ActionForex

The financial markets responded quite positively to US President Donald Trump's tax plan in spite of some criticisms. Most notable movements are seen in treasury yields. 10 year yield closed up 0.080...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.32; (P) 150.69; (R1) 151.42; GBP/JPY's correction from 152.82 is still in progress and deeper fall could be seen. But downside should be contained by 38.2%...

Dollar remains broadly firm today, unmoved by the cautious comments from Fed Chair Janet Yellen. Traders are eagerly awaiting the long-awaited tax reform from US President Donald Trump. Meanwhile,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.38; (P) 150.82; (R1) 151.92; GBP/JPY's pull back from 152.82 is still in progress and deeper fall could be seen. But downside of retreat should be...

While Euro is staying soft, after post German election selloff, it's still holding above near term support against Dollar and Yen. Weakness is mainly seen against Sterling as 0.8773 support is taken...

Euro gaps lower against Dollar as another week starts. Markets seem to be dissatisfied with Germany election result even though Angela Merkel won her fourth term as Chancellor. Nonetheless, loss in...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.18; (P) 151.48; (R1) 152.32; Intraday bias in GBP/JPY remains neutral for consolidation below 152.82. Downside of retreat should be contained above 146.57...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.75; (P) 152.30; (R1) 153.30; More Intraday bias in GBP/JPY remains on the upside with 150.12 minor support intact. Current medium term rise from 122.36...

Yen recovers broadly today while Asian equities are trading generally lower as geopolitics is back haunting the markets. Tensions between North Korea and the US escalated again this week after US...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.50; (P) 151.33; (R1) 152.20; No change in GBP/JPY's outlook. With 150.12 minor support intact, intraday bias remains on the upside. Current medium term...

The financial markets responded to Fed's hawkish announcement overnight rather positively. DOW gained 41.79 pts or 0.19% to close at 22412.59. S&P 500 rose 1.59 pts or 0.06% to end at 2508.25....

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.07; (P) 150.83; (R1) 151.53; With 150.12 minor support intact, intraday bias in GBP/JPY remains on the upside. Current medium term rise from 122.36 should...

US equities surged to new records highs overnight as markets await FOMC's announcement on balance sheet normalization. DOW closed up 39.45 pts or 0.18% at 22370.80. S&P 500 gained 2.78 pts, or...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.98; (P) 150.74; (R1) 151.35; With 150.12 minor support intact, intraday bias in GBP/JPY remains on the upside. Current medium term rise from 122.36 should...

Risk appetite continued to drive US indices to new records higher overnight. DOW gained 63.01 points, or 0.28% to close at 22331.35. S&P 500 rose 3.64 points or 0.15% to 2503.87. Both were at new...

GBP/JPY Daily OutlookDaily Pivots: (S1) 147.53; (P) 149.54; (R1) 152.53; Intraday bias in GBP/JPY remains on the upside for the moment. Current medium term rise from 122.36 should target 61.8%...