US Dollar Set for Further Gains Against Euro, Australian Dollar
Euro Future Bleak Regardless of ECB or EU Bailout Efforts
Japanese Yen Strength Could Renew Speculation For BoJ Intervention
British Pound Vulnerable If BoE Remains Directionless
Swiss Franc Volatility to Continue as Markets Challenge SNB
Canadian Dollar May Fall Further on One-Sided FX Sentiment
Australian Dollar Unnerved by Sentiment but RBA, Data Turning
New Zealand Dollar May Firm On Rising Yield Expectations...

FXCM Speculative Sentiment Index (SSI) Statistics:



Intraday Highlight:


NZDUSD - The ratio of long to short positions in the NZDUSD stands at -1.51 as nearly 60% of traders are short. Yesterday, the ratio was at 1.16 as 54% of open positions were long. In detail, long positions are 19.9% lower than yesterday and 10.9% stronger since last week. Short positions...

It will be interesting to see how currencies respond for the remainder of the day, with particular attention on the Euro, which managed to surge in Asian trade on Monday, before finding offers for the remainder of the day.

MORNING SLICES



FUNDYS

The initial surge in the Euro this week has been brought on by an announced...

The Euro erased earlier gains after the final GDP reading for the fourth quarter showed that growth stagnated at the end of the year.

Talking Points
• Japanese Yen: Find Support on Risk Aversion and Upbeat BoJ
• Pound: Sunk By Slowdown in Service Sector
• Euro: Weighed by Flat 4Q GDP
• U.S. Dollar: Finding Support On Increasing Pessimism.

Euro Falters As 4Q Growth Stagnates, E.U. Looks To Calm Greece Fears

The initial...

The British Pound pared the previous day’s advance and slipped to a low of 1.5142 during the European session as the economic docket reinforced a mixed outlook for the U.K., and the currency is likely to maintain the narrow range carried over from the previous week as the Bank of England is scheduled announce its April rate decision on Thursday at 11:00 GMT.

Talking Points
• Japanese Yen: Mostly Higher Against the Majors
• Pound: PM Brown Sets General Election...