ECB Masters Verbal Intervention So far, the ECB has had great success with intervening verbally. It is watching developments and signalling a willingness to act if necessary to keep the accommodation it wants to achieve. Today, this was enough to ...

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U.S. Initial Claims Slipped in the Week Ending February 2 US initial claims slipped by 5,000 to 366,000 in the bank week ending February 2, 2013 from an upwardly revised 371,000 (was 368,000) level the previous bank week. The level of claims in the ...

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Can Draghi Bust The EUR Out Of Its Range? The single currency starts the day with a bounce in its stride, trading higher against the mighty dollar. More importantly, Euro bonds yields are somewhat steady ahead of the European Bank's rate decision ...

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More of the Same from Carney at the BOE The Governor-elect of the Bank of England Mark Carney has been testifying to the UK Treasury Select Committee this morning and so far his testimony suggests he will be a pragmatic Governor, who won't adopt ...

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Can Monetary Policy Deliver? The overnight trading session showed a limited enthusiasm as the attention shifts to ECB and BOE rate announcements today. In fact, the comments of Carney and Draghi are more in focus, rather than the policy rates widely ...

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GBP Surge As Carney Signals BoE Shouldn't Add Stimulus Sterling surged to a fresh intraday high after incoming Bank of England Governor Mark Carney hinted in his testimony to parliament that the BoE should refrain from more stimuli. The impact of ...

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Forex Signal Wrap-up: USD/CHF – Buy at 0.9140 USD/CHF - 0.9179 Most recent candlesticks pattern : N/A Trend : Near term down Tenkan-Sen level :0.9123 Kijun-Sen level :0.9123 Ichimoku cloud top :0.9110 Ichimoku cloud bottom :0.9104 Original strategy ...

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Forex Signal Wrap-up: EUR/USD – Sell at 1.3495 EUR/USD – 1.3410 Most recent candlesticks pattern : N/A Trend : Near term down Tenkan-Sen level :1.3487 Kijun-Sen level :1.3487 Ichimoku cloud top :1.3542 Ichimoku cloud bottom :1.3528 Original strategy ...

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Forex Signal Update: USD/CHF – Buy at 0.9105 Despite intra-day retreat to 0.9065-66, as the greenback has recoiled after holding above indicated support at 0.9059, suggesting further consolidation would be seen and test of yesterday’s high of 0.9150 ...

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Forex Signal Update: EUR/USD – Sell at 1.3515 Despite intra-day recoil to 1.3578, current sharp fall suggest the decline from 1.3711 has resumed and bearishness remains for retracement of recent upmove to 1.3439 (38.2% Fibonacci retracement of ...

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Elliott Wave Forecast: EUR/GBP – Target met and stand aside EUR/GBP – 0.8555 Recent wave: v of wave 3 has possibly ended at 0.8067 but wave 4 should hold below 0.9050 Trend: Up Original strategy : Sold at 0.8675, met target: at 0.8565 Short at ...

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ECB Left Policy Rate Unchanged, Pledged to Monitor Euro's Strength As widely anticipated, the ECB left the main refinancing rate unchanged and announced no new stimulus program. The overall tone of the statement, similar to the previous month, ...

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Intraday Statement: Sterling Rebounds as Carney Talked Down Radical Changes to BoE Policies, ECB & BoE on Hold Sterling recoils strongly against dollar and jumps against yen today after incoming BoE Governor Carney talked down chance of radical ...

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U.K's Data Sparks Optimism Ahead Of BOE's Meeting With focus mainly on the ECB and the BoE's rate decision due to be released later today, meanwhile latest fundamentals released by U.K was able to offer a brighter view for the economy. Figures from ...

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The Market Doesn't Expect Any Change On Thursday 7th February, the ECB is scheduled to announce its latest interest rate decision. The decision will be released at 1245 GMT/ 0745 ET. No change in interest rates or additional policy measures is ...

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European Shares Mixed Ahead Of BoE, ECB Monetary Decision European stocks were off to a mixed start on Thursday as investors cautiously stayed on the sidelines ahead of ECB and BOE’s key rate decisions, while modest gains among corporate earnings ...

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Markets Eager For Draghi's Statement The euro (EUR), is moving above 1.3535 versus the US dollar (USD) and it is shyly gaining some ground ahead of the European Central Bank’s (ECB) press conference later today. The consensus is that the rate should ...

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Will Draghi Address The Strong Euro? On Wednesday, most markets were in consolidation mode and this was also the case for EUR/USD and EUR/GBP. However, for both cross rates there are important events on the calendar today. In the UK, the next BOE ...

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Forex Signal Update: GBP/USD – Sell at 1.5785 GBP/USD - 1.5673 Original strategy : Sell at 1.5740, Target: 1.5640, Stop: 1.5775 Target: - New strategy : ... Are you interested? READ MORE

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Focus On ECB And BOE Rates Announcements The Asian trading showed limited enthusiasm overnight. The Japanese machine orders declined to 2.8% m/m (vs. previous 3.9%), and -3.4% y/y (vs. previous 0.3%) in December. The Nikkei 225 retreated 0.9%, Hang ...

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