ActionForex

GBP/JPY Daily Outlook Daily Pivots: (S1) 182.42; (P) 182.88; (R1) 183.29; With 180.15 minor support intact, rebound from 175.49 is in favor to extend higher to 187.79/189.70 resistance zone. We'd...

Euro weakened mildly as the talk between Greece and Eurozone finance ministers over the new bailout arrangement broke down abruptly yesterday. Greece rejected a proposal from European commission to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 182.42; (P) 182.88; (R1) 183.29; With 180.15 minor support intact, rebound from 175.49 is in favor to extend higher to 187.79/189.70 resistance zone. We'd...

Economic from Japanese showed the economy pulled out from recession in Q4. GDP grew 0.6% qoq in Q4 but was below expectation of 0.9% qoq. Year-over-year rate was negative for the third consecutive...

Sterling ended up as one of the strongest major currencies last week, boosted by hawkish BoE quarterly inflation report. Swiss franc was the weakest major currency as post SNB pull back extended....

EUR/JPY Daily OutlookDaily Pivots: (S1) 135.43; (P) 136.05; (R1) 137.09; No change in EUR/JPY's outlook. recovery from 130.13 might extend but we'd expect upside to be limited by 137.63 resistance...

Daily ReportDollar is set to end the week with on a weak note as economists pared back expectations on Fed's rate hike due to low inflation. According to WSJ survey, some economists expected that Fed...

Aussie dips lower today after weaker than expected job data. The employment market contracted -12.2k in January versus expectation of -4.7k. Nonetheless prior month's job growth was revised higher fro...

GBP/JPY Daily OutlookDaily Pivots: (S1) 180.85; (P) 181.54; (R1) 182.85; Intraday bias in GBP/JPY remains on the upside for the moment. Current rise from 175.49 should extend to test on 187.79/189.70...

Euro stays steady in range against dollar, sterling and is mildly firmer against yen as markets away the emergency talk of Eurozone finance ministers in Brussel regarding Greece. Greek government...

GBP/JPY Daily OutlookDaily Pivots: (S1) 180.09; (P) 180.94; (R1) 182.35; GBP/JPY lost some upside momentum as seen in 4 hours MACD. But with 179.29 minor support intact, further rise is mildly in...

While Euro weakened mildly overnight, there was no follow through selling and it remained in tight range against dollar and yen. Eyes remain on the development in the situation in Greece. It's...

GBP/JPY Daily OutlookDaily Pivots: (S1) 180.09; (P) 180.94; (R1) 182.35; Intraday bias in GBP/JPY remains mildly on the upside for the moment. Fall from 189.70 has possibly completed at 175.49. Rise...

The forex markets were rather mixed last week. Commodities were the biggest winners. Canadian dollar recovered along with crude oil, which closed above 50 at 52.3. Kiwi was the second strongest major...

Aussie opens the week lower trade data from China stoked growth worries. China trade surplus widened to USD 60b in January versus expectation of USD 48.2b. Exports dropped -3.3% yoy but imports...

GBP/JPY Daily OutlookDaily Pivots: (S1) 178.42; (P) 179.41; (R1) 181.09; Intraday bias in GBP/JPY remains neutral as consolidation from 175.77 continues. We'd expect upside to be limited by 180.93...