Dovish Draghi Demolishes EURUSD

The ECB held rates steady and stuck with their ultra-easy monetary policy.  That wasn’t a surprise.  The surprise came during the press conference.  Mr...

Countdown to ECB meeting

The European Central Bank (ECB) policy meeting, statement and press conference is today.  FX traders may be reluctant to get very involved ahead of...

FX Markets Consolidate Recent Moves

Wednesday is shaping up to be a quiet trading session and may be even more subdued in Asia due to a lack of economic...

USDJPY Rally May Have More Upside

Bank of Japan Governor Haruhiko Kuroda gave USDJPY a lift.  In an interview with CNBC, he said "In order to reach 2 percent inflation...

Euro and Commodity Bloc Currencies near Support.

Welcome to the new week.  EURUSD will be centre stage for most of the sessions due to the upcoming European Central Bank (ECB) policy...

US Dollar Soars, Led by AUDUSD and GBPUSD Declines

The US dollar surged in overnight action, led by a “mini” collapse in GBPUSD.  Sterling dropped from 1.4219 to 1.4162 in London, after another...