ActionForex

Financial markets opened the week mildly lower and helped dollar and yen recovered slightly. In the eurozone, some mixed reports came from Der Spiegel. On a positive note, the newspaper reported that...

Financial markets were basically engaged in consolidation last week as the boost from ECB's OMT and Fed's QE3 faded. Much volatility was seen in the Japanese yen though as BoJ followed and expanded...

GBP/JPY Daily OutlookDaily Pivots: (S1) 126.38; (P) 126.79; (R1) 127.20GBP/JPY's consolidation from 128.82 is still in progress and deeper decline might be seen. But downside should be contained by...

Markets continues to stay in consolidation mode in general. US equities pared initial loss and turned positive at closing and the recovery carried on in Asian markets. The euro is a bit weaker than...

GBP/JPY Daily OutlookDaily Pivots: (S1) 126.41; (P) 127.62; (R1) 128.30Despite jumping to 128.82, GBP/JPY faced some resistance from a near term channel and retreated sharply. A short-term top is...

The yen, and to a lesser extent, the dollar, rebounded strongly in the Asian session today on risk aversion as sentiments were somewhat weighed down by Chinese economic data. The HSBC manufacturing...

GBP/JPY Daily OutlookDaily Pivots: (S1) 127.07; (P) 127.65; (R1) 128.47;GBP/JPY's rally extends to as high as 128.81 so far today and intraday bias remains on the upside. Current rally should sign of...

Yen was steeply sold off in Asian session today as BoJ announced to double the size of its asset purchase program. USD/JPY took out an important near term resistance level at 79.03 which confirms...

GBP/JPY Daily OutlookDaily Pivots: (S1) 127.07; (P) 127.65; (R1) 128.47GBP/JPY rose to as high as 128.23 so far and met mentioned target of 100% projection of 118.82 to 125.82 from 120.82 at 127.82....

While European majors remain generally firm, commodity currencies are notably lower against since the week started. Asian equities are weighed down mildly by concern over the territorial dispute...

GBP/JPY Daily OutlookDaily Pivots: (S1) 125.72; (P) 126.48; (R1) 127.89Intraday bias in GBP/JPY remains on the upside for the moment and current rise from 120.82 is expected to continue to 100%...

Risk markets are generally firm in Asia today as supported by last week's QE3 boost. Some consolidations might be today but markets would likely stay in an overall risk-seeking mode. This week, nine...

After much anticipation, Fed finally announced a new quantitative easing program that's open-ended, and is focused on MBS last week. While ECB's announcement of Outright Monetary Transaction paved the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 124.56; (P) 124.99; (R1) 125.58;GBP/JPY rises to as high as 126.31 sop far today and break of 126.19 resistance indicate that rise from 120.82 has resumed. As...

Financial markets responded very positively to Fed's announcement overnight, sending the DJIA and the S&P 500 indices +1.55% and +1.63% higher to new 2012 high. Gold also enjoyed and impressive...

GBP/JPY Daily OutlookDaily Pivots: (S1) 124.95; (P) 125.28; (R1) 125.68Intraday bias in GBP/JPY remains neutral and some more consolidations could be seen. But downside should be contained above...