Sterling Weighed Down by Dovish BOE Report - Daily FX - 1 hour, 30 minutes ago
A mild correction in the markets is underway, with traders content in buying back into currencies and risk on Tuesday. However, it remains to be seen whether yesterday’s market reversal is now complete in favor of a fresh bout of consolidation, or whether we will continue to see additional corrective activity resulting in additional USD declines.

Dollar, Yen Decline as Germany Tipped to Lead Effort to Aid Troubled EU Countries - Daily FX - Wed 2:27 am ET
The US Dollar and Japanese Yen traded lower as news that Germany may lead an EU effort to offer loan guarantees to Greece and other troubled Euro Zone economies boosted risky assets, sapping demand for the safe-haven currencies.

USD Graphic Rewind 02.10 - Daily FX - Wed 2:07 am ET
USD INDEX GRAPHIC REWIND   Written by Joel Kruger, Technical Currency Strategist for DailyFX.com

USD/JPY Classical 02.10 - Daily FX - Wed 1:32 am ET
USD/JPY: Last Thursday’s violent pullback certainly dents our shift in outlook in which we had been projecting significant upside over the medium-term. However, the market has still not managed to close below 89.00 and it will be interesting to see how things play out from here.

USD/CHF Classical 02.10 - Daily FX - Wed 1:30 am ET
USD/CHF: The latest break back above 1.0500 suggests that the market has now carved out a major base that exposes some fresh medium-term upside towards 1.1000 over the coming days.

USD/CAD Classical 02.10 - Daily FX - Wed 1:29 am ET
USD/CAD: The market has finally managed to clear resistance by 1.0745 to expose next key topside barriers by 1.0870 further up. Daily studies still show plenty of room to run, and we look for a retest and break of 1.0870 over the coming days.

NZD/USD Classical 02.10 - Daily FX - Wed 1:28 am ET
NZD/USD: Although it is less prominent than in Aud/Usd, the market here has also arguably carved out a major double top that ultimately projects a fresh wave of declines down towards 0.6500 over the coming weeks.