Currencies

Markets seem to tread water amidst lack of catalysts and ahead of the release of the US consumer price index (CPI) tomorrow, with the pair finding support today

FXCM's USDOLLAR basket is pulling back to a key level, characterised by a triple confluence of support. This overlap may present too good an opportunity for greenback bulls to ignore.

The pair comes from an impressive nine-week profitable streak and starts the new one in the offensive, clinching new twenty year highs

Recording of our live NFP trade on a live account.

The pair tries to catch a breath, following its worst day in two years, due to the Bank of England gloomy economic outlook

The central bank delivered its fourth interest rate increase in a row, in order to combat surging inflation and sees more hikes ahead

The pair moved higher on Wednesday after the Fed’s well-telegraphed rate hike, but faces pressure today, as markets turn their attention to Friday’s employment report form the US

The US Federal Reserve hiked interest rates by 50 basis points as expected on Wednesday, which was the biggest increase since 2000 and the dot-com bubble

The pair made a poor start to the month, but finds support today, as markets brace for the monetary policy decisions by the US Fed and the Bank of England

The Reserve Bank of Australia (RBA) increased interest rates by 25 basis points today, delivering the first hike since November 2010, in a backdrop of surging inflation

Until fundamentals change on the ground, the dollar has the perfect storm of support.