ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 156.98; (P) 158.12; (R1) 158.96;GBP/JPY failed to take out 159.52 and intraday bias is turned neutral first. Outlook is unchanged. While larger rally might...

Much volatility was seen in the financial markets overnight, driven by two key events. Firstly, ECB unexpectedly cut interest rates by 25bps to historical low of 0.25%. Secondly, US GDP beat...

GBP/JPY Daily OutlookDaily Pivots: (S1) 158.03; (P) 158.50; (R1) 159.10; Intraday bias in the GBP/JPY is mildly on the upside for 159.52 and above. The larger rally might extend through 159.98...

The euro recovered mildly overnight against other major currencies but strength is so far limited. While there were some speculations that ECB would cut interest rates today, it's far more likely that...

GBP/JPY Daily OutlookDaily Pivots: (S1) 156.99; (P) 157.62; (R1) 158.61;The rebound from 156.63 accelerates today and intraday bias in GBP/JPY is mildly on the upside or 159.52 and above. The larger...

Dollar is rather mixed this week, firm against the euro, Swissy and Canadian, but weakened against the Sterling, Aussie, Kiwi and yen. US equities also lacked direction as DOW and S&P 500 are...

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.14; (P) 157.40; (R1) 157.71;The GBP/JPY is still staying in tight range above 156.75 and intraday bias remains neutral. On the downside, below 156.75 will...

Aussie pares some of this week's gain after RBA left rates unchanged at 2.5% as widely expected. The central bank maintained the view that growth would be below trend in near term. And, inflation...

GBP/JPY Daily OutlookDaily Pivots: (S1) 156.71; (P) 157.25; (R1) 157.70; Intraday bias in the GBP/JPY remains neutral for the moment. On the downside, below 156.75 will bring deeper fall to 154.72...

Aussie strengthens as the week starts on the back of stronger than expected retail sales data. Sales rose 0.8% mom in September versus consensus of 0.4% mom. Prior month's figure was also revised up...

Sentiments towards Euro had a drastic turn last week. Broad based, steep selloff was seen in the common currency as much lower than expected inflation reading triggered speculations that ECB could cut...

EUR/JPY Daily OutlookDaily Pivots: (S1) 132.85; (P) 134.10; (R1) 134.86;The strong break of 133.60 support turns intraday bias in EUR/JPY to the downside for 131.13 support. Break will be an early...

The euro is set to be the weakest currency this week as yesterday's sharp decline continues. The common currency was pressured by speculation of additional easing from the ECB next week. The October...

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.50; (P) 157.83; (R1) 158.34;Intraday bias in the GBP/JPY remains neutral for the moment. Outlook is unchanged before breakout from 154.72/159.52 range. Near...

The dollar recovered overnight while stocks pared recent gains as the FOMC statement released overnight was seen as less dovish than expected by some economists. Fed let's rate unchanged at near zero...

GBP/JPY Daily OutlookDaily Pivots: (S1) 156.96; (P) 157.32; (R1) 157.90; There was no follow through selling in the GBP/JPY and intraday bias is turned neutral again. Outlook is unchanged before...