ActionForex

Risk appetite is losing some steam in Asia today even though S&P 500 managed to close above 1400 level for the first time since May overnight. Euro is struggling to find sustainable buying to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 121.47; (P) 122.32; (R1) 122.91Near-term outlook remains neutral for the moment. On the upside, break of 123.77/79 resistance will confirm completion of the...

Markets turned into consolidative mode after initial jump yesterday. S&P 500 attempted 1400 psychological level overnight but retreated to close at 1394 after hitting as high as 1399.63. Asian...

GBP/JPY Daily OutlookDaily Pivots: (S1) 121.47; (P) 122.26; (R1) 123.43;Near term outlook remains neutral for the moment. On the upside, break of 123.77/79 resistance will confirm completion of the...

While risk markets extended Friday's rally in Asia today, euro also appreciated broadly. In EUR/USD's break of 1.24 level is confirming near term momentum and strength in the common currency is also...

It was a rather strange but revealing week. Markets suffered much volatility on central bank disappointments, in particular ECB's lack of concrete actions. Economic data were also mixed. But the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 120.78; (P) 121.69; (R1) 122.25;Near term outlook in GBP/JPY remains rather mixed for the moment. On the upside, break of 123.77/79 resistance will affirm the...

Euro was sold off sharply as markets showed their dissatisfaction in ECB's lack of concrete announcement. EUR/AUD and EUR/CAD dived to new record low while EUR/USD and EUR/JPY were stuck in middle of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 121.53; (P) 122.11; (R1) 122.43;Near term outlook in GBP/JPY remains rather mixed for the moment. On the upside, break of 123.77/79 resistance will affirm the...

Dollar was given a mild boost after the rather non-evental FOMC statement overnight and is holding on to its gain so far. Retreat of risk appetite ahead of the highly anticipated ECB press conference...

GBP/JPY Daily OutlookDaily Pivots: (S1) 122.09; (P) 122.57; (R1) 122.91;Despite breaking 122.45 minor support, there is no follow through selling in GBP/JPY. Nonetheless, near term outlook is turned a...

High-beta currencies pared back some of recent gains as investors are taking profits on risk markets ahead of FOMC rate decision today and, more importantly, ECB meeting tomorrow. Weak China...

GBP/JPY Daily OutlookDaily Pivots: (S1) 122.32; (P) 122.97; (R1) 123.44;With 4 hours MACD crossed below signal line, intraday bias in GBP/JPY is turned neutral for the moment. At this point, we're...

High beta currencies continue to ride on risk appetite and strengthen broadly today while European majors are lagging behind and stuck in range against dollar and yen. US Treasury Secretary Geithner...

GBP/JPY Daily OutlookDaily Pivots: (S1) 121.32; (P) 122.16; (R1) 123.49Intraday bias in GBP/JPY remains on the upside with 122.45 minor support intact. Break of 123.79 resistance will confirm that...

The dollar is mildly high today as markets are digesting last week's risk appetite moves. Asian equities are broadly higher, following the rally in US stocks on Friday, with the Nikkei up 60 pts at...