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MARKET NEWS Key option levels 5 February 2015 FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT). Here are the key options expiring today: EUR/USD: 1.1300 (EUR 1bln), 1.1350-60 (EUR 737m), 1.1450 (EUR 656m), 1.1500 (EUR 2.6bln), 1.1595/1.1600 (1.8bln); GBP/USD: 1.5145/50 (GBP 430m), 1.5250 (GBP 200m), 1.5275 (GBPUSD 275m); USD/JPY: 116.00 (USD 368m), 117.00 (USD 1bln), 117.75 (USD 752m), 119.00 (USD 941m); USD/CAD: 1.2490 (USD 410m), 1.2570 (USD 440m), 1.2630 (USD 440m); AUD/USD: 0.7750 (AUD 389m), 0.7775 (AUD 318m), 0.7850 (AUD 407m). More: http://fxbazooka.com/en/news/show/2235

Forex Analytics Danske Bank: trade signals for Feb. 5 Open positions: EUR/USD: Hold SHORT at 1.1357, TAKE PROFIT 1.1262, STOP LOSS 1.1407 USD/JPY: Hold LONG at 117.35, TAKE PROFIT 118.92, STOP LOSS 116.62 USD/CHF: Hold LONG at 0.8755, TAKE PROFIT 0.9445, STOP LOSS 0.9168 AUD/USD: Hold LONG at 0.7773, TAKE PROFIT 0.7942, STOP LOSS 0.7710 EUR/CHF: Hold LONG at 1.0195, TAKE PROFIT 1.0669, STOP LOSS 1.0350 EUR/CAD: Hold LONG at 1.4250, TAKE PROFIT 1.4645, STOP LOSS 1.4110 GBP/JPY: Hold LONG at 175.85, TAKE PROFIT 179.95, STOP LOSS 176.55 NZD/USD: Hold LONG at 0.7330, TAKE PROFIT 0.7495, STOP LOSS 0.7275 Trade ideas: GBP/USD: BUY at 1.5165, TAKE PROFIT 1.5486, STOP LOSS 1.5080 USD/CAD: BUY EUR/JPY: BUY EUR/GBP: SELL More: http://fxbazooka.com/en/analitycs/show/3488

MARKET NEWS Feb. 5: MARKET OVERVIEW FXBAZOOKA.com - The euro was hit as the European Central Bank said it would not accept Greek bonds as collateral. EUR/USD fell to the levels just above 1.1300. EUR/CHF slid below 1.0500. The ECB’s decision was also negative for the market’s risk sentiment. Asian shares declined. USD/JPY has once again lowered to support in the 117.00 area. Traders are awaiting the release of American unemployment claims later today (12:30 GMT) as a preview to Friday's all important non-farm payrolls data (NFP). Chinese equities, however, managed to rise as China’s central bank cut the level of reserves banks must hold in order to encourage lending and economic growth. AUD/USD and NZD/USD edged a bit higher. Australian retail sales grew less than expected. Another negative development for the mood of the bulls was the decline in crude oil price after the US announced that that its oil inventories reached a record high. GBP/USD is trading in the 1.5200 ahead of the Bank of England’s meeting. The central bank is expected to leave policy unchanged. Here are the main events to watch today (see more in the economic calendar): More: http://fxbazooka.com/en/news/show/2231

Forex Analytics Forex trading plan for Feb. 5 EUR/USD has spiked above 1.1500 on Tuesday, but was capped by 100-period MA at H4. The rally has slowed down despite the upbeat euro zone’s PMIs, retail sales and weaker-than-expected US NFP by ADP, all released on Wednesday. According to our forecast, the downtrend in EUR/USD will soon resume. Decline below 1.1440 will bring euro down to 1.1355. Next support is at 1.1275 and 1.1210. Watch the German factory orders and the EU economic forecasts on Thursday. News from Greece will also impact the market. US are scheduled to release trade balance and unemployment claims tomorrow. GBP/USD was boosted to the levels above 1.5200 by the better-than-expected UK services PMI (57.2 vs. 56.5). However, pound approached the downtrend resistance line just below 1.5300. Tomorrow traders will be focused on the Bank of England’s meeting at 12:00 GMT. No changes in policy are expected. A break above 1.5300 can trigger an increase to 1.5475. USD/JPY may continue being sold on the upside in the area between 117.90 and 118.30 and bought on the downside in the 117.00 area. NZD/USD pushed higher on Wednesday, supported by the neutral RBNZ stance and higher-than-expected milk prices. However, the pair faced resistance at $0.7450 (38.2% Fibo) and returned below the $0.7390 support later in the day. AUD/USD has also recovered some ground, retracing most of the post-RBA losses. The pair is facing resistance at 0.7850 and is vulnerable for a return to 0.7700. Next resistance is at 0.8000. Watch the Australian retail sales release at 00:30 GMT. USD/CAD can weaken to 1.2300. Resistance is at 1.2500 and 1.2625. EUR/GBP will be a sell in case of the break below 0.7500. More: http://fxbazooka.com/en/analitycs/show/3483

MARKET NEWS Key option levels 3 February 2015 FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT). Here are the key options expiring today: EUR/USD: 1.1200/10 (EUR 520m), 1.1300 (EUR 552m), 1.1400 (EUR 270m); USD/JPY: 115.00 (USD 5bln), 116.00 (USD 9.5bln), 116.45-50 (USD 1.5bln), 117.00 (USD 848m), 118.00 (USD 3.8bln), 118.30/40 (USD 1.5bln), 119.00 (USD 1.7bln); USD/CAD: 1.2400 (USD 270m); AUD/USD: 0.7750 (AUD 470m), 0.7800 (AUD 691m), 0.7900 (AUD 677m), 0.8000 (AUD 230m); NZD/USD: 0.7300 (NZD 200m), 0.7350 (NZD 201m), 0.7390 (NZD 259m), 0.7400 (NZD 367m). More: http://fxbazooka.com/en/news/show/2222

MARKET NEWS Feb. 3: MARKET OVERVIEW EUR/USD is above 1.1300. The single currency is supported by hopes for a deal on Greek debt and lower than expected US economic data. According to the figures released on Monday, American consumer spending fell and construction spending rose less than expected in December, while ISM Manufacturing PMI slid from 55.5 to 53.5 in January. Asian stocks sagged amid ongoing growth concerns. USD/JPY returned below 117.00. AUD/USD hit 0.7650, the lowest level since March 2009, as the Reserve Bank of Australia cut its benchmark rate by 25 bps to 2.25% in order to encourage the nation’s economic growth. New Zealand’s solar was also hit by this move: NZD/USD slid to a 4-year low at 0.7190. US crude oil rose to $49.88 a barrel. Some investors think that this commodity has finally hit the bottom. Canadian dollar is trading a bit on the downside after correcting up on Monday. Here are the main events to watch for today: More: http://fxbazooka.com/en/news/show/2219

MARKET NEWS Key option levels 2 February 2015 2 February 2015, 08:22 Comments: 0 FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT). Here are the key options expiring today: EUR/USD: 1.1225 (EUR 225m), 1.1250 (EUR 835m); USD/JPY: 118.15 119.00; AUD/USD: 0.7750 (AUD 450m), 0.7800, 0.7840 (AUD 400m,) 0.7900 (AUD 420m); NZD/USD: 0.7300 (NZD 200m); EUR/JPY: 133.00 (EUR 330m). More: http://fxbazooka.com/en/news/show/2216

MARKET NEWS Feb. 2: MARKET OVERVIEW Chinese official manufacturing PMI unexpectedly shrank for the first time in nearly 2-1/2 years in January. A separate survey, the HSBC/Markit Purchasing Managers’ Index (PMI), showed on Monday that activity in China’s factory sector shrank for a second month in January. USD/JPY briefly touched a 2-week low below 117.00 on Monday. The Bank of Japan’s Governor Haruhiko Kuroda said he did not think the recent weakening of the yen was severely hurting the country’s economy. Then demand from Japanese importers helped the US dollar to recover to 117.87. Still, the USD bulls are not very confident after data on Friday showed that American economic growth slowed in Q4. AUD/JPY hit 11-month low at 90.70 before returning up to 91.50. Canadian dollar is trading on the downside. AUD/USD and NZD/USD are a bit on the upside, but still close to the minimums. The new Greek government has said that it will not cooperate with the ‘Troika’ of international creditors, and does not plan to seek an extension for its aid package which is set to expire at the end of February. However, there’s no fresh sell-off in the euro: some analysts think that much of bad news on Europe may have been already priced in. EUR/USD is trading in the 1.1300 area. Here are the important events to watch today: More: http://fxbazooka.com/en/news/show/2213

MARKET NEWS Key option levels 30 January 2015 FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT). Here are the key options expiring today: EUR/USD: 1.1200 (EUR 291m), 1.1300 (EUR 427m), 1.1400 (EUR 565m), 1.1450/60 (EUR 662m) GBP/USD: 1.5350 (GBP 340m); USD/JPY: 115.50 (USD 1.17bln), 117.75 (USD680m), 118.00 (USD 698m), 118.50 (USD 513m), 119.00 (USD 1.6bln); AUD/USD: 0.7750 (AUD 619m), 0.7850 (AUD 527m), 0.7900 (AUD 303m); USD/CAD: 1.2500 (USD 280m); NZD/USD: 0.7200 (NZD 634m), 0.7300 (NZF 624m), 0.7400 (NZD 289m); EUR/JPY: 134.50 (EUR 252m), 138.00 (EUR 460m). More: http://fxbazooka.com/en/news/show/2206

Forex Analytics Danske Bank: trade signals for Jan. 30 Open positions:* EUR/USD: hold LONG at 1.1302; TAKE PROFIT at 1.1460; STOP at 1.1259 USD/JPY: hold LONG at 117.60; TAKE PROFIT at 119.97; revised STOP at 117.16 USD/CHF: hold LONG at 0.8755; TAKE PROFIT revised to 0.9361; revised STOP at 0.9044 AUD/USD: hold SHORT at 0.8130; TAKE PROFIT revised to 0.7683; revised STOP at 0.7917 EUR/CHF: hold LONG at 1.0195; TAKE PROFIT at 1.0650; STOP at 1.0185 GBP/JPY: hold LONG at 177.80; TAKE PROFIT at 180.95; STOP at 177.20 Trade ideas: USD/CAD: BUY at 1.2550; TAKE PROFIT at 1.2718; STOP at 1.2490 EUR/JPY: BUY at 132.85; TAKE PROFIT at 135.81; STOP at 132.15 EUR/GBP: SELL at 0.7540; TAKE PROFIT at 0.7391; STOP at 0.7600 GBP/USD: SELL at 1.5130; TAKE PROFIT at 1.4886; STOP at 1.5240 NZD/USD: SELL at 0.7340 TAKE PROFIT revised to 0.7120; STOP at 0.7405 More: http://fxbazooka.com/en/analitycs/show/3413

MARKET NEWS Jan. 30: MARKET OVERVIEW EUR/USD is trading in the 1.1325 area. The euro area will release inflation data at 10:00 GMT. The data could come low as German consumer prices fell in January for the first time since 2009. The next key data for USD is an advance reading on US Q4 GDP at 13:30 GMT, which economists think will show a solid growth of 3.0%. USD/JPY is below 118.00, almost in the middle of the recent sideways range. Japan released mixed economic data. Industrial production increased more than expected in December, but inflation slowed slightly more than expected: without the impact of the sales tax hike the price growth is the lowest since June 2013. Commodity currencies – AUD, NZD and CAD – tried to correct a bit up after heavy selling in the previous sessions. EUR and JPY are rather stable. CHF paused after falling versus both USD and EUR on Thursday: the market is speculating about the intervention by the Swiss National Bank. More: http://fxbazooka.com/en/news/show/2205

Forex Analytics Forex trading plan for Jan. 30 We are getting ready to sell EUR/USD targeting firstly 1.1225 and then 1.1100. On Friday there will be many data releases in the euro area, but one should certainly focus on inflation figures due at 10:00 GMT. AUD/USD reached the 200-month MA at 0.7780. The outlook for Aussie is bearish as traders are speculating about the possibility of the Reserve Bank of Australia cutting rates next Tuesday. The next support is at 0.7650. Resistance is at 0.7950. On Friday watch Australian producer price data (00:30 GMT). NZD/USD shorts targeting 0.7150 seem like a good trade idea. USD/CAD has surged to 1.2550. The pair is certainly very overbought and required correction at least to 1.2400. On the upside targets lie at 1.2630, 1.2680 and 1.2700. The US and Canada will release GDP data at 13:30 GMT. GBP/USD and USD/JPY keep consolidating and the levels to watch for them remain pretty much the same. USD/JPY faces resistance at 118.80 and 119.30 and has support at 117.25/15, 116.50 and 115.85. GBP/USD has resistance at 1.5155, 1.5200, 1.5267 and support at 1.5100, 1.5050 and 1.5000. The US GDP release should bring more volatility in these pairs. More: http://fxbazooka.com/en/analitycs/show/3405

MARKET NEWS Jan. 29: key option levels FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT). Here are the key options expiring today: EUR/USD: 1.1100 (EUR 378m), 1.1230 (EUR 231m), 1.1250 (EUR 420m), 1.1400 (EUR373m); USD/JPY: 116.50 (USD 7332m), 117.00 (USD 520m), 117.65 (USD 400m), 118.00 (USD 300m), 118.50 (USD 2.1bln), 119.00 (USD 2.7bln), 119.50 (USD 885m); GBP/USD: 1.5100 (GBP 1bln), 1.5250 (GBP 302m), 1.5400 (GBP 744m); NZD/USD: 0.7295/0.7300 (NZD 1.29bln). More: http://fxbazooka.com/en/news/show/2201

Forex Analytics Forex trading plan for Jan. 29 The Federal Reserve decided to wait and see what will happen with the US economy – this is a balanced stance, but still more hawkish when those of the other central banks, so the prospects for USD are rather bullish, though trading will be mixed and unsteady. The US will release unemployment claims at 13:30 GMT. EUR/USD descended to 1.1280. Concerns about Greece have risen as the nation’s new Prime Minister Alexis Tsipras, challenged international creditors on Wednesday by halting privatization plans agreed under the country’s bailout deal. Watch German preliminary inflation report & unemployment figures. USD/JPY keeps consolidating in the 117.25/118.80 area. Watch Japanese inflation figures early on Friday. Shorts possible below 117.00 targeting 116.50/00. Resistance is at 118.09, 118.80 and 119.30. GBP/USD faces resistance at 1.5155 and may drift down to 1.5100. More sideways trading is expected. The pair waits for new drivers. Resistance is at 1.5200, 1.5267 and 1.5350. AUD/USD has spiked up on Wednesday and below the recent low at 0.7857 the downside may extend to 0.7800/7780. More: http://fxbazooka.com/en/analitycs/show/3394

MARKET NEWS Jan. 28: key option levels FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT). Here are the key options expiring today: EUR/USD: 1.1150 (EUR 295m),1.1300 (EUR 513m), 1.1400/20 (EUR 560m); USD/JPY: 117.00 (USD 200m), 118.50 (USD 628m); AUD/USD: 0.7960 (AUD 381m), 0.8075 (AUD 396m); USD/CAD: 1.2375 (USD 438m), 1.2290 (USD 300m); EUR/JPY:136.95 (EUR 402m). More: http://fxbazooka.com/en/news/show/2197

Forex Analytics Forex trading plan for Jan. 27 The opposition anti-austerity party Syriza has won Greek election. Syriza gets 149 seats in Parliament (out of 151 needed for majority) and has made an alliance with the Independent party to gain the majority needed to take over from New Democracy/Pasok. The market will be now looking for every piece of news about Greece’s negotiations with the creditors, but we don’t expect any fatal announcements in the coming sessions. This means that EUR/USD has room for correction/consolidation. EUR/USD rose to 1.1260 on Monday closing the opening gap after falling to as low as 1.1097. Resistance is at 1.1305 and 1.1370. Support is at 1.1000. GBP/USD is trading below the previous support at 1.5050 and is vulnerable for a decline to 2013 low in the 1.4813/00 area where it should find a good support. Watch the UK GDP data tomorrow at 09:30 GMT. USD/JPY is fluctuating around 118.00. Support is located at 117.25, 116.90 and 115.85. On Tuesday the US will release several important pieces of data, and the forecasts are quite positive. A break above 118.90 will open the way to 120.00. The pair’s ability to rise above the 120 handle will depend on the outcome of the Fed’s meeting on Wednesday. More: http://fxbazooka.com/en/analitycs/show/3359

Forex Analytics AUD/USD: wave analysis for Jan. 26-30 Weekly. The pair keeps forming the global downward correction , which is taking the form of a triple zigzag. At the moment, we see the development of the final zigzag (z). Daily. As part of the zigzag (z) the pair keeps forming the descending impulse A. Soon this impulse will be fully completed and the pair will begin development of a new upward wave B. H4. We can see the details of the wave [5] of A. Immediately after the completion of the wave (4) the pair collapsed in a new impulse wave (5). This week we expect it to continue falling within this bearish wave. More: http://fxbazooka.com/en/analitycs/show/3348

Forex Analytics USD/JPY: wave analysis for Jan. 26-30 Weekly. The pair keeps forming a powerfulmulti-monthuptrend.At the moment,the pair is buildingthe final partof this trend –an impulse wave[V]. Considerits markup on smaller timeframes. H12. After the completion of the horizontal triangle [iV], we saw a strong movement up. At the last section a new horizontal triangle is being formed, but it differs from the previous one by its size. After completion of this triangle, the pair will continue growing in the new bullish wave (V). H4. As part of the triangle (IV) the pair’s building the upward zigzag D, after the end of which we’ll see the formation of a new descending wave E. The approximate trajectory of the upcoming motion is shown at the picture. More: http://fxbazooka.com/en/analitycs/show/3347

Forex Analytics AUD/USD: wave analysis for Jan. 26-30 Weekly. The pair keeps forming the global downward correction , which is taking the form of a triple zigzag. At the moment, we see the development of the final zigzag (z). Daily. As part of the zigzag (z) the pair keeps forming the descending impulse A. Soon this impulse will be fully completed and the pair will begin development of a new upward wave B. H4. We can see the details of the wave [5] of A. Immediately after the completion of the wave (4) the pair collapsed in a new impulse wave (5). This week we expect it to continue falling within this bearish wave. More: http://fxbazooka.com/en/analitycs/show/3348

Forex Analytics EUR/USD: wave analysis for Jan. 26-30 Weekly. The pair keeps forming a global wave plane B, within which it builds strong downward impulse [C]. Consider the details of the impulse [C]. Daily. The pair is currently developing a powerful wave (5) of [C]. There are no signs of change or termination of the downtrend. Consider the wave (5) to determine the prospects of a possible movement of the pair this week. H4. After having completed a small corrective wave 4, the pair declined in the new downward impulse 5. This week we expect the bearish movement to continue in this impulse. More: http://fxbazooka.com/en/analitycs/show/3345

MARKET NEWS Key option levels 26 January 2015 FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT). Here are the key options expiring today: EUR/USD: 1.1400 (EUR 538m), 1.1500 (644m), 1.1550 (EUR685m); GBP/USD: 1.5100 (GBP 278m); USD/JPY: 116.50 (USD 300m), 117.00 (USD 265m), 117.50 (USD 310m), 118.00 (USD 346m); NZD/USD: 0.7550 (NZD 615m). More: http://fxbazooka.com/en/news/show/2185

MARKET NEWS 23 January 2015 Key option levels FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT). Here are the key options expiring today: EUR/USD: 1.1400 (EUR 1bln), 1.1450 (EUR 740m), 1.1500 (EUR 1bln), 1.1550 (EUR 2.2bln), 1.1600 (EUR 1.1bln), 1.1650 (EUR 822m), 1.1700 (EUR 1.45bln); GBP/USD: 1.5250 (GBP 350m); USD/JPY: 117.00 (USD 334m), 118.00 (USD 2.3bln), 118.25 (USD 749m), 119.00 (USD 565m); AUD/USD: 0.7900 (AUD 456m); NZD/USD: 0.7500 (NZD 500m); EUR/GBP: 0.7500 (EUR 660m), 0.7600 (EUR 270m). More: http://www.fxbazooka.com/en/news/show/2182

MARKET NEWS Jan. 23: MARKET OVERVIEW EUR/USD is trading at 11-year low in the 1.1315 area after the European Central Bank launched a quantitative easing program. The euro is preparing for another challenge in form of the Greek elections on Jan. 25. If the leftist Syriza party wins, it could trigger a standoff with the EU/IMF lenders and make Greece quit from the euro zone. European shares surged, German stocks hit record highs and euro zone bonds rallied, while German government bond yields slid to new record lows. On Wall Street, the S&P 500 and the Dow each gained 1.5%. MSCI’s broadest index of Asia-Pacific shares outside Japan rose to an 8-week high. Japan’s Nikkei gained 1%. The market didn’t react much on HSBC flash PMI which showed China’s manufacturing growth stalling for the second straight month in January. Crude oil prices bounced after Saudi Arabia announced that King Abdullah had died and his successor, Salman, quickly named his own heir to rule the world’s biggest oil exporter. AUD/USD fell to 0.7964 as traders think that the Reserve Bank of Australia may soon ease its policy. Here are the main upcoming events: More: http://www.fxbazooka.com/en/news/show/2181

Forex Analytics Forex trading plan for Jan. 23 By Elizaveta Belugina Now that we are past the ECB’s meeting it’s really a relief. The European Central Bank has tried to make its decision balanced: on the one hand, the amount of QE was greater than expected, but, on the other hand, most risks will be loaded on the shoulders of the national central banks and the ECB won’t buy Greek debt. As the market has generally got the idea of what the ECB’s statement would be like because some of the info was leaked in advance, trading wasn’t that nervous. EUR/USD fell to the new lows in the 1.1450 area. A close below will open the way for new targets at 1.1350 and 1.1200. If we get some of consolidation in the short term, it might be limited by resistance at 1.1650. On Friday the market will keep digesting the outcome of the ECB’s meeting. Also watch the euro area’s PMI releases at 08-09:00 GMT. USD/CAD may get some new impulses as Canada will publish retail sales and inflation figures at 13:30 GMT. Negative readings are expected and this will be a bullish factor for USD/CAD. The next target on the upside is 1.25. Other commodity currencies, especially, NZD will also find themselves under pressure in the near future. China will release HSBC Manufacturing PMI at 01:45 GMT – the release will likely have an impact on AUD and NZD. For GBP/USD watch retail sales release at 09:30 GMT. For now the pair’s still range bound (1.5200/1.5050). USD/JPY declined on Thursday. Support at 117.15. The pair is vulnerable for 115.85. Resistance is at 117.90. More: http://fxbazooka.com/en/analitycs/show/3327

MARKET NEWS Jan. 22: MARKET OVERVIEW EUR/USD is trading in the 1.1580 area ahead of the ECB’s meeting later today. The European Central Bank is likely to announce a quantitative easing program and the markets are eager to hear the details of it. USD/CAD is near 6-month highs just under 1.2400 as the Bank of Canada has made a surprise move to lower the benchmark interest rate from 1% to 0.75% citing a threat to economic growth and its inflation targets from the dramatic drop in oil prices. The BOC’s action made investors weigh the possibility of the Reserve Bank of Australia making the same move soon. AUD/USD is hovering just above the 5-year low at 0.8032 set earlier in the month. NZD/USD has slid today to the new 2-year low at $0.7512 today. USD/JPY rose to about 118.22 yen, retracing some of its 0.7% drop in the previous day. More: http://fxbazooka.com/en/news/show/2175