ActionForex

Markets absorbed the hawkish Fed announcement rather quickly as Wall Street staged a rebound overnight. DOW closed 108.88 pts or 0.67% higher at 16331.05 while S&P 500 closed 11.24 pts, or 0.60%...

EUR/JPY Daily OutlookDaily Pivots: (S1) 140.72; (P) 141.34; (R1) 141.94; Intraday bias in the EUR/JPY remains neutral for some consolidation above 140.44 temporary low. We're favoring the case that...

The dollar jumped sharply overnight after the more hawkish then expected FOMC announcement. Dollar index rose to as high as 80.11, comparing to last week's low of 79.27 and is now trying to defend 80...

GBP/JPY Daily OutlookDaily Pivots: (S1) 167.50; (P) 168.54; (R1) 169.33; The consolidation in GBP/JPY was rather brief as fall from 173.57 resumed quickly. Intraday bias is back on the downside. As...

US markets were lifted by housing data and Russian president Putin's comment that he's not going to further split Ukraine. The Dow and S&P 500 extended this week's rebound. Nonetheless, the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 168.61; (P) 169.10; (R1) 169.75; A temporary low is in place at 167.93 and intraday bias is turned neutral first. Outlook is unchanged though. The rebound from...

Wall street staged a strong relief rebound overnight as traders anticipated that the worst of the Crimea is yet to come. The Dow closed 181.55 pts, or 1.13% higher at 16247.22 while S&P 500 closed...

GBP/JPY Daily OutlookDaily Pivots: (S1) 167.99; (P) 168.67; (R1) 169.41; Intraday bias in the GBP./JPY remains on the downside for the moment. As noted before, the rebound from 163.87 has finished at...

Markets are rather steady as the week starts. Asian equities are mildly lower but losses are so far very limited. Major currency pairs are staying in tight range. In Crimea, the chief electoral...

GBP/JPY Daily OutlookDaily Pivots: (S1) 168.09; (P) 169.85; (R1) 171.01; The decline from 173.57 accelerates lower and reaches as low as 168.70 so far. The breach of 168.82 support argues that...

The Japanese yen strengthens broadly on risk aversion as global equities tumbled sharply ahead of an important weekend in Crimea, which is now seen as having the biggest geopolitical crisis in Europe...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.11; (P) 170.77; (R1) 171.40 The pull back from 173.57 temporary top is still in progress and intraday bias remains neutral. We'd still expect strong support...

The New Zealand dollar soars in Asian session today after RBNZ raised OCR by 25bps to 2.75% as widely expected. It's the first developed nation to remove massive monetary stimulus after the financial...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.68; (P) 171.40; (R1) 171.86; The pull back from 173.57 temporary top is still in progress and extends lower today. But intraday bias remains neutral. We'd...

The Japanese yen extends this week's recovery as stocks retreated on profit taking. The Dow ended yesterday -67.43 pts lower while S&P 500 also lost -9.54 pts. Risk aversion intensified in Asian...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.31; (P) 172.09; (R1) 172.65; Intraday bias in the GBP/JPY remains neutral for the moment as consolidation from 173.57 temporary top is still in progress....