ActionForex

The forex markets are rather steady as traders await a rather eventful day. Yen stays soft after Q2 GDP report. The US Dollar struggled to extend overnight's gain and retreated ahead of near term...

GBP/JPYDaily Pivots: (S1) 171.29; (P) 171.45; (R1) 171.68; As noted before, the current development suggests medium term topping at 175.36. With 172.60 resistance intact, deeper decline is expected...

The financial markets are relatively steady today so far. Asian stocks opened higher today but the Nikkei pared back the gains and is trading up around 0.2% at the time of writing. That followed...

GBP/JPYDaily Pivots: (S1) 170.56; (P) 171.23; (R1) 171.77; As noted before, the current development suggests medium term topping at 175.36. Intraday bias remains mildly on the downside for 169.53...

Asian equities are broadly higher today as tensions in Ukraine eased for now. Nikkei rose 352.15 pts, or 2.38% to close at 15130.52, above 15000 handle again. Hong Kong HSI is also up over 300 pts at...

Geopolitical risks in Ukraine and Middle East were the main drivers in the financial markets last week. Global equities tumbled with DJIA hitting as low as 16333.78 while the S&P 500 dived to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.48; (P) 172.04; (R1) 172.39; GBP/JPY's fall accelerates to as low as 170.69 so far today and intraday bias remains on the downside. The near term trend has...

Yen surged further today as risk aversion sent Nikkei 225 down -454 pts, or -2.98% to close at 14778.37. That's the biggest fall in 5 months and the index hit a 2-month low. It should be noted that...

EUR/JPYDaily Pivots: (S1) 171.33; (P) 172.29; (R1) 173.03; The GBP/JPY drops sharply and the strong break of 172.36 support confirmed near term reversal. Also, it's taken as the first sign of medium...

Market sentiments continued to be weighed down by situation regarding Ukraine. US equities closed nearly flat with DJIA up 13.87 pts, or 0.08%, at 16443.34 and S&P 500 up 0.03 pts, at 1920.24....

GBP/JPYDaily Pivots: (S1) 172.82; (P) 173.15; (R1) 173.55; Intraday bias in the GBP/JPY stays neutral with focus on 172.36 support. Decisive break there will confirm near term reversal and will...

Tensions over the situation in Ukraine sent US equities lower overnight as DJIA and S&P 500 extended recent decline. DJIA lost -139.81 pts, or -0.84% to close at 16429.47 while S&P 500 lost...

GBP/JPYDaily Pivots: (S1) 172.61; (P) 172.79; (R1) 173.16; Intraday bias in the GBP/JPY stays neutral with focus on 172.36 support. Decisive break there will confirm near term reversal and will...

The Aussie is steady in Asian session after RBA left interest rate unchanged at 2.50% as widely expected. Most importantly, the central bank maintained the neutral stance and noted "the most prudent...

GBP/JPYDaily Pivots: (S1) 172.03; (P) 172.94; (R1) 173.50; Intraday bias in the GBP/JPY stays neutral with focus on 172.36 support. Decisive break there will confirm near term reversal and will target...

The financial markets were dominated by two themes, risk aversion and dollar strength, last week. Global equities tumbled sharply on news of Argentina's default as its failure to pay bond interests...