ActionForex

Risk markets were sold off deeply overnight as investors were prepared for the failure of the US debt reduction super committee. And that was realized after formal announcement after US market closed....

Daily Pivots: (S1) 103.61; (P) 103.95; (R1) 104.38;EUR/JPY is staying in tight range above 103.40 temporary low and intraday bias remains neutral . As noted before, whole rebound fro 100.74 should be...

Daily Pivots: (S1) 121.14; (P) 121.45; (R1) 121.86;The break of 120.88 temporary low suggests that GBP/JPY's fall from 127.30 is resuming. Intraday bias is mildly on the downside for 119.98 support...

Sentiments were a bit weak as the week started on news that the US Super committee co-chairs are set to announce the panel's failure today, barring highly unexpected last minute development. The...

Daily Pivots: (S1) 103.27; (P) 103.72; (R1) 104.03;Intraday bias in EUR/JPY remains neutral for the moment and more consolidations could be seen above 103.40 temporary low. But note that another fall...

Daily Pivots: (S1) 120.87; (P) 121.28; (R1) 121.69;Intraday bias in GBP/JPY is neutral for the moment and some consolidations could be seen above 120.88 temporary low. But another decline is still...

While Euro remains steady against dollar and yen, commodity currencies are broadly lower as market sentiments are weighed down by continuous concern on European debt crisis. AUD/USD stayed below...

Daily Pivots: (S1) 103.30; (P) 103.84; (R1) 104.28;EUR/JPY lost some downside momentum after hitting 103.40. But still, with 106.45 resistance intact, current fall from 111.57 is still expected to...

Daily Pivots: (S1) 120.90; (P) 121.44; (R1) 121.75;GBP/JPY's fall from 127.30 extends further to as low as 120.88 so far today and is still in progress for 119.98 support. As noted before, break there...

Dollar pared some gains and lost momentum after Fitch Ratings warned that US banks are facing serious contagion risks from further deterioration of European debt crisis. But the greenback remains...

Daily Pivots: (S1) 103.63; (P) 104.60; (R1) 105.22;EUR/JPY drops further to as low as 130.40 so far today and at this point, intraday bias remains on the downside for a test on 100.74 support first....

Daily Pivots: (S1) 121.30; (P) 122.22; (R1) 122.79;GBP/JPY drops further to as low as 121.25 so far today and at this point, intraday bias remains on the downside for 119.98 support. Break there will...

Dollar extends this week's strong rally as markets' focus is back on contagion risks of European debt crisis. Italian Prime Minister designate Monti, will unveil his cabinet today but markets seem to...

Daily Pivots: (S1) 104.32; (P) 105.49; (R1)106.24;EUR/JPY's break of 104.72 minor suggests that fall from 111.57 has resumed and confirms that case that rebound from 100.74 has completed at 111.57...

Dollar strengthens mildly today as risk appetite recedes with broad based weakness in Asian equities. Comments from Dallas Fed Fisher cooled speculation of further easing from Fed. Fisher is...

Daily Pivots: (S1) 105.46; (P) 105.91; (R1) 106.47;Intraday bias in EUR/JPY remains neutral for the moment and some more consolidations could be seen above 104.72 temporary low. But after all, we'll...