ActionForex

Risk markets were hit hard by comments from former Greek prime minister Papademos that Greece exit risk is "real" and preparations are being considered. Asian equities are broadly in red with Japanese...

GBP/JPY Daily OutlookDaily Pivots: (S1) 125.02; (P) 125.42; (R1) 125.93Intra-day bias in GBP/JPY remains neutral and more consolidations could be seen above 124.64 temporary low. But recovery should...

Markets continue to consolidate as focus is gradually shifting to the informal EU summit on Wednesday. Two topics are expected to be discussed, growth and eurobonds. Anti-austerity voice gained much...

GBP/JPY Daily OutlookDaily Pivots: (S1) 124.50; (P) 125.07; (R1) 125.50;A temporary low is in place at 124.64 and intraday bias is turned neutral for consolidations. but recovery should be limited by...

EUR/JPY's fall from 111.43 accelerated to as low as 100.20 last week and there is no so sign of bottoming yet. Initial bias remains on the downside this week and current decline should extend to...

GBP/JPY dived to as low as 124.64 last week and there is no sign of bottoming yet. Initial bias remains on the downside this week and current fall from 133.48 should target 61.8% retracement of 116.83...

Markets are relatively steady as the week starts. G8's growth talk over the weekend triggered little reactions. As noted before, risk markets were oversold last week and some consolidative price...

Risk aversion dominated markets last week and wold stock markets turned negative for the year as MSCI world index erased all it's gains this year. We're talking about S&P 500 having the losing...

GBP/JPY Daily OutlookDaily Pivots: (S1) 124.26; (P) 126.12; (R1) 127.09;GBP/JPY's decline extends further to as low as 124.64 so far today and intraday bias remains on the downside for 61.8%...

Market sentiments were further hurt by worries on Spain, Greece and the European banking sector as a whole. Moody's downgrade of 16 Spanish banks and the surging yield in bond auctions sent Spanish...

GBP/JPY Daily OutlookDaily Pivots: (S1) 127.47; (P) 127.98; (R1) 128.31GBP/JPY dips to 127.62 today and deeper decline is still expected to 127.10 support. Break will confirm resumption of whole fall...

Euro stays in tight range in Asia today as markets continues to digest recent loss. But the recovery against dollar and yen is very weak and the corrective price actions suggests that the common...

GBP/JPY Daily OutlookDaily Pivots: (S1) 127.92; (P) 128.34; (R1) 128.64No change in GBP/JPY's outlook. Further decline is still expected with 129.57 resistance intact. Break of 127.10 will confirm...

Risk aversion dominates global markets today as worsening Greece situation weigh on sentiments. After failing to form a coalition government following nine days of negotiations, political leaders will...

GBP/JPY Daily OutlookDaily Pivots: (S1) 128.05; (P) 128.46; (R1) 128.88;No change in GBP/JPY's outlook. Further decline is still expected with 129.57 resistance intact. Break of 127.10 will confirm...

Euro recovers mildly against dollar and yen today as risk market recover from recent selloff. Some support is obtained by German GDP data which showed 0.5% qoq growth in Q1 against expectation of 0.1%...