ActionForex

Markets are rather unconvinced by the triple central bank actions yesterday. Even though ECB and PBoC cut rates and BoE expanded the asset purchase program, European equities ended flat only while the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 124.08; (P) 124.68; (R1) 125.12Intraday bias in GBP/JPY remains neutral for the moment and some consolidations could be seen. But corrective rise from 118.82 is...

Dollar and yen continue to recover as markets are awaiting a jam-packed calendar with heavy weight events. ECB and BoE will announce rate decisions today and both are expected to provide additional...

GBP/JPY Daily OutlookDaily Pivots: (S1) 124.70; (P) 125.07; (R1) 125.55Intraday bias in GBP/JPY remains neutral for the moment and some consolidations could be seen. But corrective rise from 118.82 is...

Markets are generally steady in tight range on thin trading as US markets will be on July 4 holiday today. Euro stayed in tight range against most major currencies as markets are awaiting tomorrow's...

GBP/JPY Daily OutlookDaily Pivots: (S1) 123.61; (P) 124.55; (R1) 126.23Intraday bias in GBP/JPY remains on the upside for 125.82 resistance. Break will confirm resumption of whole rebound from 118.82...

Aussie remains firm after RBA left rates unchanged at 3.50% as widely expected. Governor Stevens noted that after "material easing in monetary policy" over the past six months, the monetary stance...

GBP/JPY Daily OutlookDaily Pivots: (S1) 123.61; (P) 124.55; (R1) 126.23;Intraday bias in GBP/JPY remains on the upside for 125.82 resistance. Break will confirm resumption of whole rebound from 118.82...

Expectations on last week's EU summit was pretty low but the responses were overwhelmingly positive. Risk markets were given a strong boost where DOW jumped from an intraweek low of 12450 to close at...

Dollar and yen recover mildly as the week starts but strength is very weak. Markets are calming down from the boost from EU summit. But sentiments are still positive, in particular with expectation of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 122.75; (P) 123.45; (R1) 123.98;GBP/JPY rebounded strongly and the development suggests that corrective rise from 118.82 is still in progress. Intraday bias is...

Expectations on the EU summit was so low that when something concrete was agreed, Euro and risks markets were given a strong boost. After a brief dip to 1.2406 against dollar and 98.32 against yen,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 123.78; (P) 124.17; (R1) 124.47No change in GBP/JPY's outlook. with 122.12 minor support intact, rebound from 118.81 could extend higher to above 125.82. But...

Markets continue to stay in tight range, awaiting a fresh round of inspiration from the EU summit even though the hope for something concrete is dim. There was talk that China is going to introduce...

GBP/JPY Daily OutlookDaily Pivots: (S1) 123.22; (P) 124.43; (R1) 125.28Intraday bias in GBP/JPY remains neutral for the moment. Rebound from 118.82 could still extend higher as long as 122.12 minor...

The forex markets remained generally steady in Asian session today. The euro received some support ahead of near-term support levels against dollar and yen and attempted to recover. But strength has...