ActionForex

Euro continues to flip flop against dollar with a soft tone on news from Greece. On the one hand, it's reported that the EU group meeting will be replaced by a conference call as final details...

GBP/JPY Daily OutlookDaily Pivots: (S1) 121.99; (P) 122.46; (R1) 122.74; GBP/JPY's consolidation from 123.17 continues today and intraday bias remains neutral. With 121.40 minor support intact,...

The Japanese yen is sharply lower after BoJ unexpectedly expanded it's quantitative easing program today. BoJ left rates unchanged at 0-0.1% as widely expected. But, the bank unexpectedly expanded the...

AUD/USD Daily OutlookDaily Pivots: (S1) 1.0612; (P) 1.0700; (R1) 1.0762;AUD/USD is still staying inside near term rising channel (support at 1.0625) and thus, recent rise form 0.9860 is still in...

GBP/JPY Daily OutlookDaily Pivots: (S1) 121.86; (P) 122.51; (R1) 122.99;Intraday bias in GBP/JPY remains neutral for the moment and some more consolidations could be seen below 123.17 temporary top....

Asian markets are lifted mildly as Greek parliament approved the austerity package, clearing an important hurdle to secure the EUR 130b second bailout from EU/IMF. Out of 300 lawmakers, a total of 199...

EUR/JPY's rebound from 97.03 resumed last week and reached as high as 103.28 before losing momentum and forming a temporary top there. Initial bias is neutral this week for some consolidations. But...

GBP/JPY's rebound from 117.29 resumed last week and reached as high as 123.17 before making a temporary top there. Initial bias is neutral this week for some consolidations. Another rise will remain...

Risk markets sold off sharply Friday as investors lightened their positions ahead of the austerity package vote in Greece this weekend, probably on Sunday. The vote is crucial for Greece to secure the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 122.02; (P) 122.50; (R1) 123.29;GBP/JPY's rebound from 117.29 resumed after brief retreat and reaches as high as 122.97 so far. Intraday bias is back on the...

Market sentiments are a bit weighed down by news that even though the austerity plan was agreed among political leaders, Greece is still unable to secure the EUR 130b second bailout from EU/IMF....

EUR/JPY Daily OutlookDaily Pivots: (S1) 101.72; (P) 102.08; (R1) 102.51;EUR/JPY's rally resumed after brief consolidations and reaches as high as 102.77 so far today. Intraday bias remains on the...

Euro manages to extend recent rally against dollar and yen even though the Greek situation remains unresolved. Greek officials sounded optimistic as a statement from Prime Minister Papademos said that...

GBP/JPY Daily OutlookDaily Pivots: (S1) 120.65; (P) 120.95; (R1) 121.42;GBP/JPY's strong break of 122.04 resistance confirmed resumption of whole rebound from 117.29. Intraday bias is back on the...

European majors remain generally firm in Asia today after rallying broadly on Greek speculations. There were rumors that political leaders were set to agree on the austerity measures yesterday, but...

GBP/JPY Daily OutlookDaily Pivots: (S1) 120.65; (P) 120.95; (R1) 121.42;GBP/JPY's recovery from 119.58 is still in progress and intraday bias remains mildly on the upside for 122.04 resistance. Break...