FxAnalysis

The fall from last week’s spike higher seems to have slowed to nothing, as the price consolidates above $1.1775.

The US dollar has been falling against the Mexican peso for some time, but the occasional bounce continues to be a thing in this market. That was the case for Wednesday.

The New Zealand dollar has fallen on Wednesday, as we continue to see a bit of consolidation. This is a market that is trying to figure out where to go next at this point.

The FTSE 100 made a fresh high during the trading session on Wednesday, showing that there are plenty of buyers out there waiting to get involved in this index.

The Euro has really seen a bit of soft action over the last couple of days, as the ECB meeting will continue to be in the focus of traders, and the US dollar strengthening has also played a huge part.

The Euro has risen against the Japanese Yen during the trading session here on Wednesday as the interest rate differential continues to be a main driver of things. The ECB meets on Thursday, so be aware that volatility is almost certain to happen.