ActionForex

DOW managed to recover overnight and closed higher by 109.82 pts, or 0.7% at 15848.61. But the mildly positive sentiment wasn't carried through to Asia. Japanese Nikkei is losing -190 pts, or -1.27%,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 168.22; (P) 169.83; (R1) 170.99 The GBP/JPY's recovery from 167.76 has possibly finished at 171.45 after hitting 4 hours 55 EMA and drops sharply from there....

Risk aversion remains the theme in the markets after Fed announced to taper another USD 10b in its asset purchase program. The Dow dropped -1.19%, or -189.77 pts to close at 15738.79, extending recent...

GBP/JPY Daily OutlookDaily Pivots: (S1) 168.34; (P) 169.43; (R1) 171.14 Intraday bias in the GBP/JPY remains neutral for the moment and some more consolidations could be seen above 167.76. But near...

Asian markets are generally higher today, following the recovery in US as risk aversion waned. The Turkish central bank more than doubled its interest rates, from 4.5% to 10.0% and triggered a rebound...

GBP/JPY Daily OutlookDaily Pivots: (S1) 168.34; (P) 169.43; (R1) 171.14; The GBP/JPY recovers after hitting 167.67 and break of 170.00 minor resistance turns intraday bias neutral first. Some sideway...

The financial markets stabilized somewhat after steep selloff. The Dow once dropped to as low as 15783.55 overnight, but closed the session down -41.23 pts only at 15837.88. S&P 500 also just lost...

GBP/JPY Daily OutlookDaily Pivots: (S1) 167.37; (P) 169.84; (R1) 171.12; The GBP/JPY drops further to as low as 167.76 so far today and the break of 168.34 support confirms resumption of the...

The selloff in global markets continue in Asia today with Nikkei down -2.5% at the time of writing. Hong Kong HSI is losing -2.3% while Singapore Straits Times loses -1.3%. Korea's KOSPI also drops...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.80; (P) 172.21; (R1) 173.24; The break of 171.29 minor support dampens the immediate bullish case and suggests that consolidation from 174.84 is still in...

The dollar dropped sharply overnight against the yen and Europeans, together with stocks and yields. The Dow lost -176 pts, or -1.07% to close at 16197.35, at the lowest level in a month. Nonetheless,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.92; (P) 172.60; (R1) 173.90; The break of 173.12 minor resistance argues that the correction from 174.84 has completed at 168.34 already. Intraday bias in...

Asian markets are mostly lower following weak manufacturing data from China. The flash reading of HSBC China manufacturing PMI unexpectedly dropped to 49.6 in January versus consensus of 50.4. That;s...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.13; (P) 171.75; (R1) 172.44; With 173.12 minor resistance intact, near term outlook in the GBP/JPY stays mildly bearish. The fall from 174..84 is expected...

The Japanese yen remains steady in range after the BoJ left policies unchanged as widely expected. The target to expand monetary base by JPY 60T-70 T was maintained. The domestic economic assessments...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.46; (P) 170.97; (R1) 171.64; With 173.12 minor resistance intact, near term outlook in GBP/JPY stays mildly bearish. The fall from 174..84 is expected to...