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USD Mid-day Analysis

The Dollar remains off its recent highs in anticipation of some fresh stimulus from the ECB followingtoday’s meeting.

Reports that August Canadian auto sales reached new all-time highs should help to

The Pound remains in a wounded chart condition this morning and that might be the result of

The EUR has been well supported, regardless of weaker business activity in August.

EUR/USD is testing its key support at 1.3105(06/09/2013 low).

Today’s highlights: EURUSD needs to hold below 1.3221 to

It is difficult to pin down what is exactly priced for today’s ECB meeting.

EURUSD held on to late NY gains at 1.315, USDJPY has weakened slightly to 104.8 post BoJ while the AUD edged marginally higher to 0.935,

EURUSD: We probably have to pass today’s main event, ECB, beforeany major move will take place.

Aussie will not break down from a perceived 6-month top/consolidation.

We got a push overnight to the mid 105’s as expected but the rally out of the triangle still looks incomplete.

Last week’s hourly bear triangle did not produce the expected decline but