Forex Opinion & Analysis

Daily FX wrap: Surprise ECB rate cuts/APP increase send EUR lower, but press conference revelations cause sharp turnaround. Mayhem all round!Today’s major FX action was all prompted by one...

A sense of unease scatters across the financial markets ahead of the heavily anticipated European Central Bank (ECB) press conference on Thursday in which the ECB is broadly expected to unleash...

The Australian dollar has posted gains on Thursday, continuing the upward movement in the Wednesday session. AUD/USD is trading at the 0.75 line early in the North American session. On the release...

The European Central Bank cut all three of its interest rates and expanded its asset-buying program on Thursday, delivering a bigger-than-expected cocktail of actions to boost the economy and stop...

CAD/JPYCurrently we are 85.98 near the top. We are looking to continue to the Range top @ 87.00 and maybe to the Day chart resistance @ 87.63. Look for the reversal at one of these areas. The average...

EUR/JPY: Having the cross turned higher on recovery on Wednesday, further upside momentum is likely in the days ahead. Support comes in at the 124.00 level where a break will aim at the 123.50 level....

USD/JPY has posted slight gains on Thursday, as the pair trades at 113.60 in the European session. Japanese numbers disappointed, as Preliminary Machine Tool Orders posted a sharp decline of 22.6%....

The Australian dollar brief rise above the US75c mark was stopped in it’s tracks after a fall in the iron ore price yesterday erased almost half of this week’s stellar gains.After jumping...

EUR/USD has posted slight losses on Thursday, as the pair trades just below the 1.10 line in the European session. On the release front, the ECB is widely expected to announce new stimulus measures at...

Market Drivers March 10, 2016 Chinese inflation data bit hotter EUR - GE Trade Balance worse, Draghi on Deck Nikkei 1.26% Dax -0.07% Oil $38/bbl Gold $1250/oz Europe and AsiaCNY: CPI 2.3% vs. 1.8%CNY:...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.62% against the USD to close at 0.7476. LME Copper prices declined 0.90% or $45.0/MT to $4935.5/MT. Aluminium prices declined...

For the 24 hours to 23:00 GMT, the USD declined 1.33% against the CAD to close at 1.3246. The Canadian dollar gained ground, after the Bank of Canada (BoC) kept benchmark interest rate steady at...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.16% against the CHF and closed at 0.9976. In the Asian session, at GMT0400, the pair is trading at 0.9975, with the USD trading flat from...

London Forex Report: Today we await the ECB Monetary Policy decision which will be followed by ECB Chief Mario Draghi’s Press Conference. The consensus seems to be looking for another 10bps cut...