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CHF Mid-day Analysis

Not surprisingly another new low for the move was seen in the Swiss overnight.

Surprisingly the Yen has remained weak this morning despite talk of

Once again the Dollar has forged a fresh higher high and that pulse up

The Canadian Dollar is simply oversold and showing some corrective bounce,

It is not surprising to see the Pound into fresh new lows for the move this morning,

Hard Hungarian macro figures very solid in November . The Czech koruna weakens on CNB’s dovish talk.

EUR/USD has broken its support at 1.1877 (07/06/2010 low),

Dark clouds have continued to mount for the Euro Area, putting pressure on the EUR.

EURUSD: The pair continues to dig deeper into the broad 1.1640/1.1876/1.2042

The oil price continues to be the main focus. Yesterday the price steadied after the recent slide.

While you were asleep Oil prices (Brent front contract) briefly fell below USD 50/bbl for

Gold bulls are currently losing the battle with the long term