Forex Analysis

The Global Macro Pulse

USDJPY rose to 115.05 while EURUSD is at 1.2427, basically flat to its overnight lows.

It is a very quiet day on the data front with most important news coming out ofSweden.

German bonds surrendered early gains to end with some losses yesterday, while US Treasury yields saw a bigger upward move.

The pair closed in NY Monday at $1.5844, just off its intraday low of $1.5841,

A generally range-bound session for the pair this morning in the Asia-Pacific session,

The pair traded in a $1.2419 to $1.2496 range during the US session last night before it closed at $1.2421.

The pair opened at Y114.83 this morning after peaking at Y114.92 during the US hours overnight,

Recent monthly economic indicators and business surveys show continued moderate global economic growth

Business conditions rose by 12 points to +13 in October, the largest monthly increase in the history of the survey.

After seeing the non-reportable positioning in the Euro hit a fresh all-time record short reading it wasn’t surprising to

Like the Euro and Yen, the Swiss is temporarily benefiting from slightly disappointing US non-farm payroll result.

A normal retracement of the last month slide in the Yen could allow for a recovery 89.79 but