ActionForex

Euro remains broadly soft as continued to be weighed down by negative news flow from eurozone. Spain formally requested for bailout for its banks yesterday and is expecting to finish the MOU before...

GBP/JPY Daily OutlookDaily Pivots: (S1) 124.84; (P) 125.30; (R1) 125.83With 4 hours MACD staying below signal line, intra-day bias in GBP/JPY is neutral for the moment. Rebound from 118.82 could still...

Markets are generally calm in Asia as the week starts with equities quickly recovered from early losses. Meanwhile, the dollar is steadily in range against other major currencies. A major focus of the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 122.65; (P) 123.20; (R1) 124.27GBP/JPY jumps sharply higher today and the break of 124.34 suggests that rebound form 118.82 has resumed. Intra-day bias is back...

Risk markets opened the week higher on news that Greece would temporarily avoid a euro exit as the pro-bailout parties won enough seats to secure a majority in the parliament after Sunday's elections....

Despite edging higher to 100.90 initially, EUR/JPY quickly lost momentum and turned sideways. Initial bias remains neutral this week with focus on 98.53 minor support. Break there will indicate that...

GBP/JPY stayed in tight range below 124.34 last week. Initial bias remains neutral and consolidative trading could be seen. On the downside, below 121.90 will indicate that rebound from 118.82 is...

The situation got a bit complicated just ahead of the crucial Greek elections. On the one hand, news flow from Europe were generally negative, with soaring peripheral yields and downgrades. On the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 122.76; (P) 123.51; (R1) 123.96GBP/JPY is staying in tight range below 124.34 and intraday bias remains neutral. Focus is on 121.90 minor support. Break there...

A couple of developments lifted market sentiments overnight, which carried on in Asia today. But investors remained generally cautious ahead of Greece elections this Sunday. The eurozone debt crisis...

GBP/JPY Daily OutlookDaily Pivots: (S1) 122.76; (P) 123.51; (R1) 123.96GBP/JPY is staying in tight range below 124.34 and intraday bias remains neutral. Focus is on 121.90 minor support. Break there...

Financial markets continue to stuck in tight range, gaining for a day and losing the other. Any rebound attempt was limited by the worry on Greece election on Sunday. Further than that, sentiments...

GBP/JPY Daily OutlookDaily Pivots: (S1) 122.88; (P) 123.42; (R1) 124.30Intra-day bias in GBP/JPY remains neutral for the moment. Rebound from 118.82 is viewed as a correction only. Below 121.33 minor...

Sentiments was lifted by revived QE3 hope on Chicago Fed Evans' comments yesterday, as well as ECB's support on European Commission's banking union proposal. The Dow rose 162 pts overnight and was...

GBP/JPY Daily OutlookDaily Pivots: (S1) 122.60; (P) 123.33; (R1) 123.72Intra-day bias in GBP/JPY remains neutral for the moment. Rebound from 118.82 is viewed as a correction only. Below 121.33 minor...

Markets are back in risk averse mode as Spain's banking bailout was reassessed by investors after risk rally. Fitch also downgraded two of Spain's biggest banks as the economic outlook worsened....