ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 160.65; (P) 161.13; (R1) 161.86;Intraday bias in the GBP/JPY remains neutral for the moment. Further rally could still be seen in the cross. But we'd expect...

The dollar weakened against other major currencies after Fed chairman Bernanke reiterated the pledge of "maintaining highly accommodative policies for as long as they are needed." He expressed consent...

EUR/JPY Daily OutlookDaily Pivots: (S1) 134.75; (P) 135.05; (R1) 135.36;With 134.47 minor support intact, further rally is still expected in the EUR/JPY through 135.50 resistance. However, we'd...

US equities made another record high overnight, but paired against after comments from Fed officials. The Dow breached the 16000 level to 16030.28 before paring gains to close at 15976.02, up 14.32...

GBP/JPY Daily OutlookDaily Pivots: (S1) 160.85; (P) 161.25; (R1) 161.85; Intraday bias in the GBP/JPY remains mildly on the upside and current rally could extend higher. But again, we'd expect strong...

Asian equities ex-Japan were generally boosted by strong rally in Chinese stocks as the week starts. The China government released on November 15 the details of a reform package addressing 16 areas...

The Japanese yen was sold off broadly on strong risk appetite in the US markets last week. DOW and S&P 500 were pushed to new record highs by Yellen's comment on her Fed chairman nomination...

GBP/JPY Daily OutlookDaily Pivots: (S1) 159.53; (P) 160.21; (R1) 161.35;The GBP/JPY rises further to as high as 161.08 so far today as larger rally extends. Intraday bias remains on the upside for...

US equities were boosted to another record high after Fed chairman nominee Yellen warned of withdrawing stimulus. DOW rose 54.59 pts to close at 15876.22 while S&P 500 rose 8.62 pts to close at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 158.38; (P) 158.89; (R1) 159.82;The GBP/JPY rises sharply to as high as 159.91 so far and the break of 159.52 suggests that larger up trend is resuming....

US equities were boosted to another record high overnight while dollar pared some recent gains on Fed chairman nominee Yellen's dovish comments. The Dow rose 70.96 pts to close at 15821.63, close to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.91; (P) 158.56; (R1) 159.11; The GBP/JPY is still struggling in recent converging range and intraday bias remains neutral. Above 159.52 will extend the...

Dollar was mildly soft in quiet trading overnight after comments from Fed officials. Atlanta Fed President Lockhart, a voter next year, did not rule out that a tapering could begin in as soon as...

GBP/JPY Daily OutlookDaily Pivots: (S1) 158.30; (P) 158.56; (R1) 158.78;Intraday bias in the GBP/JPY remains neutral for the moment. Above 159.52 will extend the larger rally. But in that case, we'd...

US equities edged higher overnight in thin holiday trading with DOW closing at another record high of 15,783.10. Investor continued to be optimistic that the strength of the US economy could withstand...

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.83; (P) 158.33; (R1) 159.16;Intraday bias in the GBP/JPY remains neutral for the moment. Above 159.52 will extend the larger rally. But in that case, we'd...