ActionForex

Asian indices tumbled sharply today following the stock market rout in China. At the time of writing, the China Shanghai composite is down -3.8%, after losing nearly -5% earlier in the day, proving...

GBP/JPY Daily OutlookDaily Pivots: (S1) 189.83; (P) 190.74; (R1) 192.12; Intraday bias in GBP/JPY remains on the downside for the moment. As noted before, a short term top is in place at 195.86 on...

The Australian dollar remains soft after RBA left the cash rate unchanged at historical low of 2.00% as widely expected. The accompanying statement contained little new information. The central bank...

GBP/JPY Daily OutlookDaily Pivots: (S1) 190.53; (P) 191.53; (R1) 192.18; GBP/JPY dropped sharply to as low as 189.39 before recovering mildly. Intraday bias remain son the downside. As noted before,...

The financial markets are hit hard by the Greek vote as the week opened. Nikkei is trading down over -300 pts, or -1.5% at the time of writing while HK HSI is down -800 pts or -3% at the time of...

Dollar weakened mildly after yesterday's job report but loss is limited. The set of Non-farm payroll data was seen as mildly disappointing to economists. The expectations for two rate hike before the...

Dollar is firm in Asian session as markets' focus turns temporarily away from Greece to job data from US. Non-farm payroll is expected to show 225k growth in June while unemployment rate is expected...

GBP/JPY Daily OutlookDaily Pivots: (S1) 191.80; (P) 192.36; (R1) 192.89; As noted before, a short term top is in place at 195.86 on bearish divergence condition in 4 hours MACD. Deeper fall is...

Euro remains mixed as markets are closely watching the development in Greece. IMF spokesman Gerry Rice confirmed that Greece missed the EUR 1.5b payment after the deadline and that's the largest...

GBP/JPY Daily OutlookDaily Pivots: (S1) 191.69; (P) 192.35; (R1) 193.01; As noted before, a short term top is in place at 195.86 on bearish divergence condition in 4 hours MACD. Intraday bias remains...

GBP/JPY Daily OutlookDaily Pivots: (S1) 191.61; (P) 192.57; (R1) 193.79; As noted before, a short term top is in place at 195.86 on bearish divergence condition in 4 hours MACD. Intraday bias remains...

Asian markets recover mildly after the global rout yesterday. Nikkei managed to sty above 20000 handle and is up 0.4% at the time of writing, trading around 20200. Overnight, S&P 500 suffered the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 194.19; (P) 194.72; (R1) 195.51; The break of 191.94 support indicates that a short term top is formed at 195.82, on bearish divergence condition in 4 hours...

Euro ended last week broadly lower, together with Swiss Franc, on endless Greek debt negotiations. The drama stepped up to another level as Greek prime minister Alexis Tsipras announced on Saturday to...

Euro opened the week sharply lower, together with stock markets as Greek crisis intensified. Greek prime minister Alexis Tsipras called for a referendum on July 5 over the weekend to decide whether to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 193.82; (P) 194.29; (R1) 195.10; Intraday bias in GBP/JPY remains neutral for the moment for some consolidations. Further rally is expected as long as 191.94...