ActionForex

Dollar maintains post FOMC gains and remains firm in Asian session today. Asian equities are broadly higher after DOW broke 13000 level to close at 13177, up 1.68%. Strong risk appetite sent Japanese...

GBP/JPY Daily OutlookDaily Pivots: (S1) 128.07; (P) 128.70; (R1) 129.22;Intraday bias in GBP/JPY remains neutral and more consolidation could be seen below 130.13. But downside is expected to be...

After Eurozone finance ministers meeting, Luxembourg prime minister Juncker said the Greek programs has now been "politically adopted" by the eurogroup. The second bailout of EUR 130b to Greece was...

GBP/JPY Daily OutlookDaily Pivots: (S1) 128.63; (P) 129.19; (R1) 129.74;GBP/JPY lost some momentum as recovery faced resistance ahead of 130.13 and intraday is turned neutral for the moment. Some more...

Sentiments in Asian markets was weighed down by the trade data from China released over the weekend, which some analysts described as poor. China reported a trade deficit of $31.5b in February, much...

Despite dripping to 105.64, EUR/JPY drew strong support from mentioned 38.2% retracement of 99.24 to 109.83 at 105.78 as expected. Pull back from 109.83 might have finished and initial bias is mildly...

Despite dripping to 126.54 last week, GBP/JPY quickly rebounded and the development suggest that pull back from 130.13 is finished already. Initial bias is mildly on the upside this week for 130.13....

European majors weakened sharply last week despite interim rebound. The near term picture is cleared as Greece completed the PSI debt swap deal and is set for getting approval from EU and IMF for...

GBP/JPY Daily OutlookDaily Pivots: (S1) 128.04; (P) 128.64; (R1) 129.71As noted before, GBP/JPY's pull back could be finished at 126.54 already and intraday bias is cautiously on the upside for 130.13...

Sentiments are further lifted today as Greece has successfully completed the PSI bond swap deal. The Ministry of Finance just confirmed that participation rate reached as 85.8%. And Greek government...

GBP/JPY Daily OutlookDaily Pivots: (S1) 126.89; (P) 127.36; (R1) 128.10;GBP/JPY drew some support from 126.68 and recovered strongly. Intraday bias is back on the upside for 130.13. Break there will...

Dollar and yen are lower as risk aversion recedes mildly in Asia today as more investors agreed to join the Greek debt swap program ahead of tonight's deadline. It's reported that around 60% of the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 125.94; (P) 127.71; (R1) 128.89;GBP/JPY is pressing mentioned 126.68 for the moment. Break there will confirm short term topping and deeper pull back could be...

Risk aversion continues to dominate as Asian equities are broadly in red following the over 200 pts fall in DOW overnight, which was the worst day in three months. Major currencies are mildly off lows...

GBP/JPY Daily OutlookDaily Pivots: (S1) 128.49; (P) 129.07; (R1) 129.93;No change in GBP/JPY's outlook. As the cross has been clearly losing upside momentum with bearish divergence condition in 4...

Aussie tumbles sharply in Asian session today on risk aversion as Asian equities extend this week's slide on China growth concern. Meanwhile, the aussie is also additionally pressured as RBA left...