ActionForex

The euro strengthens mildly in early European session on positive growth data. French GDP rose 0.3% qoq in Q4, up from Q3's 0% qoq and beat expectation of 0.2% qoq. German Q4 GDP grew 0.4% qoq versus...

EUR/JPY Daily OutlookDaily Pivots: (S1) 138.68; (P) 139.36; (R1) 140.04; Intraday bias in the EUR/JPY remains neutral for the moment. With 140.49 resistance intact, near term outlook stays bearish and...

Australian dollar reverses and drops sharply today as hit by poor employment data. The employment market unexpectedly contracted by -3.7k in January versus expectation of 15k growth. That's the second...

GBP/JPY Daily OutlookDaily Pivots: (S1) 167.84; (P) 168.46; (R1) 169.41; Intraday bias in the GBP/JPY remains mildly on the upside for the moment as rebound form 163.87 continues. Current development...

Financial markets had clearly given Yellen a vote of confidence overnight after her first testimony to Congress as Fed chair. The Dow closed 192.98 pts, or 1.22% higher at 15994.77 after breaching...

GBP/JPY Daily OutlookDaily Pivots: (S1) 167.13; (P) 167.78; (R1) 168.37; Intraday bias in the GBP/JPY remains mildly on the upside for the moment as rebound form 163.87 continues. Current development...

The dollar dips further against other major currencies as markets are awaiting Fed chairman Yellen's testimony to the House Financial Services Committee today at 1500 GMT. The prepared speech will be...

GBP/JPY Daily OutlookDaily Pivots: (S1) 166.66; (P) 167.34; (R1) 168.56; Intraday bias in the GBP/JPY remains mildly on the upside for the moment as rebound form 163.87 continues. Current development...

Asian equities are generally higher today following the extended rebound in the US last Friday. The Nikkei is trading up nearly 250 pts, or 17% at the time of writing. The yen crosses are firm as...

Markets reversed some of recent moves after ECB announcement and US employment data last week. After initial fall to 15349.69, the Dow staged a strong rebound towards the end of the week and closed...

GBP/JPY Daily OutlookDaily Pivots: (S1) 165.52; (P) 166.17; (R1) 167.30; The recovery from the GBP/JPY is still in progress but again, we'd expect upside to be limited by 167.76 support turned...

The dollar and yen are holding on to yesterday's loss against european majors as markets are awaiting January employment data from US. ECB rate decision and Draghi's press conference triggered a...

GBP/JPY Daily OutlookDaily Pivots: (S1) 164.21; (P) 165.18; (R1) 166.41 Intraday bias in the GBP/JPY remains neutral for some more consolidations above 163.87 temporary low. Upside of recovery should...

Markets are cautiously steady as focus turns to one of the key event rates of the week, the ECB's rate decision. It's been generally agreed that the Eurozone is facing deflation risk as January CPI...

GBP/JPY Daily OutlookDaily Pivots: (S1) 164.52; (P) 165.26; (R1) 166.66; The GBP/JPY formed a temporary low at 163.87 and intraday bias is turned neutral for some sideway trading first. Near term...

Markets stabilized a bit from recent violent moves, with the Dow recovering 72.44 pts to close at 15445.24 overnight. Treasury yields also ended the day mildly higher with 10 year yield at 2.624% and...