ActionForex

EUR/JPY stayed in sideway consolidation below 111.43 last week and outlook remained unchanged. Initial bias is neutral this week. As consolidation extends, another fall cannot be ruled out. But...

GBP/JPY engaged in sideway consolidation last week and outlook remained unchanged. As consolidation extends, another fall cannot be ruled out. But downside downside is expected to be contained by...

The major theme last week was buy European majors, sell commodity currencies. The euro was firm on anticipation of the finance ministers meeting during the weekend and on expectation that there would...

Daily Pivots(S1) 130.52; (P) 131.18; (R1) 132.21GBP/JPYGBP/JPY's sideway consolidation from 133.48 is still in progress and intraday bias remains neutral for the moment. Deeper pull back cannot be...

Euro regained some ground against dollar as markets are awaiting Eurozone finance minister meeting in Copenhagen and markets are expecting there will be a final agreement on raising the fire power of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 130.89; (P) 131.81; (R1) 132.60GBP/JPY is still bounded in range below 133.48 short term top and intraday bias remains neutral for more consolidative trading....

Euro remains generally firm before EU finance ministers meet in Copenhagen tomorrow to decide on the way to combine the temporary EFSF and ESM during the one year period of parallel run. It's reported...

GBP/JPY Daily OutlookDaily Pivots: (S1) 131.97; (P) 132.67; (R1) 133.34GBP/JPY continues to stay in range below 133.48 short term top and intraday bias remains neutral. More consolidation would be...

Risk rally took a breathe as markets are reassessing Bernanke's comment and the chance of further stimulus from the Fed. S&P 500 pared gains and ended yesterday lower after reaching to highest...

GBP/JPY Daily OutlookDaily Pivots: (S1) 131.19; (P) 131.78; (R1) 132.82Intraday bias in GBP/JPY remains neutral for the moment as consolidation from 113.48 continues. Another fall could be seen but in...

The dollar index broke 79 handle overnight as sentiments were boosted by Fed Bernanke's comment on policy stimulus and German Merkel's comment on euro zone bailout funds. Asian equities are broadly...

GBP/JPY Daily OutlookDaily Pivots: (S1) 129.94; (P) 130.74; (R1) 131.50;GBP/JPY formed a temporary low at 130.00 and intraday bias is turned neutral first. Pull back from 133.48 short term top could...

Markets are pretty steady in range today so far. Dollar index recovered mildly from last week's low but there is no clear strong for further rebound yet.EUR/USD struggled to take out 1.33 handle for...

EUR/JPY rose further to as high as 111.43 last week but failed strong resistance ahead of 111.57 and formed a short term top there. Initial bias is mildly on the downside this week for extending the...

GBP/JPY jumped to as high as 133.48 last week for lost momentum and formed a short term top there. Initial bias is mildly on the downside this week for deeper pull back. But downside is expected to be...

Dollar attempted a rebound last week on selloff in risk markets on global slowdown worry but failed towards the end of the week. Even though S&P 500 suffered the largest weekly decline since last...