ActionForex

Euro stays firm against dollar after Italy's new prime minister Letta won his first confidence vote. The new government is being backed by Letta's own center-left Democratic Party, Berlusconi's...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.76; (P) 152.09; (R1) 153.06;Intraday bias in GBP/JPY remains mildly on the downside for 149.97 and below as consolidation from 153.86 extends. Downside...

The forex markets open the week steadily with mild USD weakness, but loss is so far limited. The more notable move is seen in the sterling, with the GBP/USD breaking through 1.55 handle as last week's...

The sterling ended the week as the strongest performer; the UK Q1 GDP beat expectations, and the economy avoided the so-called triple dip recession. The Swiss franc was the worst performer, driven by...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.77; (P) 152.77; (R1) 154.12;GBP/JPY's rebound was limited at 153.76, below 153.86 resistance and retreated. Outlook is unchanged. Consolidation from 153.86...

The yen was mildly higher in Friday's Asian session; as as widely expected, the BoJ left the monetary policies unchanged. The central bank also revised its growth and inflation forecast up. Thje GDP...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.20; (P) 151.75; (R1) 152.40;Intraday bias in the GBP/JPY remains neutral for the moment. Consolidation from 153.86 might extend with another decline. Below...

The dollar is broadly lower in Asian session today, as commodities stage further rebound. Gold is back above the 1440 level, which is more than 9% above last week's low of 1321.5. Meanwhile, crude oil...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.32; (P) 151.17; (R1) 152.37; MoreGBP/JPY drew some support from 4 hours 55 EMA and recovered mildly. Outlook is unchanged though. Consolidation from 153.86...

New Zealand dollar strengthens mildly today after RBNZ key rates are unchanged at 2.50%, as expected. More importantly, RBNZ sounded optimistic as it mentioned in the statement that growth has "picked...

EUR/JPY Daily OutlookDaily Pivots: (S1) 128.81; (P) 129.74; (R1) 130.57;Within 4 hours, the MACD crossed below the signal line. Aebound from 124.84 might have finished at 130.66. Note that...

Asian equities are broadly lower today, after disappointing manufacturing data from China also pressurized the Aussie. The preliminary HSBC manufacturing PMI dropped to 50.5 in April, down from the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.10; (P) 151.30; (R1) 152.75;Intraday bias in the GBP/JPY remains on the upside for further rise. Consolidation from 153.86 might extend further with another...

As the week started, the Yen weakened broadly in reaction to the G20 meeting. The BoJ governor commented that "winning international understanding gives me more confidence to conduct monetary policy...

Risk aversion dominated the market last week on a couple of factors including concern over China's recovery, free fall in precious metals and Boston marathon bombing. DOW ended the week over -300 pts...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.96; (P) 149.71; (R1) 150.71; The GBP/JPY's rebound from 146.42 continued on Friday, reaching as high as 151.92. Nonetheless, it's still limited below 153.86...