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Without any surprise the ECB Governing Council decided today to keep its monetary policy stance unchanged...
EUR/USD Rejected at Stiff Resistance Zone After ECB ECB rate decision and Draghi’s press conference was a dud as expected. EUR/USD was on the rise ahead of the rate decision and extended gains to near 1.14 levels during Draghi’s presser...
Forget EUR/USD, Focus on EUR/CAD Not a lot was expected to come out of today’s ECB meeting and press conference, and so it proved...
USD/JPY: Flows Supporting Bearish Outlook - BTMU Market expectations for extra monetary easing by the BoJ have been growing in the past few days...
World Trade Up but Not Gaining Traction Yet - ING Raoul Leering, head of international trade research at ING Bank explained that after a contraction of world trade by 1.1% in January (initial figure: -0.4%), the volume of trade bounced back in February with a growth of 1.1% MoM...
USD/CHF Bounces Back Above 0.9700 USD/CHF dropped sharply during Draghi’s press conference but only to erase losses a few minutes after if finished. The pair dropped from 0.9710 bottomed at 0.9646. Then it jumped almost a hundred pips, reaching at 0.9746, the highest level since March 29...
US 2y yields are around their highest levels seen since Fed Chair Yellen’s dovish speech as continued gains in equity and crude prices raises concerns that the Fed could deliver a more hawkish message...
ECB: No Appetite for More Stimulus, but Forced to Leave Door Open - Rabobank According to analysts from Rabobank, the European Central Bank showed confidence in its policy measures and the Governing Council has no strong appetite to ramp up policy in the foreseeable future...
FxWirePro: Gold Rallies to 1-Month High, Scope for Further Upside Gold retreated towards 1249 levels in volatile session on Thursday as dollar firmed after ECB press conference...
EUR/USD Send Signals of Topping in the Near-Term - BTMU Analysts from The Bank of Tokyo-Mitsubishi UFJ, noted that the failure to break higher in the EUR/USD during recent trading sends a signal of a potential near-term top...
USD/JPY Drops Below 109.50 The yen gained momentum across the board during the American session and pushed USD/JPY back below 109.50. Earlier the pair climbed to 109.89 hitting a new 2-week high but then reversed. Recently it reached a fresh daily low at 109...
USDJPY should continue marching higher, supported by bullish risk appetite and yield differentials turning in favour of USD. A test of 112.50 seems likely with recent latest signs of Japan resuming buying in foreign debt markets...
EUR/USD Tumbles to Lows Near 1.1270 The selling pressure around the euro is not giving up, now relegating EUR/USD to trade in session lows near 1.1270. EUR/USD weaker after ECB Spot is now off more than a cent since earlier ECB-induced peaks near 1...
AUD/USD Reverses From 10-Month Highs A strong recovery of the US dollar across the board pushed AUD/USD sharply to the downside amid a decline in crude oil, gold, and equities. AUD/USD to 2-day low The pair climbed during Mario Draghi’s press conference to 0...
USD/CAD Keeps Highs Near 1.2700 The greenback remains on a firm footing vs. its Canadian counterpart on Thursday, now sending USD/CAD to the boundaries of 1.2700 the figure, session peaks...
EUR/USD Up & Down it Goes, Back Below 1.13 The dollar is alive! EUR/USD has fully reversed the initial bullish attempt to the 1.1400 handle and is now posting losses in the 1.1280 area. EUR/USD turns negative in sub-1...
GBP/USD Retreats from Highs, Back Below 1.4400 After advancing to fresh multi-week tops near 1.4440, GBP/USD lost impetus and is now retreating to the 1.43860 area...
FxWirePro: EUR/USD Runs Out of Steam But Maintains Bullish Outlook The EUR/USD rose towards 1.1400 levels on Thursday after European Central Bank held interest rate unchanged at record lows followed by ECB press conference...
WTI Drops to Lows Near $43.00 After posting fresh 2016 highs near $44.50 in early trade, prices for the barrel of West Texas Intermediate (WTI) have quickly fell back to test the $43.00 support...
