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Forex Top Movers: The ECB launched its first ever QE and sends the Euro down

FXStreet (San Francisco) - The Euro got a hit from the ECB in form of a €60 BLN per month QE. The loser of the day is the Euro; while the USD is rallying against its major competitors. Stocks are joining the party.

The EUR/JPY is falling 1.7% so far today to 134.57; the EUR/USD is testing the 1.1400 level after collapsing 1.71%; while the EUR/CAD is 1.46% down to 1.4113.

Top winners are USDCZK, +1.38% to 24.368; USD/CHF, +1.18% to 0.8692; while the CAD/CHF is 0.98% to 0.7029.

On majors, GBP/USD is -0.62% to trade below 1.5050; the USD/JPY is flat on the day at 117.85; the USD/CAD is +0.24% to 1.2366; while the AUD/USD is +0.16% to 0.8101.

US stocks are rallying on Thursday with the DJIA posting triple digit gains and the S&P 500 testing the 2,050.00 level.

Oil is falling again after the brief rebound of Wednesday while the gold is recovering the 1,300 area.

EUR/GBP finds support at 0.7560

The strong bearish momentum around the EUR continues to gather pace post-ECB meeting today, with EUR/GBP now finding some support around 0.7560...
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