ActionForex

While the common currency is still bounded in range against dollar, it's generally firm against other major currencies. Main focus today will be on ECB meeting. The ECB would very likely leave its...

GBP/JPY Daily OutlookDaily Pivots: (S1) 125.74; (P) 126.10; (R1) 126.42With 126.69 minor resistance intact, the pull back from 128.82 might extend lower. But still, downside is expected to be...

Aussie remains the biggest loser this week as the post RBA cut selloff extends today. Further selling was seen today after Australia posted some bad trade data. Trade deficit widened much more than...

GBP/JPY Daily OutlookDaily Pivots: (S1) 125.42; (P) 125.87; (R1) 126.23With 126.69 minor resistance intact, the pull back from 128.82 might extend lower. But still, downside is expected to be...

Aussie dives across the board after RBA unexpectedly cut rates by 25bps to 3.25% today on international developments and weaker growth outlook for 2013. Markets expected the central bank to stand pat....

GBP/JPY Daily OutlookDaily Pivots: (S1) 125.40; (P) 125.81; (R1) 126.18With 126.69 minor resistance intact, the pull back from 128.82 might extend lower. But still, downside is expected to be...

Major currencies weakened against dollar and yen in quiet holiday trading. Weak economic data from Japan and China were part of the factors that's driving risk aversion. Meanwhile, uncertainties in...

Markets were basically staying in consolidation mode last week. S&P 500 extended the pull back from 1474.51 high but received some support from 1430 level. CRB commodity index drew support above...

Markets responded positively to Spain's plan on budget and reforms as S&P 500 snapped a five-day losing streak. Risk appetite carries on in Asian session and sends most Asian indices higher....

GBP/JPY Daily OutlookDaily Pivots: (S1) 125.67; (P) 125.88; (R1) 126.19With 4 hours MACD crossed above signal line, intraday bias in GBP/JPY is turned neutral for the moment. As noted before, fall...

Markets continue to stay in consolidative price actions. While we're seeing downside bias in risk markets and upside bias in dollar and yen, there was no strong sustainable momentum so far. The...

GBP/JPY Daily OutlookDaily Pivots: (S1) 125.28; (P) 125.69; (R1) 126.03Intraday bias in GBP/JPY is mildly on the downside and pull back from 128.82 could extend lower. But still, such decline is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 125.60; (P) 126.14; (R1) 126.48;GBP/JPY's retreat from 128.82 short term top extends further to as low as 125.51 so far today and deeper decline might be seen....

U.S. equities staged a sharp fall toward the end of yesterday after Philly Fed President Plosser poured cold water on the impact of Fed's QE3. The Dow closed the day -101 pts. lower while S&P 500...

GBP/JPY Daily OutlookDaily Pivots: (S1) 125.79; (P) 126.41; (R1) 126.85;The consolidation from 128.82 short term top is still in progress and deeper fall might be seen. But downside is expected to be...

Financial markets are mostly staying in consolidation But Euro is notably weaker against other currencies on news that ECB and Bundesbank are both checking legality of the OMT bond buying program. A...