Research Team at BBH, suggests that the comments by the ECB's Draghi and Praet may have encouraged consolidation in the euro ahead of the weekend. “While acknowledging limits to what monetary policy can achieve, the idea is that the ECB is prepared to do more if necessary...

Piotr Matys, FX Strategist at Rabobank, suggests that while EUR/USD maintained upside momentum and appreciated beyond the 1.13 level, the potential increased monetary policy divergence between the ECB and the Feb is still a valid argument in favour of a weaker EUR/USD...

Derek Halpenny, European Head of GMR at MUFG, suggests that the dramatic jump in the ‘Philly Fed’ manufacturing index was certainly eye-opening and the scale of rebound in the main index (from -2.8 to 12...

The research team at UOB Group argued that USD/JPYfaces further pullbacks towards the 110.00 area. “While the month neutral consolidation is likely over, the decline in USD has been more rapid and aggressive than expected which mean we may have missed a bulk of the move”...

Research Team at Deutsche Bank, suggests that as expected we saw no change in BoE policy after a unanimous confirmation vote of 9-0...

The Bank of England's March decision has proved to be a positive for pound sterling which has advanced against the euro and US Dollar and keeping alive the prospects of better rates ahead. GBP/USD intra-day pullbacks should be limited to the 1.44/1...

Derek Halpenny, European Head of GMR at MUFG, notes that the minutes from the BOJ monetary policy meeting on 29th January were released in Tokyo today and the details reveal that the BOJ staff had presented two options on policy easing – 1) an expansion of QQE and 2) a cut in the interest rate on...

Research Team at Deutsche Bank, suggests that doing little to hurt matters was further evidence of an improving US manufacturing sector yesterday...

Derek Halpenny, European Head of GMR at MUFG, suggests that from the low on Wednesday to yesterday’s high, the pound advanced by 3.2% versus the US dollar as broader risk sentiment improved and the dollar weakened on the back of the FOMC announcements on Wednesday evening...

Research Team at Investec, notes that the Pound hit one month highs against the US Dollar yesterday trading back up to 1.4500 after the pair's recent foray under 1.4000...

Bert Colijn, Research Analyst at ING, notes that the growth in labour costs in the Eurozone increased modestly to 1.3% y-o-y in the fourth quarter of 2015. “Even though this is a 0.2 percentage point improvement from Q3, it still leaves growth well below the 1...

Calculated level for today: Support (S1 / S2 / S3 = 41,12 / 40,84 / 30,39), resistance (R1 / R2 / R3 = 42,01 / 42,29 / 42,73). Key support levels (1st from 39.84 to 40.33 at the end of the day, the 2nd of 39.70 to 40.13...

The pound to euro exchange rate (GBP/EUR) has bounced off recent lows thanks to a positive view on the outlook contained in the Bank of England’s March policy meeting minutes...

Societe Generale downgraded Banco Santander to Sell saying decreasing profitability in key markets puts the company's fully-loaded Core Tier 1 ratio target at risk. The firm cut its price target for the shares to EUR 4.0 from EUR 4.2. *Société Générale S.A...

In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the Aussie dollar could slip towards the 0.7520/0.7415 area. “AUD/USD’s move higher has reached the 61.8% retracement at 0.7650/52 and we notice the 13 count on the daily chart and some caution is necessary...

In view of the research team at UOB Group, the upside momentum in GBP/USD could extend towards 1.4570. “As mentioned in the 24-hour view, we clearly did not anticipate GBP to stage such a remarkable rally in such a short period of time (swinging from a low of 1.4053 on Wednesday to a high of 1...

More short-term USD weakness. "The dovish Fed – discouraging USD bulls – has led to a de-positioning move supporting the once shunned currencies. GBP, AUD and many emerging market currencies fall into this category...

Changing the Market Thinking We’ve seen a change in the tone to FX markets this week, with the dollar index moving to new lows for the year, and is now down a cumulative 5% since the start (calculation helped by close at 100.0...

The USD index is creeping higher, and although we sense some small correction is in the making, it is unlikely to develop into a significant move higher, though in the case of USD/JPY, yesterday’s ‘presence’ of the BoJ gave the lows a bid, so some consolidation above 111...

Dirk Schumacher, Research Analyst at Goldman Sachs, notes that the SNB, as widely expected, left policy rates unchanged at its March policy meeting...