ActionForex

The euro rebounded broadly overnight on building expectations that ECB would keep the policy rate unchanged at 0.75% this week. According to a Reuters poll, 67 out of 73 surveyed economists are...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.76; (P) 141.29; (R1) 142.16Intraday bias in GBP/JPY remains neutral for the moment and some more consolidations could be seen. But a recent rally should...

A couple of major events in US were the major focus last week and drove both stocks and dollar index sharply higher. The so-called fiscal cliff agreement was finally reached which initially sent...

Financial markets are steady in Asia today without much reaction to the solid employment report from US over the week. Major pairs and crosses in FX markets are stuck in right range as dollar retreats...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.80; (P) 140.88; (R1) 141.60.With four-hour MACD staying below signal line, intraday bias in GBP/JPY is turned neutral for the moment. Though, as long as...

Dollar strengthened sharply overnight as FOMC minutes showed that most policy makers saw quantitative easing ending in 2013. The minutes noted that a few members expressed the view that ongoing asset...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.73; (P) 141.74; (R1) 142.93Intraday bias in GBP/JPY remains on the upside for the moment. Current rally from 118.82 is still in progress, with strong...

The euro is notably weaker than other major currencies except the Japanese yen and Swiss franc even though the markets are generally blessed with risk appetite. Indeed, EUR/USD failed to take out 1.33...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.23; (P) 140.11; (R1) 141.76GBP/JPY's rally accelerates to as high as 142.64 so far today and the strong break and sustained trading above 140 has some...

Markets opened 2013 trading with strong risk appetite on a breakthrough in US fiscal cliff negotiations. Yen and, to a slightly lesser, extent, the dollar, are broadly sold off in steep manner. A bit...

The Yen drops further today on expectations that the Japanese government would accelerate monetary easing to boost the economy. Consistent deflation pressure reinforced this view. The Japanese...

GBP/JPY Daily OutlookDaily Pivots: (S1) 137.11; (P) 137.66; (R1) 138.71GBP/JPY rises to as high as 138.56 so far and intraday bias is now on the upside. Current rally should now target 140.02 key...

The yen sell-off was the main theme over thin holiday markets as USD/JPY soared to 27-month high and broke a key resistance level at 85.51. Shinzo Abe was elected by the parliament as prime minister...

The dollar and yen are staying in a tight range against European majors as consolidations continue. Meanwhile, global equities are weighed down by US fiscal cliff impasse. Risk aversion pressures...

GBP/JPY Daily OutlookDaily Pivots: (S1) 136.53; (P) 137.03; (R1) 137.86Intraday bias in GBP/JPY remains neutral for the moment and some more consolidations could be seen below 137.86 temporary top. In...

Yen recovers after BoJ announcement today offered no surprise to the markets. As widely expected, the BOJ expanded the asset buying program to stimulate the economy and combat inflation. The overnight...