ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 125.62; (P) 125.89; (R1) 126.28GBP/JPY's correction from 128.82 could still be in progress and might extend lower. But in that case, strong support should be...

The euro continues to gyrate in familiar range as the situation on bailout of Spain remains uncertain. Reuters reported that the country is preparing to finally seek a sovereign bailout and "things...

Equities did pull back last week on growth worry as IMF lowered global GDP forecasts. That helped the greenback and yen recovered but there was no sustainable buying. European majors somewhat shrugged...

GBP/JPY Daily OutlookDaily Pivots: (S1) 124.91; (P) 125.51; (R1) 126.29Intraday bias in GBP/JPY remains neural for the moment. Correction from 128.82 could still extend lower. But in case of another...

While most Asia equities strengthened today on improved risk sentiments, the currency markets are generally trapped in familiar range. The IMF said that Asian growth is projected to "pick up very...

GBP/JPY Daily OutlookDaily Pivots: (S1) 124.86; (P) 125.24; (R1) 125.49GPB/JPY's correction from 128.82 is still in progress and intraday bias remains on the downside. As noted before, such correction...

The euro extends its correction against other major currencies after S&P downgraded the country's sovereign credit rating to BBB-, from BBB+, placing it much close to junk level. In addition, the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 124.82; (P) 125.33; (R1) 125.71Intraday bias in GBP/JPY remains mildly on the downside for the moment. Fall from 127.79 is the third leg of the correction from...

The euro continues to correct lower against other major currencies after IMF warned that the Eurozone is exposed to a "downward spiral of capital flight, breakup fears and economic decline." In the...

Risk markets recovered mildly in Tuesday's Asian session and triggered some retreat from the dollar and yen. Hope of additional stimulus from China was the main driver in stocks. A newspaper --...

GBP/JPY Daily OutlookDaily Pivots: (S1) 124.73; (P) 125.90; (R1) 126.67Intraday bias in GBP/JPY remains mildly on the downside for the moment. Fall from 127.79 is the third leg of the correction from...

GBP/JPY Daily OutlookDaily Pivots: (S1) 126.49; (P) 127.15; (R1) 127.55The steep decline today mixed up the near term outlook in GBP/JPY and turns bias neutral first. Focus is back on 125.34 minor...

Asian equities opened the week broadly lower as investors are taking cautious positions ahead of earnings releases, which start with Alcoa tomorrow. Mild risk aversions took major currencies lower...

After a very eventful week, euro ended up the strongest currency on optimism that Spain was closer to seeking a sovereign bailout. ECB president Draghi expressed in the post meeting press conference...

GBP/JPY Daily OutlookDaily Pivots: (S1) 126.44; (P) 126.77; (R1) 127.37As noted before, the pullback from 128.82 should have finished at 125.34 already. Intraday bias remains mildly on the upside for...

Markets focus will now turn to employment data after passing all central banks meeting this week. Analysts expect US NFP to show 111k job growth in September, up from August's 96k. Unemployment rate...