ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 177.71; (P) 178.49; (R1) 179.37; Intraday bias in GBP/JPPY is neutral for the moment. With 180.10 minor resistance intact, deeper fall is expected to 175.49...

European majors weakened broadly overnight as dragged down by the news from Greece. There were some concerns that Greece cannot make the scheduled repayment to IMF. Even though Greece made a last...

GBP/JPY Daily OutlookDaily Pivots: (S1) 177.71; (P) 178.49; (R1) 179.37; Intraday bias in GBP/JPPY is neutral for the moment. With 180.10 minor resistance intact, deeper fall is expected to 175.49...

Sterling stays firm against Euro with EUR/GBP pressing 0.7226 near term support as markets await BoE rate decision. The BOE would most likely leave its monetary policy unchanged, with the Bank rate at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 177.27; (P) 177.77; (R1) 178.36; With 180.10 minor resistance intact, deeper fall is expected to 175.49 support. Break will extend the fall from 189.70 to...

Yen is mildly higher while Japanese Nikkei 225 surges to 15 year high as BoJ left monetary policies unchanged as widely expected. BoJ maintained the pledge to increase monetary base at annual pace of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 177.27; (P) 177.77; (R1) 178.36; With 180.10 minor resistance intact, deeper fall is expected to 175.49 support. Break will extend the fall from 189.70 to...

Aussie recovers mildly today after RBA left cash rate unchanged at 2.25%. That's a bit of a surprise to those who expected a cut. The accompanying statement isn't much different from the prior one. A...

Aussie weakens mildly in Asian session and is heading to 0.7559 support against the greenback. Trade deficit widened for the third straight month to AUD -1.26b in February, slightly wider than...

GBP/JPY Daily OutlookDaily Pivots: (S1) 177.27; (P) 177.79; (R1) 178.49; With 180.10 minor resistance intact, deeper fall is expected to 175.49 support. Break will extend the fall from 189.70 to...

The Japanese Nikkei 225 tumbles for another day while yen recovers against dollar after a relatively soft Tankan report. Nikkei breached 19000 handle today to as low as 18928 so far and is down...

GBP/JPY Daily OutlookDaily Pivots: (S1) 176.88; (P) 177.54; (R1) 178.40; With 180.10 minor resistance intact, deeper fall is expected to 175.49 support. Break will extend the fall from 189.70 to...

Aussie remains the weakest major currency this week and would probably end the month as the second weakest just after Sterling. There are growing speculations that RBA would pull ahead the rate cut...

GBP/JPY Daily OutlookDaily Pivots: (S1) 176.65; (P) 177.28; (R1) 177.88; With 180.10 minor resistance intact, deeper fall is expected to 175.49 support. Break will extend the fall from 189.70 to...

Asian markets open mildly firmer as Nikkei 225 is trading 50 up at the time of writing while HK HSI is up more than 1%. The forex markets are steady ahead of a event packed and holiday shortened weak....

The Japanese yen and Swiss were the biggest winner last week as markets were hit by risk aversion. Dow Jones 30 suffered big weekly loss of -415 pts or -2.3% to close at 17712.66. S&P 500 also...