ActionForex

Euro remains steady after Italy Prime Minister Berlusconi finally resigned over the weekend following parliamentary approval of the austerity package demanded by EU partners. Former European Union...

Markets are generally steady today as Italian Senate's vote on austerity measures is awaited today while the approval by lower house is expected on Saturday. Current prime minister Silvio Berlusconi...

EUR: The single currency plunged yesterday on renewed concerns over eurozone debt crisis and rising bond yields (Italian, French and Belgium), despite recovering in New York morning, the pair fell...

Daily Pivots: (S1) 107.20; (P) 107.42; (R1) 107.73;EUR/JPY falls sharply to as low as 105.52 so far today and the break of 106.49 support indicates that decline from 111.57 has resumed. Intraday bias...

Daily Pivots: (S1) 107.20; (P) 107.42; (R1) 107.73;EUR/JPY weakens mildly today but is still kept above 106.49 minor support so far and intraday bias remains neutral. On the downside, below 106.49...

Daily Pivots: (S1) 124.80; (P) 125.20; (R1) 125.44;No change in GBP/JPY's outlook as consolidation from 127.30 continues. Deeper fall could be seen but 122.63 support intact, rebound from 116.83 is...

Daily Pivots: (S1) 124.80; (P) 125.20; (R1) 125.44;GBP/JPY drips further to as low as 123.61 so far in early US session as fall from 127.30 resumes. Focus remains on 122.63 resistance turned support....

EUR/USD: Despite rising briefly to 1.3859 earlier in Asia, the single currency ran into heavy offers there and tumbled throughout the European session as Italian 10 year bond yields surged to fresh...

Daily Pivots: (S1) 106.89; (P) 107.48; (R1) 108.13;EUR/JPY is still staying in tight range above 106.49 temporary low and intraday bias remains neutral. On the downside, below 106.49 will extend the...

Daily Pivots: (S1) 124.89; (P) 125.24; (R1) 125.67;GBP/JPY's consolidation from 127.30 is still in progress and intraday bias remains neutral for the moment. With 122.63 support intact, rebound from...

Markets are pretty steady this week so far except with notably weakness in Swiss Franc. EFSF head Regling outlined the plan to bolster the EFSF fund yesterday. There are two options under discussion....

EUR/JPY rebounded strongly to as high as 111.57 last week but lost momentum ahead of 111.93 cluster resistance (50% retracement of 123.31 to 100.74 at 112.02). Near term outlook is mixed and we'll...

GBP/JPY jumped to as high as 127.30 last week before making a temporary top there and turned sideway. Initial bias is neutral this week and we'd see some more consolidation first. Above 127.30 will...

Swiss Franc weakens broadly as the week starts on fresh speculation that SNB would raise the floor on EUR/CHF again. SNB President Hildebrand was quoted over the weekend that the franc is "still...

Daily Pivots: (S1) 106.95; (P) 107.50; (R1) 108.44;With 4 hours MACD crossed above signal line, intraday bias in EUR/JPY is turned neural and some sideway trading would be seen above 106.49 temporary...

Daily Pivots: (S1) 124.33; (P) 124.81; (R1) 125.72;Intraday bias remains neutral as more consolidations could be seen below 127.30 temporary top. But downside of retreat should be contained by 122.63...