ActionForex

We'd like to point out that despite the turmoil in Cyprus and weak economic data, the euro selloff was rather limited. There were some strength for recovery towards the end of the week as EUR/USD...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.19; (P) 144.20; (R1) 144.98;No change in GBP/JPY's outlook: intraday bias remains neutral with focus on 142.00 minor support. Breaking will indicate that...

Financial markets were weighed down by the escalating crisis in Cyprus. The DOW dropped -90 pts overnight, and was followed by broad based weakness in Asian equities. The euro is relatively steady...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.72; (P) 144.48; (R1) 145.75;Intraday bias in GBP/JPY remains neutral for the moment, with focus on 142.00 minor support. Breaking will indicate that rebound...

The dollar remains in range as the Fed repeated its messages after the overnight FOMC meeting. Stocks strengthened, with DOW hitting a historical intraday high of 14546 before closing firmly at 14511....

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.01; (P) 143.81; (R1) 144.48; More....Intraday bias in GBP/JPY remains neutral for the moment, with focus on 142.00 minor support. Break will indicate that...

The euro tumbled overnight after the Cyprus parliament rejected the bank levy plan tied to the countries' international bailout. The final version of the controversial plan intended to raise EUR 5.5b...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.61; (P) 143.48; (R1) 144.68; The GBP/JPY recovers strongly ahead of 142.00 minor support, and intraday bias remains neutral. A break of 142.00 will indicate...

The euro continued to consolidate above yesterday's low, as markets were calmed by the limited impact on peripheral yields by the news from Cyprus. Investors are so far relatively confident that the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.25; (P) 144.56; (R1) 145.31;The GBP/JPY pair dropped sharply today, focus is back to 142.00 minor support. A break will indicate that rebound from 137.87...

The euro gapped sharply lower as the week opens with the news that a deposit tax is part of Cyprus bailout deal. Over the weekend, eurozone leaders and Cyprus agreed that, eligibility for an...

The dollar index breached 83 level last week, reaching as high as 83.17, but failing to hold on to its gain. Instead, selloffs on Friday pushed the dollar to close the week lower against all other...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.62; (P) 144.31; (R1) 145.62;GBP/JPY's rebound from 137.87 extends higher today; intraday bias is on the upside for a test on 147.97 resistance. A sustained...

The Nikkei jumps sharply today, while the yen is mildly softer in crosses, as the Japanese parliament finally approved three policy doves to head BoJ. The upper house gave green lights to Kuroda as...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.76; (P) 143.28; (R1) 143.94;No change for the GBP/JPY's outlook. With 141.44 minor support intact, rebound from 137.87 is still in progress and could extend...

While the aussie is boosted by much stronger than expected employment data, the kiwi was weighed down by the RBNZ statement. The job market in Australia grew an impressive 71.5k in February versus...