We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bearish
GBP/USD
Bearish
USD/JPY
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
Oil - US Crude
Bearish
Bitcoin
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • RBNZ's Orr: We have very stimulatory monetary conditions at the moment, sees no urgency to act at this point -BBG $NZDUSD #RBNZ
  • RBNZ Governor Adrian Orr: Low currency has supported New Zealand's earnings, we will add further monetary stimulus if needed -BBG #NZDUSD #RBNZ
  • Missed my coverage of the #RBNZ rate decision where I covered the outlook for $NZDUSD $NZDJPY $AUDNZD and $NZDCAD ? Check out the recording here - https://t.co/Ma7IThm3KE
  • Hang Seng Index down almost five percent since November 8 https://t.co/UH5tZx7LSD
  • Heads Up:🇳🇿 NZD RBNZ Governor News Conference After OCR Decision due at 02:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2019-11-13
  • The $AUD appears to have resumed the dominant downtrend against its US counterpart after breaking support set from October lows. Get your $AUDUSD market update from @IlyaSpivak here:https://t.co/DW5oWIuMaX https://t.co/YEDXqYw6b6
  • AUD/JPY IG Client Sentiment: Our data shows traders are now net-short AUD/JPY for the first time since Apr 23, 2019 when AUD/JPY traded near 79.31. A contrarian view of crowd sentiment points to AUD/JPY strength. https://www.dailyfx.com/sentiment https://t.co/bZH4XB09tP
  • Snippets from the #RBNZ Monetary Policy Statement - https://t.co/xkV3R4zLii
  • RBNZ justified policy hold stating that economic developments since August do not warrant a change in policy. - BBG #NZDUSD #NZD
  • 🇳🇿 NZD RBNZ Official Cash Rate (NOV 13), Actual: 1.00% Expected: 0.75% Previous: 1.00% https://www.dailyfx.com/economic-calendar#2019-11-13
Strategy Video: EURUSD and EURJPY in Different Gears on ECB Stimulus Vow

Strategy Video: EURUSD and EURJPY in Different Gears on ECB Stimulus Vow

2014-05-09 00:47:00
John Kicklighter, Chief Currency Strategist
Share:

Talking Points:

• The ECB recognized the do-or-die situation with the EURUSD exchange rate given its policy meeting

• While the central bank didn't act with more stimulus now, it made clear change would come in June

• A view of additional stimulus will now determine whether EURUSD, EURJPY and EURAUD continue lower

Looking for setups in the Euro crosses based on your expectations for range, breakout and trend development? Watch the signals in DailyFX-Plus or apply automated versions in the Mirror Trader paltform.

The ECB fired a shot over the market's bow and sent the Euro tumbling. Is this another one-off volatility event or is there more trend in this event? A technical correction versus a true reversal rests in the changes that have occured and how traders will adjust moving forward. EURUSD's strong reversal below 1.4000 and EURJPY's wedge breakdown speak to the surprise of an explicit threat for stimulus from the central bank in June. We know the market adjusts to known policy changes, and this is no different. We look at Euro crosses - with specific focus on EURUSD, EURJPY and EURAUD - after the ECB's move in today's Strategy Video.

Sign up for John’s email distribution list, here.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.