ActionForex

Asian markets are dragged down by worries over China as the week opened. Nikkei dropped -167 pts, or -1.26% to close at 13062 while HK HSI was sharply lower by dropping for the -2% at the time of...

Stocks, bonds and commodities tumbled sharply last week, after the Fed indicated that it would taper the asset purchase last this year and even end the program mid-2014. The DOW dropped sharply to as...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.14; (P) 150.53; (R1) 152.19;Intraday bias in GBP/JPY remained on the upside for 154.22 resistance. A break could have confirmed that correction from 156.77...

Financial markets tumbled overnight Thursday as post FOMC selloff continued, with the DOW closing down 353pts, or -2.34%. Gold also broke 1300 psychological level as low as 1268.7. Treasury yields, on...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.30; (P) 149.30; (R1) 150.33;The strong rebound and break of 150.56 argues that correction from 156.77 might be finished at 147.10. Intraday bias is back on...

Financial markets were rocked by the FOMC statement and press conference, which suggested that the Fed would taper the asset purchase program later this year, and even end the program mid-2014. The...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.49; (P) 149.02; (R1) 149.62;With 150.56 minor resistance intact, the correction from 156.77 is expected to continue lower. Break of 146.42 will confirm that...

The Dollar and euro are standing firm against other major currencies as markets await today’s FOMC rate decision and press conference. At the Congress' Joint Economic Committee in May Fed...

GBP/JPY Daily OutlookDaily Pivots: (S1) 147.67; (P) 148.56; (R1) 149.40;With 150.56 minor resistance intact, the correction from 156.77 is expected to continue lower. A break of 146.42 will confirm...

Financial markets are generally staying in established range. Traders and investors are awaiting the FOMC rate decisions and Bernanke's press conference on Wednesday. The DOW closed 109 pts higher at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 146.64; (P) 148.59; (R1) 149.78;With the 150.56 minor resistance intact, the correction from 156.77 is expected to continue lower. A break of 146.42 will...

Asia equities open mildly higher today, digesting recent losses while forex markets are stuck in range with the yen trading in a soft tone. Traders will probably be cautious ahead of Wednesday's FOMC...

Despite an intra-week pull back, the yen extended the recent rally after markets were disappointed by the BoJ's lack of extra actions. The Nikkei also responded by dropping to close at the 2013 low of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 147.79; (P) 149.19; (R1) 151.29;GBP/JPY's fall from 156.77 could have extended to 146.42 support. A break would have confirmed the bearish case that the larger...

The overnight rebound in U.S. stocks, with DOW up 180.85 pts, brought Asian markets broadly higher on Friday. The Nikkei rose over 340 pts at the time of writing, and pared some of this week's sharp...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.17; (P) 150.59; (R1) 151.90;The GBP/JPY dropped further today, and is heading back to 148.18. A break will extend the decline from 156.77 and target the...