ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.02; (P) 171.35; (R1) 171.89; A temporary low is in place at 170.40 and intraday bias in GBP/JPY is turned neutral first. Note that the cross is staying...

Canadian dollar tumbled sharply overnight and hit a three year low against the greenback after weak trade and PMI data. Also weighing on the Loonie was comments from BoC governor Poloz. Poloz said in...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.15; (P) 171.18; (R1) 171.98;With 172.23 minor resistance intact, deeper fall is still expected in the GBP/JPY. The decline from 174.84 short term top would...

US equities extended recent pullback with the Dow closed mildly lower by -0.27% while S&P 500 was down -0.25%. Asia stocks, on the other hand, are mixed with Nikkei down -0.52% but mild recoveries...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.25; (P) 171.88; (R1) 172.72; The GBP/JPY's pull back from 174.84 extends lower today and reaches as low as 170.40 so far. As noted before, a short term top...

Risk aversion dominates the Asian markets today. The Nikkei is down over -2%, or -350 pts, trading back below 16000 level at the time of writing as Japan is back from holiday. Hong Kong HSI is down...

It seemed like two totally different worlds in trading before and after the new year. Many markets have reversed the thin year end moves on the first two trading days of 2014. Equities tumbled with...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.18; (P) 173.01; (R1) 174.19; The sharp decline suggests that a short term top is formed at 174.84 on bearish divergence condition in the 4 hours MACD....

The markets seemed to be reversing the year moves in the first two days of trading in 2014. The Dow dived sharply by -135 pts to close at 16441.35, just after making record high of 16576.66 on January...

GBP/JPY Daily OutlookDaily Pivots: (S1) 173.26; (P) 173.88; (R1) 174.96;The GBP/JPY's rally continues today and reaches as high as 174.84 so far today. Intraday bias remains on the upside. Current...

The Dow had a strong close last year making new record high at 16575.55 while the S&P 500 also closed at record 1848.36. Meanwhile, it should also be noted that treasury yields in US also made a...

GBP/JPY Daily OutlookDaily Pivots: (S1) 173.06; (P) 173.45; (R1) 173.82; With 172.16 minor support intact, intraday bias in the GBP/JPY remains mildly on the upside. Current rally should extend to...

Markets remain rather quiet just ahead of new year holiday. The Dow edged up by another 25.88 pts overnight to close at another record high at 16504.29. But the S&P 500 was down slightly by -0.33...

The yen remains soft in tight range against other major currencies. Meanwhile, markets are generally quiet in holiday trading today. The BoJ released minutes of the November 20-21 meeting. A point to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.26; (P) 170.53; (R1) 170.95; As long as 166.57 support holds, further rise is expected in the GBP/JPY. Above 171.18 will target 161.8% projection of 147.61...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.89; (P) 170.11; (R1) 170.47;As long as 166.57 support holds, further rise is expected in the GBP/JPY. Above 171.18 will target 161.8% projection of 147.61...