ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 177.30; (P) 178.29; (R1) 179.00; Intraday bias in GBP/JPY remains neutral as consolidation from 175.77 temporary low continues. We'd expect upside to be...

Euro dipped overnight as ECB toughened its stance on Greece. Just hours after Greek finance minister Yanis Varoufakis met ECB president Mario Draghi, the central bank announced to suspend the Greek...

GBP/JPY Daily OutlookDaily Pivots: (S1) 176.39; (P) 177.38; (R1) 179.28; Intraday bias in GBP/JPY remains neutral as consolidation from 175.77 temporary low continues. We'd expect upside to be...

New Zealand dollar recovers today on comments from RBNZ governor Graeme Wheeler and positive job data. Wheeler noted that "the RBNZ is not seriously contemplating cutting the cash rate at this point,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 176.05; (P) 176.89; (R1) 177.67; Intraday bias in GBP/JPY remains neutral or consolidation above 175.77 temporary low. We'd expect upside to be limited by...

Aussie tumbles broadly as RBA, after some market anticipations, finally announced to cut cash rate by 25bps to new record low of 2.25%. The statement was dovish, noting that "output growth will...

GBP/JPY Daily OutlookDaily Pivots: (S1) 175.92; (P) 177.23; (R1) 178.35; Intraday bias in GBP/JPY remains neutral or consolidation above 175.77 temporary low. We'd expect upside to be limited by...

Asian equities opened the week generally lower on weaker than expected China data. The office PMI manufacturing dropped to 49.8 in January versus expectation of a rise to 50.3. That's the first...

Euro ended January generally lower as dragged by firstly by SNB's removal of the EUR/CHF floor, then by ECB's massive quantitative easing program. Nonetheless, the common currency was overwhelmed by...

GBP/JPY Daily OutlookDaily Pivots: (S1) 177.62; (P) 178.27; (R1) 178.86; Intraday bias in GBP/JPY remains neutral for the moment as consolidation from 175.86 continues. But still, as long as 180.93...

While the greenback remains strong against commodity currencies, it's struggle to breakout from recent range against European majors. Fed chair Janet Yellen said yesterday in a private luncheon with...

GBP/JPY Daily OutlookDaily Pivots: (S1) 177.26; (P) 178.31; (R1) 178.99; Intraday bias in GBP/JPY remains neutral for the moment as consolidation from 175.86 continues. But still, as long as 180.93...

Dollar recovered mildly overnight after FOMC kept rates unchanged near zero and reiterated that "it can be patient in beginning to normalize the stance of monetary policy." The statement overall...

GBP/JPY Daily OutlookDaily Pivots: (S1) 178.15; (P) 178.78; (R1) 179.73; Intraday bias in GBP/JPY remains neutral for the moment as consolidation from 175.86 continues. But still, as long as 180.93...

Dollar stays in consolidation against other major currencies as markets await FOMC announcement later today. We do not expect the Fed would change its monetary stance this month. Yet, the FOMC meeting...

GBP/JPY Daily OutlookDaily Pivots: (S1) 176.59; (P) 177.76; (R1) 179.77; Intraday bias in GBP/JPY remains neutral for the moment as consolidation from 175.86 continues. But still, as long as 180.93...