Andrius Kulvinskas / Profil

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...

Jane Foley, Senior Currency Strategist at Rabobank, comments that markets await some cues regarding the negative impact of oil from today's BoC's policy report, and further anticipates that the oil price impact might lead the USD/CAD pair towards 1.22 levels in the next 3 months...

Market movers today We expect US building permits and housing starts to surprise on the upside. The MBA purchase mortgage application index has increased substantially in the past two weeks and employment in the construction sector in December was a significant positive surprise...

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...

If anyone had any doubt how severely the global economy has been distorted by the actions of central bankers, the "surprise" announcement last week by the Swiss National Bank (SNB) to no longer peg the Swiss franc to the euro should provide a moment of crystal clarity...

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...

China's statistics agency said Tuesday that the International Monetary Fund is wrong in saying China has topped the U.S. as the largest economy in the world. According to the latest IMF figures based on purchasing power parity, China produced $17...

For today R4 - 1.1728 / R3 - 1.1669 / R2 - 1.1649 / R1 - 1.1615 SPOT 1.1571 S1 - 1.1530 / S2 - 1.1460 / S3 - 1.1445 / S4 - 1.1376 SHORT AT 1.1570 FOR 1.1376, REVISED STOP AT 1.1669...

Comac Capital, the $1.2 billion hedge fund firm run by Colm O’Shea, is returning money to clients after losses incurred last week when the Swiss National Bank abandoned the franc’s cap against the euro, according to a person with knowledge of the situation...

After three days off, the S&P 500 opened up 11 points this morning and promptly went...straight down. I mean straight down, down 18 points in less than 20 minutes. That's a lot for 20 minutes; the S&P will normally swing in a 12 to 15 point range over the course of a whole trading session...

Another day, another decade high in the dollar. It's business as usual for the world's reserve currency today, led by dollar strength against the Japanese yen and commodity dollars...

Over the last week or so the Australian dollar made numerous attempts at the resistance level at 0.82 only to be sent back often before finally finishing last week moving through this key level. In doing so it was able to reach a one month high near 0...

THE EURO closed lower on Tuesday. Today's midrange close sets the stage for a steady to steady opening when Wednesday's night session begins trading. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible nearterm...