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ECB Preview – What to Look For
While no change is expected on policy, the European Central Bank decision won’t go by without a good deal of volatility. Tensions have been running high in Europe and there have been a lot of tough questions for the ECB, given what might appear to be an ineffective strategy of policy accommodation. Audio update Tags […]
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Daily FX Market Commentary
Good morning, LMAX Close USDJPY 109.845 | EURUSD 1.1297 | AUDUSD 0.77949 | NZDUSD 0.69783 | USDCAD 1.26551 | USDCHF 0.97234 | GBPUSD 1.4331 | LMAX Highs and Lows 5am GMT Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â High | Low EURUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 1.13066 | 1.12911 USDJPYÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 109.899 | 109.573 GBPUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 1.43467 | 1.43208 AUDUSDÂ Â Â Â Â Â Â Â Â Â Â Â Â 0.78172 | 0.77862 USDCHFÂ Â Â Â Â Â Â Â Â Â Â Â Â Â 0.97227 […]
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Too Many Holes in this Rally
We enter Thursday trade with the US Dollar still struggling to reassert and risk assets well supported. Though there has been very little in the way of any fundamental catalysts supporting this latest price action, the market has been comfortably driving higher on what can only be described as blind momentum. ECB decision ahead. Wake-Up […]