ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 117.30; (P) 118.21; (R1) 118.70;GBP/JPY's break of 118.25 indicates that recent decline has resumed and the cross reached as low as 117.66 so far, meeting...

European majors are generally weak as markets await ECB meeting as the main event of the week, as well as Spain's bond auction. There are intense worry that the peripheral debt crisis is finally...

GBP/JPY Daily OutlookDaily Pivots: (S1) 118.73; (P) 118.89; (R1) 119.12;Intraday bias in GBP/JPY is neutral for the moment and some more consolidations could be seen above 118.25 temporary low. But...

Dollar is mildly firmer in mixed Asian markets today. DOW breached 12500 psychological level briefly overnight but failed to sustain gain above there. Asian equities are generally firmer but without...

GBP/JPY Daily OutlookDaily Pivots: (S1) 118.40; (P) 118.63; (R1) 119.02;Near term outlook in GBP/JPY remains bearish with 120.19 minor resistance intact. Current decline is expected to continue to...

Aussie rebounds strongly in Asia today following rebound in risk markets as well as positive housing data. Asian stocks are somewhat lifted by earnings report of Aloca. The company's outlook is seen...

GBP/JPY Daily OutlookDaily Pivots: (S1) 118.27; (P) 119.00; (R1) 119.46;GBP/JPY drops further to as low as 118.25 as the week starts and intraday bias remains on the downside. Current decline is...

Dollar opened the week higher as markets are back in a risk off mode. A couple of news are weighing on market sentiments in Asia. IMF's chief economist Olivier Blanchard said that the fund will make a...

GBP/JPY Daily OutlookDaily Pivots: (S1) 119.10; (P) 119.52; (R1) 119.88;Intraday bias in GBP/JPY remains neutral for the moment and some more consolidations could be seen above 118.98 temporary low....

The record ADP number from US yesterday was overshadowed by intensifying worry on the never-ending European debt crisis. The anticipated risk rally didn't happen even though DOW, FTSE and DAX managed...

GBP/JPY Daily OutlookDaily Pivots: (S1) 119.53; (P) 119.87; (R1) 120.13;GBP/JPY is still bounded in tight range above 118.98 and intraday bias remains neutral. More consolidative trading could be...

Euro remains soft after overnight's selloff, with EUR/USD pressing 1.29, EUR/JPY below 100 while EUR/AUD is hovering around record low. Focus will first turn to France's bond auction today. France...

GBP/JPY Daily OutlookDaily Pivots: (S1) 119.43; (P) 119.80; (R1) 120.43; MoreIntraday bias in GBP/JPY remains neutral for the moment and more consolidations could be seen above 118.98 temporary low....

Dollar recovers mildly today as risk rally takes a breath in Asia. Overall sentiment continues to favor more upside in stocks, commodities and commodity currencies. European majors will ride on risk...

GBP/JPY Daily OutlookDaily Pivots: (S1) 118.94; (P) 119.29; (R1) 119.62;With 4 hours MACD crossed above signal line, a temporary low is in place at 118.98 and intraday bias is turned neutral. Some...

Solid manufacturing data from China and Australia gives risk appetite a boost as the year 2012 starts. New Zealand dollar and Australian dollar gain most broadly while Aussie makes another record high...