ActionForex

Dollar suffers renewed selloff in Asian session with EUR/USD finally taking out 1.2537 near term resistance. The development could trigger more broad based weakness in the greenback before the weekly...

Daily Pivots: (S1) 148.95; (P) 149.78; (R1) 150.59Intraday bias in GBP/JPY remains on the downside as fall from 156.59 is in progress for 146.96 support. Considering bearish divergence condition in...

The moves triggered by stronger than expected CPI in the US proved to be short lived. DOW opened lower overnight to 24490.36 but quickly reversed. Eventually it ended up 1.03% at 24893.49. S&P 500...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.95; (P) 149.78; (R1) 150.59; Decline from 156.59 extends today and intraday bias remains on the downside for 146.96 support. Considering bearish divergence...

Yen continues to trade higher in calm markets. DOW closed up 0.16% at 24640.45 overnight as consolidation continued. Nikkei also opened higher initial trading but turns flat since then. Hong Kong HSI...

Australian Dollar is lifted mildly today by business condition and confidence data and is trading broadly higher. Nonetheless, the forex markets are generally stuck in consolidation mode. Risk markets...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.57; (P) 150.66; (R1) 152.42; At this point, intraday bias in GBP/JPY stays on the downside. The decline from 156.59 short term top should target 146.96...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.57; (P) 150.66; (R1) 152.42; Intraday bias in GBP/JPY remains on the downside for the moment. Current fall from 156.59 short term top should target 146.96...

The Asian markets are rather quiet with Japan on holiday. Dollar and Yen are paring back some of last week's gains. Meanwhile, Euro and Aussie are recovering. It now looks like EUR/USD is holding on...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.01; (P) 152.06; (R1) 152.79; GBP/JPY's decline resumed after brief consolidation and intraday bias is back on the downside for 150.18 support. ....

Stocks suffered another round of steep selloff overnight. DOW dropped more than -1000 pts for the second time in just four days, scoring the second biggest point drop ever. DOW lost -1035.89 pts, or...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.01; (P) 152.06; (R1) 152.79; Intraday bias in GBP/JPY remains neutral for consolidation above 151.19 temporary low. Considering bearish divergence...

The global markets turned into consolidative mode, digesting recent losses. DOW attempted to rebound to 25293.96 but closed down -0.08% at 24893.35. Nikkei is trading up 0.35% at the time of writing...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.72; (P) 152.31; (R1) 153.42; GBP/JPY recovered after forming a temporary low at 151.19 and intraday bias is turned neutral first. Considering bearish...

Global market sentiments stabilized after steep early selloff. DOW initially dived to 23778.74 but rebounded to close up 567.02 pts or 2.33% at 24912.77. S&P 500 recovered 46.2 pts or 1.74% to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.21; (P) 153.37; (R1) 154.47; GBP/JPY's decline from 156.59 accelerates to as low as 151.19 so far. Brea of 151.95 support indicates short term topping....