Forex Analysis

US: Fed to stick to mid-2015 hike scenario – FOMC preview

Will the Fed turn more dovish next week?

EUR and GBP were both stable during the Asian morning at 1.1365 and

After yesterday’s bold move by the ECB in which Draghi announced

Euro-area bonds and equities rallied and the euro tumbled, as the ECB announced a big easing package.

The euro wallowed at 11-year lows early on Friday after suffering a massive decline

The ECB has again surprised the markets by announcing an open-ended QE programme of monthly purchases of EUR60bn.

The pair closed in NY Thursday at $1.5007 after rate had been pressed to

The pair traded a low of $0.7995 in late dealings overnight but regained some poise

Last night’s announcement that the ECB QE would total E60bn a month until end

The pair opened at Y118.49 this morning and early dealings saw broad-based USD

Our central expectation going in to the ECB meeting was that President Draghi

Today QE came. The size and pace of the program is a positive surprise to us.