Forex Analysis

FI Eye-Opener: ECB loading the guns

German bond yields ended the day higher yesterday in the aftermath of the ECB’s message

The pair spiked to $1.5714 Thursday on extended react to President Draghi’s press conference and

After having failed to retest the $0.8469 resistance level Thursday the AUD was looking a little heavy heading into the NY close.

The pair also witnessed some consolidation this morning in the Asia-Pacific session after

The JPY regained some lost ground today as the US dollar entered a period of profit-taking and

Traders should expect the ECB to continue to remain behind the curve with respect to stimulating their economy.

The Swiss remains pinned down near its recent lows and harsh rhetoric from Putin overnight,

While the Yen is taking a beating on the charts one should not view that action as a sign of

The Dollar generally retains a macro-economic and technical edge over its competition.

Upbeat Canadian economic views, moderating deflationary commodity price action and

The Pound should be able to withstand the ongoing Dollar onslaught but

After its overnight rally, the USD is marginally stronger against the major currencies in Asia.