Today is the day for the Euro. Mario Draghi’s monetary announcement is highly anticipated with most market participants expecting a 550 billion Euro bond buying program to be announced. Although, today there has been some speculation for an up to 1 trillion Euros QE program establishment...
For Mario Draghi, Thursday is the day the talking stops. It is two and a half years since the president of the European Central Bank said he would do “whatever it takes” to safeguard the future of the euro. Financial markets now want him to deliver on his pledge...
EUR/USD may face fresh monthly lows over the next 24-hours of trade as the European Central Bank (ECB) is widely expected to announce more non-standard measures to further mitigate the risk for deflation...
2015-01-21 09:30 GMT (or 11:30 MQ MT5 time) | [GBP - Unemployment Rate] past data is 6.0% forecast data is 5.9% actual data is 5.8% according to the latest press release if actual < forecast (or actual data) = good for currency (for GBP in our case...
Technical Analysis from A to Z by Steven Achelis Millions of traders participating in today’s financial markets have shot interest and involvement in technical analysis to an all-time high...
It was a sedated affair in Asia FX, with weakness in both Yen and the antipodean complex (AUD, NZD) the most notable events, despite moves were relatively small ahead of the ECB meeting later today. AUD/USD, which was hammered over 1...
NZD/CAD: Long The pull back this week in the pair offered a good opportunity to step in. For that reason positions have been opened for this pair based on the analysis described in my article Weekly Review Strategy Wk03...
2015-01-21 15:00 GMT (or 17:00 MQ MT5 time) | [CAD - Overnight Rate] past data is 1.00% forecast data is 1.00% actual data is 0.75% according to the latest press release if actual > forecast (or actual data) = good for currency (for CAD in our case...
The surprises coming out of the Swiss National Bank, the European Central Bank, the Bank of England and the Bank of Canada spell tectonic shifts occurring in the global economy that inevitably will hit these shores...
Analysts at TD Securities explained that volatile price action in USD/CAD this week has added nearly four big figures to the price in the space of two days. Key Quotes: "The strong, underlying bull trend in place in the past few months remains intact and may be accelerating...
The EUR/USD saw a sudden decline now on reports that the European Central Bank would propose EUR 50 billion QE per month tomorrow. The pair fell to 1.1580 from 1.1640 levels after rumors did rounds regarding EUR 50 billion per month QE. However, the pair jumped back to 1...
The Australian dollar is falling hard versus its American counterpart following the ECB rumors that the bank is considering €50bn in QE per month through to the end of 2016 according to Bloomberg. In addition, the BoC cut its interest rate to 0.75% and the gold is falling back to the 1,284...
USD/CAD soared to fresh 6-year highs after the Bank of Canada decided to cut the main rate by 25 bps to 0.75%, the first reduction since April 2009, in a move that caught markets off guard. USD/CAD rallied more than 200 pips and reached its highest level since April 2009 at 1...
Recent forecasts from BNP Paribas for the major currencies (end of period) BNP Paribas - a financial conglomerate, the European leader in global banking and financial services and one of the six strongest banks in the world according to the agency Standard & Poor's...
EUR/USD "Can Mario Draghi QE push Euro to 1.10, What if he disappoints where are we heading ? " If Draghi disappoints the financial markets tomorrow in ECB Press Conference by going on a lower base than where EURO would be heading is a question to be discussed...
After Switzerland shocked markets by scrapping its currency cap, investors are beginning to ask whether the dollar should expect a policy surprise as well...
After the initial massive gap in CHF pairs, the CHF is now trading well off of its strongest levels of the day...
The sterling is now quickly losing ground vs. the greenback, dragging GBP/USD to the 1.5080 area post-BoE, UK data. GBP/USD hurt by BoE vote, data Spot saw its recent gains eroded after the BoE showed an unanimous vote favoring the current status quo – rates at 0...
Quantitative Easing is bad for currencies, right? By definition, QE is a policy that seeks to stimulate the economy by increasing the monetary base, or supply of money, in an economy, and as we all know from Economics 101, a greater supply of a currency lowers it value...
EURUSD The indicator of OsMA,marking the tendencies of decline of activity of bovine side, gives founding to the preference of planning of positions oflateral correction for trade operations to date...
