http://www.fxstreet.com/technical/market-view/daily-forex-news/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/24/Forex News and Events: Liquidation of risky asset became a complete purge by yesterday mid European session with no stock markets unscathed. If there was any doubt that the downside would be limited to Asia, -2.93% fall in the SMI eased those thoughts. The culprit was the Fed minutes which were slightly more optimistic than anticipated and combined with the revised payroll data suggested that potential “tapering “ was closer than had been anticipated. In fact the Fed could decide to cut itsFri, 24 May 2013 09:57:16 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/24/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/23/Forex News and Events: Sorry to say this but the Fed President Bernanke hinted little on when the most expected tapering of bond purchases might begin. The markets were reminded that the gradual decrease in QE will begin when the labor market will show “substantial” improvement, while the FOMC minutes showed that the majority of participants already “felt” the positive signs on US jobs market. All in all, Bernanke’s testimony and FOMC minutes triggered high volatility. The big winner on FXThu, 23 May 2013 09:47:09 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/23/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/22/Forex News and Events: The markets mostly remain on wait-and-see mood to hear what the Fed President Bernanke will say to end the suspense on “to taper or not to taper” specs. The USD is broadly sold ahead of Bernanke’s testimony while the British pound registered a heavy unwind amid the retail sales missed the market expectations in UK. Elsewhere, the Swiss franc losses ground on the IMF annual report advising negative interest rates to halt the franc appreciation. The franc is trading atWed, 22 May 2013 09:40:09 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/22/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/21/Forex News and Events: The FX markets remain on hold ahead of FOMC Chair Bernanke’s testimony due tomorrow. Over the past two weeks, the speculations on Fed’s tapering of bond purchases have been the key topic across all major currencies. Today, the USD weakness is in game due to position adjustments before hearing what Bernanke has to say. Released this morning, the UK inflation in April greatly surprised to the downside. Cable registered a decent sell-off on the speculation for more QE toTue, 21 May 2013 10:27:51 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/21/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/20/Forex News and Events: While North Korea fired a short range missile into the sea off the eastern coast of the Korean peninsula which followed three similar launches on Saturday demand for risk-on traders were high. Global stock markets continued to rally to new highs as Asia regional indices start the week off on the solid footing boosted by signs of an improving global growth outlook. For this week markets will be watching events in the US, Japan and China for hints on the direction ofMon, 20 May 2013 09:38:58 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/20/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/17/Forex News and Events: The risk sentiment deteriorated after the disappointing US data released across the week. The US dollar remains bid, yet the fading speculations on the hawkish Fed moderated the recent USD-bull. Euro and Sterling retraced gains, while the selling pressure on Aussie gathered curiosity. Released this morning, Euro gave little reaction to 7% drop in construction output over the last year, while the Turkey’s upgrade to investment grade by Moody’s triggered an impressive TRYFri, 17 May 2013 11:09:56 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/17/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/16/Forex News and Events: The FX markets remain dominated by the USD influence as the expectations/speculations on Fed tapering the monthly USD 85bn worth asset purchases successfully keeps the attention tight on the US data. The trader will focus on the April CPI figures and the US jobless claims scheduled in the afternoon. This morning, it was Norway’s turn to announce negative growth in the first quarter. USDNOK spiked at 5.8789 - its highest since April 25th, while EUR remained muted to theThu, 16 May 2013 10:26:02 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/16/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/15/Forex News and Events: The European markets kick-started the day, but to the downside on the unsatisfactory growth figures printed this morning. The single currency registered a heavy unwind and the bearish momentum hardened. In UK, the markets showed limited enthusiasm to better-than-expected labor data, while the negative pressure on Swiss franc increased. Globally, the recent USD strength gains further momentum on the hawkish Fed expectations. The producer price data is due in theWed, 15 May 2013 10:03:45 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/15/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/14/Forex News and Events: The currency markets are still dominated by the US dollar strength, as the hawkish Fed expectations remain the key topic on the financial markets. Despite the broad USD weakness overnight, the USD strength is likely to weigh further on the FX trading. Released this morning, the better-than-expected industrial production data gathered limited enthusiasm in Europe. The sentiment on Euro is skeptical ahead of the growth and the inflation data due later this week. In UK, theTue, 14 May 2013 11:25:31 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/14/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/13/Forex News and Events: The week started with further weakness in Yen as G7 meeting showed tolerance for the BoJ’s aggressive easing policy over the week-end. JPY extended losses against all of its major peers, while the beta currencies registered decent unwind on the broad based USD demand. Now that the tapering of asset purchases is back in discussions, the US data will be key this week to adjust the probabilities regarding the US policy for the months ahead. In Australia, the impressiveMon, 13 May 2013 09:49:02 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/13/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/09/Forex News and Events: The FX markets remain highly dominated by antipodeans this week. After the RBA rate cut and the RBNZ currency intervention, the labor data triggered a fresh move on Aussie and Kiwi this Thursday. As the busy week should result in some consolidation on AUD and NZD, the focus will shift to the BoE policy verdict at 11:00 GMT. Released this morning, the UK industrial and manufacturing data beat the market expectations. Cable spiked to 1.5587 before the policy decision. TheThu, 09 May 2013 09:37:06 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/09/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/08/Forex News and Events: Good news improved the risk sentiment on the global markets. The Dow Jones, S&P500 and DAX indexes rallied to historical highs, while the Chinese trade data surprised to the upside in April. The currency markets registered decent volatility before consolidating overnight. Euro opened the day to the upside despite weak data out of Netherlands, Cable stabilized in a tight range ahead of BoE policy verdict due tomorrow. In New Zealand, the RBNZ Governor Wheeler’s wordsWed, 08 May 2013 10:14:48 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/08/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/07/Forex News and Events: The currency markets were driven by CHF weakness and SEK strength on data released this morning. In Australia, the RBA cut the official cash rate to record low pulling the AUD-complex a leg down overnight. While Euro gives signs of weakness amid Draghi’s comments yesterday, the sterling trades on sideways ahead of the BoE policy verdict scheduled on Thursday. RBA Cuts OCR The Reserve Bank of Australia cut its official cash rate by 25 basis points down to 2.75%, a newTue, 07 May 2013 09:44:50 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/07/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/06/Forex News and Events: The currency markets are still digesting the last week’s event-full agenda. As Yen re-enters the game after a quiet week of correction, the Euro consolidates gains despite all Euro-negative news. Released this morning, the encouraging PMI services limited the early negative momentum in Euro, while Cable showed no significant move as London is closed today. The week ahead will see RBA’s policy verdict on Tuesday and the unemployment report on Thursday. The Aussie-bearMon, 06 May 2013 10:15:14 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/06/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/03/Forex News and Events: The FX markets slowly digest the ECB’s rate cut and the focus shifts to US payrolls data scheduled this afternoon. Despite the dovish policy outlook, the refinancing rate cut and the reference to negative deposit rates, Euro is seen highly optimistic this morning. Today’s key event is the US nonfarm payrolls and the unemployment rate announcement. The afternoon shall see some volatility depending on the labor data before the week-end. So far, Cable partially recoveredFri, 03 May 2013 10:53:04 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/03/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/02/Forex News and Events: The risk sentiment is fragile on the growing concerns regarding the global economic outlook. The HSBC PMI data showed that Chinese expansion decelerated in April, while the US employment data missed the market expectations ahead of the nonfarm payrolls to be announced tomorrow. The commodity currencies sold-off, Yen extended gains. Today, the key event is the ECB rate announcement and Mr. Draghi’s press conference. Euro remained rather muted to flat-to-positive PMI dataThu, 02 May 2013 09:42:25 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/02/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/01/Forex News and Events: The US dollar weakness is the main topic in the FX markets ahead of the upcoming FOMC and ECB policy verdicts. At this stage, the Fed is clearly expected to keep the USD 85bn worth asset purchases in the agenda at least until the fourth quarter. As the European markets are shut today, the ADP employment data will be closely watched this afternoon. In UK, GBPUSD registered a decent rally as the PMI Manufacturing greatly surprised to the upside in April. The bullish trendWed, 01 May 2013 10:45:38 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/05/01/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/30/Forex News and Events: The recent USD weakness continues as Fed turns dovish before the FOMC meeting on May 1st. The Yen weakness is capped despite encouraging news out of Japan, while Euro buoys ahead of ECB policy verdict on Thursday. Elsewhere, the Central Bank of Turkey’s Governor Basci said that TRY is overvalued as the capital inflows to Turkey accelerated after BoJ policy action. Governor Basci said that further rate cuts will be considered if the 120-threshold in real effectiveTue, 30 Apr 2013 11:29:29 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/30/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/29/Forex News and Events: After the US growth missed the market expectations on Friday, the focus shifted on FOMC and ECB policy verdicts scheduled this week. While the FOMC is expected to remain on hold regarding its easing policy, the speculations on ECB rate cut gain further pace. The FX markets are mainly affected by USD weakness giving support to high beta currencies. The morning session witnessed fresh Euro demand despite the weak economic data, while USDJPY and JPY crosses sold-off onMon, 29 Apr 2013 11:18:28 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/29/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/26/Forex News and Events: The BoJ decided to keep its policy rate unchanged at 0.10% and pledged to increase the monetary base up to Yen 60-70 trln annually. The Japanese PM Abe instructed the Cabinet to gather a growth strategy before the G8 meeting in June. On the other hand, Nikkei reported that Japan would buy the government bonds from its foreign currency reserves and this should have a positive impact on Yen in the long run. USDJPY dropped to 98.23 post-BoJ. The pair is still trading wellFri, 26 Apr 2013 10:17:03 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/26/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/25/Forex News and Events: The UK growth overbeat the market expectations as UK economy grew 0.3% in the first quarter, more than 0.1% expected and well above -0.3% printed in the last quarter. In reaction, Cable rallied 110 pips to 1.5410, offsetting yesterday’s unwind after Fitch downgraded BoE’s longer term issuer default to AA+. In Asia, the risk appetite improved during the overnight trading session amid Korea printed supportive growth in the first quarter. Ahead of BoJ meeting scheduled onThu, 25 Apr 2013 08:59:56 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/25/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/24/Forex News and Events: As widely expected, RBNZ kept the official cash rate at 2.50% even though the NZD is seen overvalued. In Australia, the soft CPI figures raised the possibility of a further rate cut pulling the Aussie lower in Sydney. During the overnight trading session, JPY broadened weakness while Euro registered a spike down to 1.2955 amid German IFO missed the market expectations. The talks on a ECB rate cut on May 2nd increases the negative pressure on Euro, yet the pair is notWed, 24 Apr 2013 09:44:26 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/24/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/23/Forex News and Events: The risk appetite turned mild on the weak US data and the slower expansion in Chinese Manufacturing in April. JPY remained bid on risk-off, while the commodity currencies sold-off overnight. The weak European PMI reinforced the bear market this morning. EURUSD crossed below 1.3000 and the speculation on ECB rate cut next week gained pace. In Switzerland, Swissy registered decent sell-off this morning on the encouraging trade data. USDCHF spiked above 0.9400 for the firstTue, 23 Apr 2013 09:58:15 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/23/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/22/Forex News and Events: As the G20 meeting came to its end, JPY registered decent unwind to celebrate the lack of criticism regarding the aggressive easing policy held by the BoJ. USDJPY and JPY crosses rallied, Japanese stocks added 1.90%. In Italy, President Napolitano’s re-election gave an early boost to Euro yet the speculation on a potential rate cut quickly capped the upside, while GBP soured amid Fitch downgraded UK’s rating to AA+ on Friday. JPY Decently Sold The FX markets were clearlyMon, 22 Apr 2013 11:04:15 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/22/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/19/Forex News and Events: The FX trading was dominated by a fresh wave of Yen weakness overnight. USDJPY and its crosses rallied as the FinMin Aso stated that there has been no opposition against the Japan’s policies in G20 meeting. The equity futures gained while JGB 10-year yields surged 2.5 basis points. The markets started the day on positive sentiment. Gold recovered to $1424.94, while EUR and GBP advanced in the morning. Throughout the day, we remain cautious on the headline risk on theFri, 19 Apr 2013 10:44:51 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/19/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/18/Forex News and Events: Ahead of the G20 meeting, the FX trading remains in the sidelines. After a heavy short squeeze, Euro consolidates losses, while the weekly MoF data in Japan shows that flows out of Japan are weaker than expected. On the commodity markets, gold was bid overnight as the investors look to rebuild their long positions at cheap prices. The morning session witnessed a decent GBP unwind, as the UK retail sales missed the market expectations in March. Cable sold-off to 1.5220,Thu, 18 Apr 2013 10:24:30 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/18/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/17/Forex News and Events: The US housing data greatly surprised to the upside triggering a risk-rally, despite IMF’s pessimism on the global growth. EURUSD hit 1.3200, while Cable tested 1.5380. Since then, the enthusiasm lost pace on the disappointing UK unemployment and the missile attack in Israel. In the morning, the Riksbank kept its policy rate unchanged at 1.0%, while the Bank of Canada will give verdict at 15:00 GMT. Even though the markets expect the rate to remain unchanged, the tone onWed, 17 Apr 2013 11:08:03 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/17/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/16/Forex News and Events: The markets have been squeezed by the impressive sell-off on Gold since Friday, bringing the price down by more than $240 within two trading days. The potential bond buying tapering by Fed and the speculation on Cyprus gold liquidation were the main catalysts in the recent tumble in the commodities trading. Elsewhere, the terrorist attack in Boston marathon further deteriorated the already-mild risk appetite. The US equities slumped, the volatility surged more than 30%.Tue, 16 Apr 2013 10:45:54 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/16/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/15/Forex News and Events: The week started on disappointing news out of China. The Chinese GDP contracted to 7.7% from 7.9% in Q4, while the industrial production and retail sales fell short of the market expectations in March. The data triggered a risk-off rally in Yen, sending USDJPY down to 97.55 overnight. The week ahead is crowded in important economic data. Euro-zone and UK will release CPI figures, while the ECB President Draghi will appear before the European Parliament. Euro bear-startedMon, 15 Apr 2013 10:58:41 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/15/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/12/Forex News and Events: The US and Euro-Zone economic data curbed the risk appetite since yesterday. EURUSD registered decent downside this morning as German wholesale and the EZ industrial production gave further evidence of economic darkening within the zone. In Japan, USDJPY hit 99.95 overnight yet the pair failed to break above the strong 100.00 resistance. The 10-year JGB yields remained volatile as BoJ held two buyback auctions overnight. JPY Flirts with 100.00 Late NY session registeredFri, 12 Apr 2013 10:21:36 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/12/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/11/Forex News and Events: Risk in Demand Financial Markets have been able to shake off the growing probability of a North Korean missile test and more of the hawkish tone of the FOMC meeting minutes to continue to aggressively buy risk correlated assets. In addition, last weeks disappointing economic data from the US and Europe has all but been forgotten. US equity markets made new highs and the optimism has carried over into Asia and Europe. The news that Chinese march new loads surged helpThu, 11 Apr 2013 11:54:40 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/11/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/10/Forex News and Events: AUD Benefits from Inflows Financial markets are still adjusting to the Bank of Japan's unprecedented balance sheet expansion. On Monday the BoJ started buying JGB in an effort to stimulate a reallocation of capital. One of the primary projected recipients is the Austrian bond markets which has rallied in expectation of capital inflow. AUD has steady appreciated, shrugging off weak economic data, since the surprise announcement. In addition, the stronger-than-expectedWed, 10 Apr 2013 11:38:33 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/10/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/09/Forex News and Events: Switzerland Inflation Weakens Swiss CPI (March) came in lower-than-expected at +0.2% m/m vs +0.3% exp, from +0.3% prior read; -0.6% y/y vs -0.5% exp, from -0.3% prior. While there was no real sharp spike in EURCHF, the pairs remain well bid climbing to 1.2193. This continues a trend of downward pressure on prices since 2008 and indicates that the SNB policy of minimum exchange rates is justified. This read will be disappointing to the SNB that expected inflation toTue, 09 Apr 2013 12:11:44 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/09/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/05/Forex News and Events: The overnight trading session saw decent swings on Japanese equities, bonds and FX markets. The upcoming sharp monetary easing in Japan and the North Korean nuclear threat were the main catalysts in the overnight trading. Elsewhere, Euro partially retraced yesterday’s Draghi-rally; while sterling get a lift up on the status quo announcement. Today, the focus is on the US March nonfarm payrolls and unemployment rate to clarify the fate of the monthly Usd85bn worthFri, 05 Apr 2013 09:34:48 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/05/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/04/Forex News and Events: The Bank of Japan was seen more aggressive-than-expected overnight under its freshly elected governorship. The meeting resulted in sharp and concrete policy measures. In reaction, JPY slumped against all of its major peers, the Japanese bond yields dropped and the equity markets rallied. This afternoon, the focus shifts to BoE and ECB policy announcements at 12:00 GMT and 12:45 GMT respectively. Euro and sterling trades with negative bias this morning, while we expect toThu, 04 Apr 2013 10:42:27 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/04/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/03/Forex News and Events: The two-day BoJ Policy Board Meeting started in Tokyo overnight, pushing the Japanese equities up by 2.7%. The markets are looking for concrete and sharp policy measures out of the meeting, as the new BoJ Governor Kuroda failed to promote support to encourage the markets so far. Currently, the JPY remains on hold as traders await guidance from the new BoJ governorship. In US, the supportive economic data hints that US may still be a safer destination to invest in. USDWed, 03 Apr 2013 10:13:20 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/03/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/02/Forex News and Events: As the Easter holidays come to the end, the heavy economic calendar should provide some direction to the FX markets in the coming days. On April 3-4th, the Board Policy Meeting in Japan is expected to announce concrete policy measures, while ECB will give its verdict on the policy rate on Thursday. As Yen recovers from overnight’s strength, Euro trades to the downside on the disappointing PMI manufacturing released this morning. Euro Sold-Off on PMI The EuropeanTue, 02 Apr 2013 10:23:45 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/02/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/01/Forex News and Events: With much of Europe still on Easter break, markets are in consolidation mode today. This week brings a slew of Central bank policy announcements including those from the G10, the RBA, BoE, ECB and BoJ while unfolding events in Cyrus and political uncertainty should keep risk taking to a minimum. So far, the Eurozone peripheral bond markets reaction to the implications of the Cyprus bailout and subsequent capital controls has been muted. However, as more details of theMon, 01 Apr 2013 09:41:52 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/04/01/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/03/29/Forex News and Events: The markets are quiet as the majority of them are closed due to Easter Holidays. The FX trading remains on sideways, as the markets take a break in the middle of the ongoing turmoil. This gives us a great opportunity to sit back and recapitulate the recent events and resize our forecasts for the future. This morning, the Cyprus President Anastasiades said that Cyprus is not exiting Euro, while IMF, EU and ECB are working to complete the remaining technical details of theFri, 29 Mar 2013 11:17:28 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/03/29/http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/03/28/Forex News and Events: The risk-off is broadly the main theme of the day as the concerns on Cyprus and Italy remain the main drivers on the FX trading. As the Cypriot banks open their doors for the first time after 12 day, Euro tests 1.2750/55 zone for the third time since yesterday. Elsewhere, Cable rebounds from yesterday’s lows perhaps due to some support from EURGBP sell-off. The Japanese Yen extends gains on the global risk-off before the beginning of the new fiscal year on April 1st.Thu, 28 Mar 2013 12:35:53 GMThttp://www.fxstreet.com/technical/market-view/support@ac-markets.com (Swissquote Bank SA)http://www.fxstreet.com/technical/market-view/daily-forex-news/2013/03/28/