ActionForex

After much anticipation, Fed Chairman Bernanke finally delivered his speech in the Jackson Hole Symposium. Did he disappoint? Judging from the reactions in the markets, he didn't. The biggest...

GBP/JPY Daily OutlookDaily Pivots: (S1) 123.75; (P) 124.27; (R1) 124.64Despite breaching 124.63 minor resistance, GBP/JPY quickly lost steam and retreated. The development suggest that consolidation...

The dollar and yen were both lifted mildly by risk aversion as investors lightened up their position on risk markets ahead of Bernanke's speech. S&P 500 has indeed pulled back to close below 1400...

GBP/JPY Daily OutlookDaily Pivots: (S1) 124.17; (P) 124.47; (R1) 124.87The break of 124.63 minor resistance argues that retreat from 125.51 might be over at 123.69. Intraday bias is back on the upside...

European majors were generally steady against dollar and yen in Asia today but commodity currencies are dragged down by broad based weakness in stocks. Weak economic data reminded investors of the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 123.79; (P) 124.09; (R1) 124.49GBP/JPY's pull back from 125.51 could still extend lower. But note again that as long as 123.26 minor support holds, further...

Markets are generally steady in Asia today. Euro got a lift yesterday against dollar but failed to break through 1.2589 resistance yet. EU president Van Rompuy said after meeting with Spanish prime...

GBP/JPY Daily OutlookDaily Pivots: (S1) 124.16; (P) 124.40; (R1) 124.58GBP/JPY's pull back from 125.51 extends lower today and deeper fall could be seen. But after all, as long as 123.26 minor support...

The Japanese yen surges sharply in Asian session today after the government downgraded the economic outlook for the first time and ten months. In the cabinet office's monthly report, the government...

GBP/JPY Daily OutlookDaily Pivots: (S1) 124.18; (P) 124.59; (R1) 124.86Intraday bias in GBP/JPY remains neutral for the moment. Another rise is in favor as long as 123.26 minor support holds. Break of...

Overall markets were quite mixed. Equities weakened broadly as S&P 500 continued it's pull back from the new 2012 made earlier this week and Asian stocks followed. Some additional pressure was...

Daily Pivots: (S1) 124.06; (P) 124.78; (R1) 125.50;The break of 124.58 minor support indicates that a temporary top is in place at 125.51. While the fall to 124.16 was steep, GBP/JPY quickly drew...

The dollar was sold off sharply overnight as FOMC minutes revived speculation of QE3 and remained weak in Asia today. The Fed released another round of dovish minutes for the FOMC meeting in August....

GBP/JPY Daily OutlookDaily Pivots: (S1) 124.67; (P) 125.09; (R1) 125.55Intraday bias in GBP/JPY remains on the upside for 125.82 resistance. Break will confirm resumption of whole rebound from 118.82...

Euro maintains yesterday's gain against the dollar and yen as markets are awaiting Greek prime minister Samaras' meeting with Luxembourg prime minister Juncker. Samaras, who's expected to propose a...

GBP/JPY Daily OutlookDaily Pivots: (S1) 124.54; (P) 124.78; (R1) 124.97With 4 hours MACD crossed below signal line, intraday bias in GBP/JPY is turned neutral for some consolidations first. Though,...