Latest Forex Research

CAD Mid-day Analysis

The Canadian really benefited from a middle of the road US non-farm payroll result last week

The December Pound might be set to claw out a modest short covering bounce back toward down trend channel resistance of 1.5979.

EUR/USD: had a short squeeze at the Europe open and went as high as 1.2490 on dollar selling across the board.

EUR/USD has rebounded after having posted2-year lows.

Today’s highlights: USDJPY is expected to retrace lower prior to the uptrend resuming,

The role of our USD/JPY forecast of 120 at end-2015 has ended.

The USD weakened slightly. USDJPY dipped to 114.09, EURUSD edged higher to 1.2486 and

EURUSD: As per Tue, specs added more to net euro shorts (& added to aggregated net dollar longs).

The main release will be the Fed’s Labour Market Conditions Index that it beganpublishing last month.

US Treasuries rallied in earnest on Friday, as more solid job growth was not enough to hurt bonds in the absence of wage pressures.

The sharp bounce from fresh 2014 and 4 year lows Friday and

Layers of resistance remain $79.44-84.08 with bulls needing a close above $79.44 to ease bearish pressure.