Latest Forex Research

CAD Mid-day Analysis

The Canadian will have to run the gauntlet of Employment data from both sides of theUS/Canada border this morning and

The Pound made a brief move below the 1.5800 level in the wake of this morning’s UK Trade Balance data,

The satisfied CNB has no intention for ease further.

EUR/USD has broken the hourly support at1.2440 (03/11/2014 low), confirming persistentselling pressures.

EURUSD was little changed Asia morning (1.2379),

EUR/USD is on the retreat again, but refs at 1.2363/29 should shore up losses,

In the US we expect another strong labour market report for October thisafternoon,

After some ups and downs during and following the ECB press conference (see more below), German yields ended the day roughly unchanged.

Gold remains heavy as it trades at fresh 2014 and 4 year lows.

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

The pair closed in NY Thursday at its intraday low of $1.5826 after rate had been pulled lower by

Fresh 2014 and 2 year lows continue for the pair as bears remain firmly focused on the 2012 low with