ActionForex

The biggest development last week was the broad based selloff in the Japanese yen, which followed rally in US Treasury yield on receding expectation on additional easing from Fed. Another development...

GBP/JPY Daily OutlookDaily Pivots: (S1) 124.07; (P) 124.50; (R1) 125.27;Intraday bias in GBP/JPY remains on the upside for the moment and current rise should target 125.82 next. Break will confirm...

European majors staged a strong rebound overnight, together with rally in equities, after German Chancellor Merkel voiced her support to ECB's effort on fighting the debt crisis. Merkel stated that...

GBP/JPY Daily OutlookDaily Pivots: (S1) 123.40; (P) 123.71; (R1) 124.14GBP/JPY rises further to 124.34 so far and intraday bias remains on the upside. As noted before, the choppy correction from...

USD/JPY's rally accelerates further today as more investors are scaling back expectations for Fed to announce additional easing in the near future. That's be very well reflected in this week's sharp...

GBP/JPY Daily OutlookDaily Pivots: (S1) 122.81; (P) 123.36; (R1) 123.96;Intraday bias in GBP/JPY remains on the upside for the moment. As noted before, prior break of 123.77 suggests that the choppy...

The Japanese yen remains broadly soft as weighed down by expectation of further easing from BoJ, as indicated by yesterday's BoJ minutes. However, lost is so far very limited with USD/JPY capped well...

GBP/JPY Daily OutlookDaily Pivots: (S1) 122.44; (P) 122.76; (R1) 123.13GBP/JPY recovers further today but is still limited below 123.77/79 resistance and intraday bias remains neutral. On the upside,...

Euro is lifted mildly by better than expected GDP data from France and Germany today. French GDP was flat qoq in Q2, comparing to expectation of -0.1% qoq contraction. Meanwhile, German GDP grew 0.3%...

GBP/JPY Daily OutlookDaily Pivots: (S1) 122.03; (P) 122.49; (R1) 123.18GBP/JPY is still bounded in range of 120.82/123.77 and intraday bias remains neutral. On the upside, break of 123.77/79...

Markets are rather quiet as the week starts. Japan's GDP grew only 0.3% qoq in 2Q12, well below expectations of 0.6% qoq and 1.2% qoq in the first quarter. The major disappointment came from weak...

Despite intra-week setbacks, risk markets managed to close the week on a strong note, with S&P 500 closed above 1400 psychological level. Most major currencies strengthened against dollar but euro...

GBP/JPY Daily OutlookDaily Pivots: (S1) 122.44; (P) 122.81; (R1) 123.24Intraday bias in GBP/JPY remains neutral at this point. On the upside, break of 123.77/79 resistance will confirm completion of...

European majors were generally soft against dollar and yen today as consolidations continued. But it was Aussie's weakness that caught most attention. Data from China saw exports rose a mere 1%yoy in...

GBP/JPY Daily OutlookDaily Pivots: (S1) 122.15; (P) 122.56; (R1) 123.22Intraday bias in GBP/JPY remains neutral at this point. On the upside, break of 123.77/79 resistance will confirm completion of...

It's a rather busy Asian session today with a long list of economic data released from China, Japan, Australia and New Zealand. Aussie and Canadian strengthened broadly on overall risk appetite while...