ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 175.59; (P) 177.04; (R1) 177.95; Despite a brief breach of 175.86, GBP/JPY quickly recovered. Intraday bias stays neutral as current consolidation might...

Dollar ended the week as the strongest major currency after another week of dovish central bank driven volatilities. Euro dived to 11 year low against dollar and 7 year low against Sterling as ECB's...

Euro opened the week lower and breached 1.11 against dollar after Greek leftist Syriza leader Alexis Tsipras claimed victory on Sunday's election. At the time of writing, the Coalition of Radical left...

GBP/JPY Daily OutlookDaily Pivots: (S1) 176.94; (P) 178.07; (R1) 178.95; Intraday bias in GBP/JPY remains neutral for the moment after drawing support from 61.8% retracement of 168.01 to 189.70 at...

Euro weakened broadly over night after ECB launched a massive expansion in the asset buying program that is worth over EUR 1T. EUR/USD extended recent fall to as low as 1.1314 so far while EUR/JPY hit...

GBP/JPY Daily OutlookDaily Pivots: (S1) 177.11; (P) 178.52; (R1) 179.99; Intraday bias in GBP/JPY remains neutral for the moment after drawing support from 61.8% retracement of 168.01 to 189.70 at...

Euro stays in tight range against US dollar and yen as markets away ECB announcement and press conference. ECB would likely announce a new round of QE measures including government bond purchases....

The Japanese is mildly higher today as this week's pull back lost momentum. BoJ maintained its monetary policy unchanged in January but trimmed both growth and inflation outlooks. The central bank cut...

GBP/JPY Daily OutlookDaily Pivots: (S1) 176.95; (P) 177.65; (R1) 178.33; Intraday bias in GBP/JPY is neutral for the moment as it's drawing support from 61.8% retracement of 168.01 to 189.70 at...

Aussie is mildly lower against the greenback on news from China. Chinese equities slumped yesterday as the government sought to curb margin lending. The CSI 300 plummeted -7.7%, the biggest single...

EUR/JPY Daily OutlookDaily Pivots: (S1) 134.98; (P) 135.57; (R1) 136.45; Intraday bias remains on the downside for 134.13 key support level. Decisive break there will carry larger bearish...

SNB Shocked Markets, Focus Turns to ECBThe Swiss National Bank shocked the markets by removing the EUR/CHF 1.2 floor last week. The news triggered sharp surge in the Swiss franc with EUR/CHF hitting...

EUR/JPY Daily OutlookDaily Pivots: (S1) 137.23; (P) 138.07; (R1) 139.13; Near term outlook stays cautiously bearish in EUR/JPY with 141.71 resistance intact. Current fall from 149.76 should target a...

Dollar pulled back after weak retail sales data overnight and stayed in range after Fed's Beige Book report. The report noted "modest" or "moderate" growth across most of the 12 districts during the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 177.87; (P) 178.97; (R1) 179.86; GBP/JPY's decline from 189.70 extends to as low as 177.72 so far today and intraday bias remains on the downside. Current fall...

The Japanese yen extends recent rebound against other major currencies is Asian session today. Safe haven demand is seen as a favor in driving the yen higher, in particular from falling commodities....