ActionForex

Euro opened the week lower after the negotiation talk with Greece collapsed after just 45 minutes of meeting on Sunday. It's reported the European Union officials blamed the failure on Greece, which...

GBP/JPY Daily OutlookDaily Pivots: (S1) 189.11; (P) 190.35; (R1) 191.75; Intraday bias in GBP/JPY remains neutral for the moment. The consolidation from 191.94 could extend with another fall. But in...

The currency markets are relatively steady as the end of the week approaches. Euro continues to stay in right range against dollar but is mildly softer against yen and sterling. It's reported that the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 189.11; (P) 190.35; (R1) 191.75; Intraday bias in GBP/JPY remains neutral for the moment. A short term top might be in place at 191.94 on bearish divergence...

New Zealand dollar tumbled after RBNZ cut the official cash rate by 25bps to 3.25%. That was seen as a surprised move by some traders. More importantly, the central bank maintained easing bias after...

GBP/JPY Daily OutlookDaily Pivots: (S1) 190.10; (P) 190.73; (R1) 191.93; Intraday bias in GBP/JPY is turned neutral for the moment. A short term top might be in place at 191.94 on bearish divergence...

Australian dollar dipped notably in Asian session as weighed down by comments from RBA governor Glenn Stevens. He noted that the central bank remained "open to the possibility of further policy...

GBP/JPY Daily OutlookDaily Pivots: (S1) 190.55; (P) 191.20; (R1) 191.73; Intraday bias in GBP/JPY is turned neutral for the moment. A short term top might be in place at 191.94 on bearish divergence...

Asian equities are broadly lower following the weakness in US stocks overnight. Nikkei is down -0.8%, or 164pts at the time of writing while HK HSI is also down -0.8% or -222 pts. DJIA closed -0.46%...

GBP/JPY Daily OutlookDaily Pivots: (S1) 191.02; (P) 191.49; (R1) 192.22; Intraday bias in GBP/JPY remains on the upside. Current rally is still in progress and should target 100% projection of 168.01...

Euro ended last week as the strongest major currency as boosted by a few factors. Firstly, May CPI flash came in higher than expected at 0.3% yoy versus consensus of 0.2% yoy. And, core CPI also...

Markets are relatively quiet in Asian session today despite some important economic data release. Q1 GDP of Japan was finalized at 1.0% qoq, revised up from 0.7% qoq. Annualized rate was revised to...

Euro retreats mildly on again on news from Greece and as markets await employment data from US. Nonetheless, the common currency remains the strongest major currency so far this week. Greece invoked a...

Euro stays firm as the strongest major currency this week. Traders seemed to be optimistic that Greece will finally strike a deal with international creditors. Greek prime minister Alexis Tsipras met...

GBP/JPY Daily OutlookDaily Pivots: (S1) 189.50; (P) 190.02; (R1) 190.92; No change in GBP/JPY's outlook. Further rise is still expected as long as 187.78 support intact. Current rally, as part of the...

Euro rebounded strongly yesterday and stayed firm in Asian session. News regarding Greece was seen as the main driver in the rebound. It's reported that Greece's international creditors are giving the...