For FX, the opening moves seen yesterday at the start of the European session were largely sustained until the dollar softened into the European close. Earlier on for sterling, there was a sense that the direction of the migrant crisis in Europe could play into the hands of those campaigning for an exit at June’s referendum. This may seem some time away, but the market’s sensitivity to such developments is only likely to increase in coming weeks. As for the single currency, the market is hearing more and more about the possibilities ahead of the ECB meeting this Thursday, where further policy action is anticipated, even though the size and form of this is very much open for debate. For today, sterling will have one eye on the headlines emanating from BoE members testifying before the UK Parliament’s Treasury Select Committee on the costs and benefits of EU membership. The BoE has also announced that it will provide additional liquidity operations around the date of the referendum to ensure that banks have sufficient liquidity should strains emerge. To be clear, this is nothing to do with QE, it’s merely to assure the smooth running of the sterling money markets and banks. But naturally this is a very politically charges issue and this is likely to be very clear in today’s headlines from BoE members at the Treasury Select Committee. Cable pushed above the 1.4252 resistance level yesterday (50% retracement of Feb down-move), with trendline resistance coming in at 1.4321. Looking ahead, we have two central bank announcements coming up in the form of New Zealand and Canada. Neither are seen changing rates, but the accompanying statements will be closely scrutinised given the potential for lower rates from both later this year (more likely with Canada). Further reading: ECB March Decision – All the updates AUD/USD turns down on poor Chinese data FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Daily Look share Read Next EURUSD , USDJPY, GBPUSD and XAUUSD TA – March 8 2016 John Benjamin 7 years For FX, the opening moves seen yesterday at the start of the European session were largely sustained until the dollar softened into the European close. Earlier on for sterling, there was a sense that the direction of the migrant crisis in Europe could play into the hands of those campaigning for an exit at June's referendum. This may seem some time away, but the market's sensitivity to such developments is only likely to increase in coming weeks. As for the single currency, the market is hearing more and more about the possibilities ahead of the ECB meeting this Thursday, where… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.