Forex: EUR/GBP little changed on ECB

The pair reverted initial gains on Thursday, after the ECB acted in line with the broad consensus, leaving the refi rate unchanged at 0.75%. The FX community would now shift its attention to President Draghi’s press conference, looking for any catalyst to break the lull either way.

At the moment, the cross is losing 0.03% at 0.8632 with the next support at 0.8616 (low Feb.6) ahead of 0.8602 (MA10d) and then 0.8555 (low Feb.5).
On the flip side, a break above 0.8681 (high Feb.6) would open the door to 0.8701 (high Feb.4) and finally 0.8717 (high Feb.1).

Feb 7, 2013

Forex: EUR/USD steady after ECB decision, Draghi eyed

The shared currency remained quite steady against the dollar after the European Central Bank decided to keep its interest rate unchanged at 0.75%, as widely expected.

Forex: EUR/JPY eases to 127.00 after ECB rates, Draghi ahead

Having risen to as high as 127.47 on the European session on the back of expectations ahead of the ECB monetary policy decision and Draghi's press conference, the publication of the interest rates for February triggered a test of the 127.00 for support. Nevertheless, the EUR/JPY is trading +0.34% higher on the day.