ActionForex

Risk appetite was given a lift overnight on solid US data but was capped in Asian session following China manufacturing data. The preliminary reading of HSBC manufacturing PMI stayed in contraction...

GBP/JPY Daily OutlookDaily Pivots: (S1) 119.85; (P) 120.94; (R1) 121.56;GBP/JPY drops sharply to as low as 120.05 so far. The break of 120.29 support indicate that consolidation pattern from 119.37 is...

Euro dived to decade low against yen and hover after yesterday's record low against aussie. The common currency remained broadly pressured in spite of solid bond auctions recently. Italy will sell as...

GBP/JPY Daily OutlookDaily Pivots: (S1) 121.65; (P) 121.98; (R1) 122.34; Intraday bias in GBP/JPY remains neutral for the moment. Consolidative rise from 119.37 might continue but in case of another...

Yen strengthens mildly today after US Treasury criticized Japan's intervention in a report to Congress. The US Treasury noted that it supported the G7 coordinated intervention to stabilize yen after...

GBP/JPY Daily OutlookDaily Pivots: (S1) 121.24; (P) 121.94; (R1) 122.29;GBP/JPY lost momentum after hitting 122.76 but subsequent brief pull back doesn't warrant a reversal yet. Consolidative rise...

Markets are staying in tight range in Asia today in holiday mood. Europe will remain the focus in otherwise quiet trading. Italy's 10 year bond yield breached 7% again last Friday, after Senate gave...

GBP/JPY Daily OutlookDaily Pivots: (S1) 122.23; (P) 122.50; (R1) 122.78;GBP/JPY's rebound form 119.37 is still in progress and intraday bias remains mildly on the upside for 100% projection of 119.37...

Markets are pretty steady in thin holiday trading today. Euro is holding on to 1.3 against dollar despite making new record low against Aussie. Meanwhile, commodity currencies are generally higher, as...

GBP/JPY Daily OutlookDaily Pivots: (S1) 121.93; (P) 122.26; (R1) 122.68;Intraday bias in GBP/JPY remains mildly on the upside for the moment and the corrective rise from 119.37 is still in progress...

Markets are generally steady in Asian session today. Risk appetite failed to sustain overnight as traders refused to commit to their positions ahead of thin holiday trading period. Weak home sales...

GBP/JPY Daily OutlookDaily Pivots: (S1) 121.17; (P) 121.67; (R1) 122.44;GBP/JPY's rebound from 120.29 extends further and with 121.78 minor resistance broken, choppy retreat from 122.56 should have...

Euro rise on broad based risk appetite and is trading back above 1.31 against dollar as markets are awaiting ECB's new 3-year LTRO operation today. Markets are expecting that banks would draw as much...

Daily Pivots: (S1) 120.59; (P) 120.84; (R1) 121.18;Intraday bias in GBP/JPY remains neutral for the moment and more sideway trading might be seen. But another fall remains mildly in favor with 121.78...

EU finance ministers agreed on boosting IMF resources by EUR 150b after a three-hour conference call yesterday. The joint statement said that the fund could be provided through "bilateral loans" to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 120.51; (P) 120.82; (R1) 121.23; MoreWith 121.78 minor resistance intact, further decline is still in favor for 119.37 support. Break will confirm resumption of...