ActionForex

Speculation of the timing when Fed will taper the asset purchase program remained a main market theme. The U.S. equities' rally attempt was limited below last week's high. The DOW and S&P 500...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.41; (P) 153.21; (R1) 154.19;No change in GBP/JPY's outlook. The consolidation from 156.77 short term top is still in progress, and a deeper fall cannot be...

The yen stayed in tight range after the release of a considerable volume of data Friday. The inflation outlook showed improvement in Japan, as indicated in the April CPI data. Deflation improved...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.12; (P) 153.08; (R1) 153.93;Consolidation from 156.77 short term top is still in progress, and a deeper fall cannot be ruled out. In such a case, downside...

Asian equities are broadly lower today, following the -106.6 pts fall in Dow overnight. The yen and Swiss franc strengthened while the dollar tracked lower. Recent encouraging US economic data has...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.67; (P) 153.65; (R1) 154.86; Consolidation from 156.77 short term top is still in progress, and a deeper fall cannot be ruled out. In that case, downside...

The dollar was lifted by strong consumer confidence data overnight, and remains firm in the Asian session. Meanwhile, the Aussie under-performed as the IMF lowered China's growth forecast. The fund...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.08; (P) 152.66; (R1) 152.98;No change in the GBP/JPY's outlook. Consolidation from 156.77 short term top is still in progress, and a deeper fall cannot be...

The dollar is recovering mildly as markets are returning from extended holiday weekends. The EUR/USD is back, pressing the 1.29 level while the USD/JPY is trading above 101. Asian equities are nearly...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.01; (P) 153.38; (R1) 154.47;GBP/JPY's consolidation from 156.77 short term top is still in progress. Deeper pullback could be seen but in that case,...

The yen is firm as the week started, as Japanese equities tumbled with Nikkei down over -400 points. The BoJ minutes for the April meeting suggested that while policymakers generally agree asset...

Global equity markets were sold off sharply during the latter part of last week on expectations that the Fed would taper the open-ended asset purchase program. The MSCI world index dropped to 1492.7...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.05; (P) 153.82; (R1) 155.86;GBP/JPY continues to consolidate below 156.77 short term top and intraday bias is neutral for more sideway trading. Another fall...

After steep selloff earlier in the week, financial markets stabilized after St. Louis Fed Bullard said that the Fed was not "that close" to tapering the open-ended quantitative easing program. He...

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.49; (P) 155.30; (R1) 156.05;The intraday bias in the GBP/JPY remains neutral for now, while the as consolidation from 156.77 continues. Another retreat...

Markets were rocked by speculations whether the Fed would taper the stimulus program early. The DOW jumped to a record high of 15542 after Bernanke's testimony, which suggested that Fed is not near to...