ActionForex

Daily Pivots: (S1) 103.74; (P) 104.04; (R1) 104.44; EUR/JPY recovers mildly ahead of 103.33 minor resistance and intraday bias remains neutral for the moment. Another rise cannot be ruled out with...

Daily Pivots: (S1) 120.86; (P) 121.33; (R1) 121.69;With 120.75 minor support intact, another rise cannot be ruled yet. But after all, the choppy structure and weak momentum of rise from 119.37...

Sentiments are mildly firmer in Asia today on talk that EU is going to double the size of the bailout fund. The current EUR 440b EFSF fund would be allowed to continue funning while a new EUR 500b...

Daily Pivots: (S1) 121.37; (P) 121.83; (R1) 122.22; GBP/JPY continues to stay in tight range below 122.56 and intraday bias remains neutral. Another rise cannot be ruled out yet with 120.75 minor...

Market sentiments in Asian are weighed by S&P put 15 Europeans countries on review for possible downgrade. This time, even Germany and France may lose their AAA ratings subject to the result of...

Daily Pivots: (S1) 103.84; (P) 104.76; (R1) 105.42;Intraday bias in EUR/JPY remains neutral for the moment. Another rise cannot be ruled out with 103.33 minor support intact. But the choppy structure...

Daily Pivots: (S1) 121.05; (P) 121.85; (R1) 122.42;Intraday bias in GBP/JPY remains neutral for the moment. As noted before, another rise cannot be ruled out yet with 120.75 minor support intact....

Italian Prime Minister and Finance Minister Monti unveiled an ambitious EUR 30b austerity package over the weekend to eliminate the budget deficit by 2013. The package includes measures to cut cost of...

Daily Pivots: (S1) 104.17; (P) 104.61; (R1) 105.03;Intraday bias in EUR/JPY remains on the upside for the moment. Rise from 102.48 short term bottom is still in progress and should target 55 days EMA...

Daily Pivots: (S1) 121.11; (P) 121.81; (R1) 122.59;Intraday bias in GBP/JPY remains neutral for the moment. As noted before, above 122.51 will further affirm the bullish case and sustained trading...

Markets are as usual steady in Non-farm payroll day ahead of the release. Economists expect 116k expansion in the US job markets in November, a mild improvement from October's 80k. Unemployment rate...

Daily Pivots: (S1) 103.55; (P) 104.14; (R1) 104.95; EUR/JPY's recovery from 102.48 short term bottom resumed after brief consolidation is edges higher to 104.72 so far. Intraday bias is back on the...

Daily Pivots: (S1) 121.11; (P) 121.81; (R1) 122.59;GBP/JPY edges higher to 122.54 so far and the development continues to affirm the case of short term bottoming at 119.37. Nonetheless, momentum...

Weak economic data out of China and Australia triggered mild retreat in risk markets in Asia today, but they're, after all, overshadowed by the stronger rally triggered by joint central bank actions,...

Daily Pivots: (S1) 103.33; (P) 103.86; (R1) 104.30;Intraday bias in EUR/JPY is neutral for the moment as consolidation from 102.48 continues. As noted before, a short term bottom is in place with...

Daily Pivots: (S1) 120.89; (P) 121.36; (R1) 121.98;The break of 121.75 minor resistance argues that a short term bottom is formed at 119.37 with bullish convergence condition in 4 hours MACD. But...