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USDCHF - Risk of Further Declines Likely, Set To Target The 0.9067 Level

With the pair failing to follow through higher on the back of its previous week gains to close lower on Friday, the risk of further declines is likely in the new week.

Mohammed Isah | Quick Read

The Week Ahead

Highlights: Down to the wire on Greece - Signs of a potential risk reversal

Brian Dolan | Quick Read

USD/CAD in a Bullish Breakout From Declining Channel

The USD/CAD is in a sharp breakout to the upside. A bottom was building while it consolidated between 0.9927 and 0.9992. Finally in the 2/10 European session, the market pushed above 0.

Fan Yang | Quick Read

EUR/USD Tops Off in the Short-term; A Look at Reversal Targets

The EUR/USD failed to maintain the bullish bias reported in the last update. Instead, after cracking the 1.

Fan Yang | Quick Read

FX Market Commentary – 10th February 2012

The overnight session was highlighted by the Bank of England as expected added a further 50 billion pounds to the asset repurchase scheme.

Quick Read

Preview: China’s Trade Balance A Gauge for Global Demand

As we head towards the end of the week we continue to see general risk sentiment positive as our most basic measure of sentiment - the S&P 500 futures - continues to push towards fresh highs multi-month highs.

Nick Nasad | Quick Read

AUD/USD – A Counter-trend Trade Plan As Bull Market Stalls

The AUD/USD started the week giving back last Friday's gains. However, after the RBA meeting revealed that it left rates unchanged at 4.25% instead of the expected cut to 4.

Fan Yang | Quick Read

ECB Further Loosens Collateral Criteria

The ECB president stuck to a mainly "wait and see" mode in his press conference reiterating the position that economic conditions have stabilized at low levels but showed concern about downside risks ahead.

Nick Nasad | Quick Read

Mario Draghi Provided no Spark at the ECB Press Conference; EUR/USD Keeps Bullish Bias

I did not get much of anything new or surprising from Mario Draghi's statement, and the market looks like it didn't neither, at least in the EUR/USD reaction, which failed to define direction.

Fan Yang | Quick Read

BoE Expands QE by 50Bn Pounds Instead of 75Bn; GBP Rallies

The Bank of England was expected to expand its Bond purchasing program, aka Quantitative Easing from £275bn to £325bn. Economists had forecast a larger expansion of £75bn to £350bn.

Fan Yang | Quick Read

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