ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 192.85; (P) 193.60; (R1) 194.33; Intraday bias in GBP/JPY remains neutral for the moment. We're viewing price actions from 195.86 as a sideway consolidation...

Dollar opened the week generally higher as supported by views that Fed will finally hike interest rate from near zero level within the coming months. The dollar index extends last week's rise and...

The focus of the forex markets turned back to global central banks policy divergence after the Greek risk finally subsided. Sterling ended the week as the strongest major currencies as boosted by...

Sterling and dollar are the two strongest major currencies this week. Market focus is turning back from risk events, like Greece, to policy divergence of major central banks. Dollar is being supported...

GBP/JPY Daily OutlookDaily Pivots: (S1) 192.93; (P) 193.34; (R1) 194.02; Intraday bias in GBP/JPY remains mildly on the upside for the moment. As noted before, the pull back from 195.86 should have...

Euro stays weak against dollar, yen and sterling after Greek parliament passed a set of critical austerity measures to secure the new three year bailout that worth EUR 86b. Prime minister Alexis...

GBP/JPY Daily OutlookDaily Pivots: (S1) 191.33; (P) 192.13; (R1) 193.71; Intraday bias in GBP/JPY remains mildly on the upside for the moment. As noted before, the pull back from 195.86 should have...

Yen is mixed today after BoJ kept policies unchanged as widely expected. The central bank will continue to expand the monetary base by JPY 80T annually. Interest rate was held near to zero level....

GBP/JPY Daily OutlookDaily Pivots: (S1) 189.47; (P) 190.89; (R1) 192.52; Intraday bias in GBP/JPY remains mildly on the upside for the moment. As noted before, the pull back from 195.86 should have...

US equities rose sharply overnight while dollar is broadly higher as the concerns over Greece averted. DJIA gained 217.27 pts, or 1.22% to close at 17977.68 while S&P 500 rose 22.98 pts, or 1.11%...

GBP/JPY Daily OutlookDaily Pivots: (S1) 187.68; (P) 189.22; (R1) 191.96; Intraday bias in GBP/JPY remains mildly on the upside for the moment. As noted before, the pull back from 195.86 should have...

Euro is mildly lower in Asian session as traders were disappointed by the lack of conclusion on a Greece bailout after the Eurozone Crisis summit on Sunday. Instead, Greece was requested to pass the...

The financial markets were rocked by the surprised result of the bailout referendum in Greece and stock market crash in China for the earlier part of last week. Yen surged sharply on risk aversion but...

The Japanese yen weakens broadly today on broad based rally in Asian markets. Sentiments improved with rebound in China markets as well as news over Greece. Nikkei is trading up over 80 pts, or 0.4%...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.77; (P) 186.62; (R1) 188.27; At this point, deeper decline is still expected in GBP/JPY for 61.8% retracement of 174.86 to 195.86 at 182.88. On the upside,...

Sentiments in the financial markets continued to be volatile. The NYSE had the biggest trading halt in two years overnight due to a computer glitch. DJIA ended the day down -261.49 pts, or -1.47% to...