots: (S1) 181.66; (P) 182.16; (R1) 182.72; At this point, GBP/JPY is holding above 181.07 minor support and intraday bias remains neutral. As long as 181.07 support...

The Japanese is trying to recover as poor GDP data knocks down Nikkei. Q3 GDP unexpectedly contracted -0.4% qoq versus expectation of 0.5% qoq growth. That means, Japan slide back into technical...

The Japanese yen was once again the weakest currency last week as talk of delay in the next sales tax hike sparked another round of selloff. Sterling closely followed and was the second weakest...

Yen's decline extends today as a Japanese newspaper reported that prime minister Shinzo Abe would hold a press conference next week regarding the delay of the next sales tax hike. Abe could also...

GBP/JPY Daily OutlookDaily Pivots: (S1) 181.21; (P) 182.93; (R1) 183.90; In spite of yesterday's retreat, GBP/JPY is staying above 181.07 support. Thus, further rally is still expected. Current up...

Sterling is now the second weakest currency next to Japanese yen after the post BoE inflation report selloff. Markets are expecting BoE to start raising interest rate from the record low of 0.50% in...

GBP/JPY Daily OutlookDaily Pivots: (S1) 182.59; (P) 183.48; (R1) 185.22; The breach of 184.31 temporary indicates resumption of recent rally. Intraday bias is back on the upside. Current up trend...

The Japanese yen declined broadly this week and stays soft in Asian session today. Nikkei also extended recent up trend and hit new seven years high. The move was triggered by news that Prime Minister...

GBP/JPY Daily OutlookDaily Pivots: (S1) 181.11; (P) 181.97; (R1) 182.72; Intraday bias in GBP/JPY remains neutral for consolidation below 184.31 temporary top. Downside of consolidations would likely...

Yen drops broadly following another day of rally in Japanese equities. Nikkei rose 343.58 pts, or 2.05% to 17124.11, hitting another seven year high. It's reported that prime minister Shinzo Abe might...

GBP/JPY Daily OutlookDaily Pivots: (S1) 181.11; (P) 181.97; (R1) 182.72; Intraday bias in GBP/JPY remains neutral for consolidation below 184.31 temporary top. Downside of consolidations would likely...

Aussie opened the week higher as lifted by positive economic data from China released over the weekend. Trade surplus in China widened to USD 45.5b in October, versus expectation of USD 41b and prior...

US equities were propelled to new record high last week as Republicans took control of Senate after the mid-term election and gained majority in the Congress. It's noted before analysts that stocks...

GBP/JPY Daily OutlookDaily Pivots: (S1) 181.24; (P) 181.66; (R1) 182.22;  GBP/JPY lost some momentum after hitting long term fibonacci level of 183.96. But with 181.05 minor support intact,...

US equities extended the bull run overnight in response to Republican's win in the mid term election. DJIA rose 100.69 pts, or 0.58% to 17484.53 while S&P 500 rose 11.47 pts, or 0.57% to 2023.57....