ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 119.68; (P) 121.08; (R1) 122.03Intra-day bias in GBP/JPY remains on the downside and current fall from 133.48 should extend to retest 116.83/117.29 support zone...

Risk sentiment remains generally weak in Asia after China released disappointing manufacturing data. The official manufacturing PMI dropped sharply from 53.3 to 50.4 in May while the HSBC...

GBP/JPY Daily OutlookDaily Pivots: (S1) 121.67; (P) 123.04; (R1) 123.74GBP/JPY drops further to as low as 121.77 so far today. Intra-day bias remains on the downside and current fall from 133.48...

Worries on Spain continue to weigh down on market sentiments. Asian equities are broadly lower today following the -160 pts fall in DOW overnight. Markets are all seeking safe haven and funds flew to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 123.84; (P) 124.40; (R1) 124.91GBP/JPY's decline resumed by dipping through 124.17 temporary low to 123.94 so far. Intra-day bias is back on the downside and...

Euro broke below 1.25 against dollar after ECB rejected Spain's plan to recapitalize Bankia. The idea was for Spain's government to inject government bonds into Bankia, which then be used as...

GBP/JPY Daily OutlookDaily Pivots: (S1) 124.31; (P) 124.69; (R1) 124.99GBP/JPY continues to stay in tight range above 124.17 temporary low for the moment and intraday bias remains neutral for some...

Risk appetite was lifted mildly in Asian session on talk that China is going to unveil a stimulus program that's over USD 300b, nearly half of the 2008 stimulus package. In addition, markets are...

Euro opened the week mildly higher as opinion polls in Greece over the weekend showed that New Democracy was placed first leading a margin of as much as 5.7% over Syriza. That's the first in all six...

EUR/JPY dropped to as low as 99.38 last week and the break of 100.20 confirmed resumption of whole fall from 111.43. While some more consolidation would be seen initially this week, upside of any...

GBP/JPY dipped to 124.17 last week and the break of 124.64 confirmed resumption of whole fall from 133.48. While some consolidations could be seen initially this week, upside is expected to be limited...

While the global equity markets stabilized last week, the currency markets didn't. Dollar, and to a slightly lesser extent the Japanese yen, continued to strengthen against other major currencies....

GBP/JPY Daily OutlookDaily Pivots: (S1) 124.24; (P) 124.60; (R1) 125.06GBP/JPY stabilized a bit after dipping to 124.17 but recovery is weak so far. Also, with 126.45 resistance intact, near term...

The Euro remains soft against the dollar and yen in the Asian session today, despite some extraordinary volatility against the Swiss Franc overnight. Italian prime minister Monti said he expects...

GBP/JPY Daily OutlookDaily Pivots: (S1) 123.93; (P) 125.05; (R1) 125.79Intra-day bias in GBP/JPY remains on the downside and current fall is expected to target 61.8% retracement of 116.83 to 133.48 at...

Euro remains broadly soft as the informal EU summit yielded nothing to restore investor confidence. Leaders reiterated their stance that they want Greece to stay in euro but insisted on its commitment...