ActionForex

Dollar remains firm in consolidative markets in Asian session today. Better than expected retail sales data propelled US equities higher overnight as Dow 30 closed above 16000 handle again at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.39; (P) 170.15; (R1) 171.81; Intraday bias in GBP/JPY remains mildly on the downside for 167.77 support. As noted before, price actions from 174.84 are...

Euro opened the week broadly lower on verbal intervention from ECB officials over the weekend. ECB president Draghi warned on Saturday that "a strengthening of the exchange rate requires further...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.76; (P) 170.69; (R1) 171.31; GBP/JPY dips to 169.97 so far as fall from 173.14 resumes. Intraday bias is mildly on the downside for 167.77 support. As...

Volatilities in US equities continued overnight with DOW closing down 266.96 pts, or -1.62% while S&P 500 closed down -39.1 pts or -2.09%. Nasdaq also dropped -129.79 pts, or -3.1%. Both S&P...

GBP/JPYDaily Pivots: (S1) 170.70; (P) 171.00; (R1) 171.55; A temporary low is in place at 170.01 and intraday bias is turned neutral first. As noted before, price actions from 174.84 are viewed as a...

US stock markets staged a strong rebound overnight after the dovish FOMC minutes suggested that rate hike is not imminent. Both DOW and S&P 500 drew strong support from 55 days EMAs and closed...

GBP/JPYDaily Pivots: (S1) 170.69; (P) 171.14; (R1) 171.62; Intraday bias in the GBP/JPY remains mildly on the downside for the moment and deeper fall would be seen to 167.77 support. As noted before,...

US equities recovered mildly overnight to digest this week's sharp losses but treasury yields and yen crosses continued to head lower. The Japanese yen stays strong in Asian session as supported by...

GBP/JPYDaily Pivots: (S1) 170.69; (P) 171.14; (R1) 171.62; Intraday bias in the GBP/JPY remains mildly on the downside for the moment and deeper fall would be seen to 167.77 support. As noted before,...

The Japanese yen pares some of this week's again following the recovery in Asian equities and after BoJ announced policy decisions. BoJ refrained from adding stimulus and help policies unchanged...

GBP/JPYDaily Pivots: (S1) 170.52; (P) 171.51; (R1) 172.03; The GBP/JPY dips to 170.81 so far today and intraday bias remains on the downside. Rebound from 167.77 is completed at 173.14 and deeper...

The Japanese yen is generally higher in Asian session on risk aversion. Nikkei followed the sharp decline in US and dropped -254.9 pts, or -1.7%, back below 15000 handle at 14808.85. Hong Kong HSI is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 172.04; (P) 172.59; (R1) 173.03; GBP/JPY lost momentum ahead of 173.57 and intraday bias is turned neutral first. Outlook is unchanged. Price actions from...

Traders are cautiously awaiting the employment data from US today. Dow 30 edged up to historical intraday high overnight at 16604.15 but pared gains to close nearly flat at 16572.55. S&P...

GBP/JPY Daily OutlookDaily Pivots: (S1) 172.32; (P) 172.65; (R1) 173.02; Further rise is in favor in the GBP/JPY as long as 170.98 minor support holds. Price actions from 174.84 are viewed as a...