ActionForex

The financial markets opened the week in rather quiet way. Asian equities struggled in tight range while Japan is on bank holiday. The Dollar is generally lower but loss is limited. The New Zealand...

The financial markets jittered on geopolitical worries in both Ukraine and Israel last week but the impact quickly faded. Looking beyond the volatilities, there were a few developments to note. Stocks...

GBP/JPY Daily OutlookDaily Pivots: (S1) 172.56; (P) 173.41; (R1) 173.84; The break of 172.95 support indicates resumption of fall from 175.36. But downside momentum isn't strong enough to send it...

The Yen surged overnight on risk aversion as markets were concerned with geopolitical tensions in Ukraine and the Gaza. The news that a Malaysian airline plane was shot down over eastern Ukraine sent...

GBP/JPYDaily Pivots: (S1) 174.01; (P) 174.22; (R1) 174.44; The GBP/JPY's recovery quickly lost momentum with 4 hours MACD dragged below signal line by the retreat. Intraday bias is turned neutral...

The Dollar stays firm against euro and Swiss franc following yesterday's rally, but it's paring some gains against the yen in Asian session. Risk appetite pushed Dow 30 to new...

GBP/JPYDaily Pivots: (S1) 173.54; (P) 174.04; (R1) 174.81; The strong rebound and breach of 174.41 minor resistance dampens this original bearish view. And it suggests that the GBP/JPY's up trend is...

The Dollar strengthened against most major currencies except the resilient Sterling overnight after Fed chair Yellen's speech. Yellen testified before Senate Banking Committee and noted that interest...

GBP/JPY Daily OutlookDaily Pivots: (S1) 173.19; (P) 173.59; (R1) 173.85; With 174.41 minor resistance intact, another decline is still in favor in GBP/JPY. Break of 172.46 will confirm near term...

The Japanese yen is basically steady after the BoJ left monetary policies unchanged as widely expected. Interest rate was held near zero and the annual target of monetary base expansion was kept at...

GBP/JPYDaily Pivots: (S1) 173.17; (P) 173.48; (R1) 173.76; The GBP/JPY recovers today but with 174.41 resistance intact, anther fall is in favor. Break of 172.46 will confirm near term reversal and...

The forex markets are rather steady as the week opens. Yen is mildly lower against the greenback as Asian stocks recovered. Japanese Nikkei is up 132 pts, or 0.88% while Hong Kong HSI is up 107 pts,...

The financial markets were rocked by risk aversion last week on new of missed debt payments by a company related to a major Portugal bank. The Dow dipped to as low as 16805 from the weekly high of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 172.90; (P) 173.66; (R1) 174.36; Intraday bias in GBP/JPY remains on the downside for the moment. As noted before, prior break of 174.09 support raised the...

Markets stabilized from yesterday's sharp risk selloff. While Asian equities were generally lower following US stocks, European indices opened the day flat. Yen crosses also recovered after...

GBP/JPYDaily Pivots: (S1) 173.98; (P) 174.19; (R1) 174.58; Prior break of 174.09 support raised the chance of near term reversal. Intraday bias in the GBP/JPY remains on the downside for 172.36...