ActionForex

US equities rebounded for another day as President Obama announced plans to push the strike against Syria on hold. The game changer was Russian's proposal to transfer the control of Bashar al-Assad's...

GBP/JPY Daily OutlookDaily Pivots: (S1) 155.63; (P) 156.12; (R1) 156.76; The GBP/JPY's rally continues and is now pressing 156.77 resistance. We'd stay cautious on reversal at current level. Below...

The USD weakened overnight with The Dollar Index dipping back below 82 level while US stocks extended recovery with the DOW back above 15000 level to close at 15063.12. Regarding the situation in...

GBP/JPY Daily OutlookDaily Pivots: (S1) 153.95; (P) 155.07; (R1) 156.02;The GBP/JPY rose again today, but overall outlook is unchanged. Price action from 156.77 is viewed as a consolidation pattern....

The yen drops broadly while Nikkei jumps as much as 280 pts in initial trading in reaction to Japan's win to host the 2020 Olympic. The prime minister Abe said that hosting the Olympics and...

A string of solid economic data from US was originally meant to prepare markets for Fed's tapering later this month, but the expectation suffered a mild setback after the disappointing non-farm...

GBP/JPY Daily Pivots: (S1) 155.54; (P) 155.98; (R1) 156.47;As the 4 hours MACD crossed below the signal line, intraday bias in GBP/JPY has turned neutral first. As noted before, current price actions...

GBP/JPY Daily OutlookDaily Pivots: (S1) 155.05; (P) 155.52; (R1) 156.30;Intraday bias in GBP/JPY remains on the upside for the moment and further rise could still be seen. But again, current price...

Yen remains soft in tight range after BoJ left policies unchanged as widely expected. Interest rate was held at near zero level while the central bank also maintained the annual pace of monetary base...

GBP/JPY Daily Pivots: (S1) 154.36; (P) 154.90; (R1) 155.47; Intraday bias in GBP/JPY remains on the upside for rally towards 156.77 resistance. However, current price actions are viewed as part of the...

Asian markets pared some of this week's gain and focus turned back to tension in Syria. Despite the delay in the decision to strike Syria, as US President Obama seeks the Congress’ approval,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.87; (P) 153.89; (R1) 155.39;Intraday bias in GBP/JPY remains on the upside for rally towards 156.77 resistance. However, current price actions are viewed as...

The Aussie is mildly higher after the RBA left rates unchanged at 2.5%, as widely expected. The accompanying statement was largely unchanged from the August one, when the RBA lowered rates by 25 bps...

GBP/JPYDaily Pivots: (S1) 151.62; (P) 152.14; (R1) 152.60;GBP/JPY rises further to as high as 154.92 so far today and took out 154.67 resistance. Intraday bias is back on the upside and further rally...

The yen drops sharply as the week started as risk appetite was boosted by receding fear of a strike against Syria and Chinese manufacturing data. The Japanese currency was also weakened on speculation...

Geopolitical tension in Syria was the main theme in the markets last week. Worries over an imminent strike sent equities market lower and boosted safe haven flow to crude oil and gold. The DOW dropped...