ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 131.89; (P) 132.39; (R1) 132.74GBP/JPY continues to lose upside momentum ahead of 133.48 key resistance but with 130.45 minor support holds, another rally is...

The dollar maintains a firm tone against European majors as focus is turning to US employment data today. Markets are expecting the non-farm payroll report to show 90k job growth in November, with...

GBP/JPY Daily OutlookDaily Pivots: (S1) 131.99; (P) 132.37; (R1) 133.05Intraday bias in GBP/JPY remains on the upside for the moment. Current rise from 125.67 is is part of the whole rally from 118.82...

ECB meeting will be a main focus of today and it's expected to keep rates unchanged at 0.75%. Meanwhile, ECB would likely revise down their economic projections. Back in September, the ECB projected...

GBP/JPY Daily OutlookDaily Pivots: (S1) 131.45; (P) 131.91; (R1) 132.27With 130.45 minor support intact, we're staying cautiously bullish in GBP/JPY. Current rise from 125.67 is is part of the whole...

Strong rally in China stock markets led Asian equities higher today and pressured dollar and yen. The euro has been the relatively stronger one this week and also supported rally in EUR/CHF, which was...

GBP/JPY Daily OutlookDaily Pivots: (S1) 131.77; (P) 132.15; (R1) 132.71GBP/JPY lost some upside momentum but still, with 130.45 minor support intact, further rally is expected. Current rise from...

Australian dollar attempted a rally earlier in the Asian session but upside was capped after RBA delivered the rate cut by -25 bps to 3.00% as widely expected. Governor Glenn Stevens warned of strong...

GBP/JPY Daily OutlookDaily Pivots: (S1) 131.45; (P) 132.12; (R1) 132.67;Intraday bias in GBP/JPY remains on the upside for the moment. Current rise from 125.67 is part of the whole rally from 118.82...

Manufacturing data from China released over the weekend lifted market sentiments as the week starts and sent Asian equities generally higher. The official manufacturing PMI improved to a seven-month...

The Japanese yen continued to be the weakest currency in an otherwise rather mixed week last week. Eurozone finance ministers finally finalized the deal for Greece bailout but that didn't provide the...

Fresh selling was seen in the Japanese yen before the month closes. The Japanese cabinet approved a JPY 880b stimulus package today, more than double of an earlier package announced back in October....

GBP/JPY Daily OutlookDaily Pivots: (S1) 131.35; (P) 131.60; (R1) 131.96The breach of 132.44 resistance suggests that recent rally in GBP/JPY is resuming. Intraday bias is back on the upside. Current...

GBP/JPY Daily OutlookDaily Pivots: (S1) 130.70; (P) 131.19; (R1) 131.93GBP/JPY drew some support from 4 hours 55 EMA and recovered as consolidation from 132.44 continued. More sideways trading would...

Asia equities are broadly higher today, following the 107 pts rebound in the Dow overnight at 12985 and have 13000 level back in sight. Sentiments were lifted as US president Barack Obama said that...

EUR/JPY Daily OutlookDaily Pivots: (S1) 105.97; (P) 106.47; (R1) 106.82Intraday bias in EUR/JPY remains neutral for the moment and more consolidative trading could be seen below 107.13. And, break of...