Forex: GBP/USD edges back off high during Draghi Press Conference

FXstreet.com (Barcelona) - Having climbed to post a high this morning following the BoE´s decision to hold rates and asset purchases, GBP/USD has declined during ECB President Draghi´s Press Conference.

The pair climbed to post a high at 1.5154 following the BoE meet, in the build up to Draghi´s speech, but edged back as Draghi commented that downside risks exist in the region, and that inflation risks remain broadly balanced. Further, he added that he remained commited to keeping monetary policy accommodative for as long as needed. Spot declined to find some near term support at the hourly 100 MA at 1.5108, while hourly RSI sits at 60.

Apr 4, 2013

Forex Flash: BoJ decision first of series of interventions? – UBS

According to Research Analyst Gareth Bery at UBS, “The BoJ decision today will likely mark the first of a series of ‘interventions’, which could have far-reaching implications for the behavior of Japanese investors onshore. We have extensively discussed the potential for more flows overseas, and one of the most important roles for decision-makers in Japan in the coming months will be to encourage Investment Trusts, Life Insurers and other asset managers to 'get moving'.”

Forex: EUR/USD in fresh 2013 lows on Draghi

The bloc currency dipped to the area of 1.2760 on President Draghi’s dovish statement. He stated that inflation expectations remained anchored and monetary policy would remain accommodative as long...