ActionForex

Aussie jumps sharply after RBA kept rates unchanged at 3.25%. That surprised part of the markets which expected a cut to 3.00%. At the accompanying statement, Governor Glenn talked about the upside...

GBP/JPY Daily OutlookDaily Pivots: (S1) 128.04; (P) 128.47; (R1) 129.08Intraday bias in GBP/JPY is neutral for the moment. Consolidation fro 129.64 might extend further and below 128.41 will bring...

Asian markets are broadly lower as traders turned cautious ahead of US election. Latest polls showed a very close tie between President Obama and Republican Romney with less than 48 hours to go before...

When we're seeing New Zealand dollar being the strongest currency last week while the Japanese yen was the weakest, we might have thought that the week was blessed with strong risk appetite. Indeed,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 128.79; (P) 129.12; (R1) 129.57;Intraday bias in GBP/JPY remains on the upside for 129.64 resistance. Break will confirm resumption of whole rebound from 118.82...

Positive job and manufacturing data from U.S. lifted sentiments overnight as the Dow closed up more than 1% at 13232. The forex markets was relatively steady and mixed though. Yen remained the weakest...

GBP/JPY Daily OutlookDaily Pivots: (S1) 128.04; (P) 128.47; (R1) 129.08;Intraday bias in GBP/JPY remains on the upside for 129.64 resistance. Break will confirm resumption of whole rebound from 118.82...

Markets are generally stuck in range as US equities failed to maintain initial gain and ended flat. Asian stocks opened lower but was then lifted by manufacturing data, which in turn triggered some...

GBP/JPY Daily OutlookDaily Pivots: (S1) 127.17; (P) 127.82; (R1) 128.62;The pull back from 129.64 could extend lower. But note again that as long as 124.72 support holds, rebound from 118.82 is still...

While Euro attempted a rebound yesterday, the strength was limited as Greece's coalition government announced to delay a vote on major new austerity for a week. Finance Minister Stournaras said that...

GBP/JPY Daily OutlookDaily Pivots: (S1) 127.53; (P) 127.92; (R1) 128.28The breach of 127.09 minor support and mixes up the near-term outlook. Intraday bias is now mildly on the downside for deeper...

The Japanese yen rebounds broadly after markets are underwhelmed by BoJ's easing expansion. The central bank raised the assets purchase by JPY 11T to JPY 66T. The credit loan program was kept at JPY...

GBP/JPY Daily OutlookDaily Pivots: (S1) 127.59; (P) 128.58; (R1) 129.17;Intraday bias in GBP/JPY remains neutral at this point. Retreat should be contained by 127.09 support and bring another rally....

Major currency pairs are stuck in tight range today so far. Asian equities were mixed and provided no inspiration. Euro is soft against dollar and yen and could head lower as correction extends. The...

There was no unified theme in the markets last week. The Japanese yen was the weakest currency in the early part of the week on speculation of imminent BoJ easing. But yen then rebounded strongly as...

GBP/JPY Daily OutlookDaily Pivots: (S1) 128.35; (P) 129.00; (R1) 130.06;Intraday bias in GBP/JPY remains on the upside for the moment. Current rally is now expected to continue to 100% projection of...