ActionForex

Commodity currencies recovered today partly thanks strength in gold and crude oil. Kiwi jumped strongly after trade balance unexpectedly showed NZD 486m surplus in December comparing to expectation of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.68; (P) 141.80; (R1) 143.73;GBP/JPY is still staying in range of 139.25/144.80 for the moment and intraday bias remains neutral. As long as 139.25 support...

Yen remains soft against other major currencies while Euro remains firm in relatively steady markets in Asia today. The Japanese government raised 2013/14 growth forecast to 2.5%, comparing to August...

Euro finally broke out of recent range last week and ended as the strongest currency on improvement in the banking system as well as confidence. Meanwhile, Canadian dollar was the weakest one...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.68; (P) 141.80; (R1) 143.73GBP/JPY rebounds further today but is still limited below 144.80 and intraday bias remains neutral. No change in the near-term...

Yen's sell-off extended further Friday after inflation data and BoJ minutes with USD/JPY and EUR/JPY took out recent highs and psychological level at 90 and 120 respectively. National CPI core dipped...

EUR: The single currency jumped in European morning and indicated offers at 1.3365-70 and 1.3390-00 were filled, stops at 1.3405-10 were also triggered but sizeable offers remain at 1.3420-30 as well...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.50; (P) 140.16; (R1) 141.08GBP/JPY recovers after a brief breach of 139.39 support and intraday bias remains neutral. At this point, price actions from...

Risk markets are mixed in Asian session today as IMF cut global growth forecasts but sentiments were supported by China's manufacturing data. In the currency markets, yen crosses seemed to have drawn...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.23; (P) 141.03; (R1) 142.28At this point, GBP/JPY is still staying inside range of 139.39/144.80 and intraday bias remains neutral for the moment. With...

Yen remains firm in Asian session today as post BoJ recovery continues. It's clear that investors are dissatisfied with BoJ's lack of action this year while it only planned the open-ended asset...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.39; (P) 142.22; (R1) 142.71GBP/JPY weakens again today as consolidation from 144.80 extends. Intraday bias stays neutral first. Deeper retreat cannot be...

The Japanese yen dipped initially following BoJ's announcement but rebounds again. BoJ's move today was somewhat priced in the markets already and yen would likely recover further in near term...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.28; (P) 143.19; (R1) 143.88GBP/JPY dips mildly today as consolidation from 144.80 continues and intraday bias remains neutral. Deeper fall might be seen but...

The yen recovered broadly today as BoJ started its two day policy meeting. Expectation on the post meeting announcement is high considering that yen is down more than 8% against dollar since December...

There are some important points to note about last week's market developments. Firstly, it's a surprise that dollar ended the week as the strongest currency, gained against all other major currencies....