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FX Daily

There is little economic data published today.

The bounce Friday has eased bearish pressure and seen immediate focus

Pressure has returned to the 2014 low following repeated topside failures ahead of $59.27.

The pair closed a holiday thinned session Friday at $1.5558, close to where the rate ended Christmas eve(Dec24),

Bulls take comfort in the recent closes above the 21 & 200-DMAs but

Layers of resistance remain in the $1.2226-1.2302 region with bulls needing a

The pair opened at $0.8118 this morning following a four-day weekend and

The pair started this morning’s session at $1.2188 and saw an early retreat to

JPY started the final week of 2014 with continued weakness this morning even as

USD/SGD is hesitating a little following fresh 2014 and 4+ year highs last week with

Continued hesitation ahead of the $0.8068 2010 low resulted in a break of the short term

Our USD index (JPMQUSD) continues to make new highs.