ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 122.69; (P) 123.09; (R1) 123.68; more...Intraday bias in GBP/JPY remains neutral with focus on 124.04 minor resistance. Break there will argue that rebound from...

Risk appetite in Asia was lifted by news that China is going to double its railway infrastructure investment in the second of of 2012, bringing the full year spending to nearly CNY 450b, comparing to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 122.51; (P) 123.01; (R1) 123.85Intraday bias in GBP/JPY remains neutral for the moment. At this point, we're still mildly favoring the case that corrective...

Markets are relatively steady in Asia today. Initial risk rally sent aussie and sterling higher but both settled back into tight range without follow through buying. Chinese Premier Wen Jiabao warned...

Just as risk aversion seemed to be back as the main driving force in the markets, US equities staged a strong rebound on Friday on JPMorgan Chase's earning report. The tide was suddenly turned as...

China's GDP slowed more than expected to 7.6% yoy in Q2. That's the worst number in three years and below Q1's 8.1% yoy. Nonetheless, it's somewhat a relief to markets as the figure was just a touch...

GBP/JPY Daily OutlookDaily Pivots: (S1) 121.56; (P) 122.80; (R1) 123.57;Intraday bias in GBP/JPY remains on the downside for the moment. As noted before, rebound from 118.81 should have completed at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 123.05; (P) 123.52; (R1) 124.08Intraday bias in GBP/JPY remains neutral for the moment, with focus on 122.86 minor support. Sustained there will indicate...

Much volatility was seen in the Japanese yen in Asia today on BoJ's announcement. The central bank unexpectedly increased the size of the asset purchase program by JPY 5T to JPY 45T. However, the size...

GBP/JPY Daily OutlookDaily Pivots: (S1) 122.80; (P) 123.20; (R1) 123.62Intraday bias in GBP/JPY remains neutral for the moment, with focus on 122.86 minor support. Sustained there will indicate...

Euro dipped to another two year low against dollar after Germany's Constitutional Court delayed its decision on Eurozone's permanent bailout fund ESM. While the German's parliament ratified...

GBP/JPY Daily OutlookDaily Pivots: (S1) 123.11; (P) 123.39; (R1) 123.81Intraday bias in GBP/JPY remains neutral for the moment, with focus on 122.86 minor support. Break there will indicate completion...

Euro remains broadly soft even though EU finance ministers agreed to speed up the bailout for Spanish banks with EUR 30b to be ready for the end of this month. The agreement will be finalized on July...

GBP/JPY Daily OutlookDaily Pivots: (S1) 122.83; (P) 123.55; (R1) 124.04Intraday bias in GBP/JPY remains neutral for the moment, with focus on 122.86 minor support. Break there will indicate completion...

Risk sentiments remained generally weak in Asia, following the disappointing employment from US on Friday. Asian equities are broadly lower with Nikkei down -127 pts while Hong Kong HSI is down over...

The optimism from EU Summit faded quickly and sentiments had a 180 degrees turned last week. Spanish yield jumped back above 7%, indicating that markets were still in deep worry about the eurozone's...