Forex Analysis

USD Mid-day Analysis

A pattern of higher highs and higher lows leaves the bull camp with a technical edge.

An extremely disappointing Canadian manufacturing activity reading for

A breakdown in the 1 1/2 month up-trend pattern has been seen

In FX, the USD retreated, led by a 0.8% rally in AUD following RBA’s decision to

Today’s calendar is very light. In Germany retail sales for January will be

The euro fell slightly against the USD yesterday.

The pair closed in NY Monday at $1.5366, off the day’s lows of $1.5352,

The pair started this morning in Sydney at $0.7766, toward the low end of

EUR/USD opened in Asia at $1.1184, toward the lower end of

USD/JPY opened in Asia at Y120.12 this morning, at the high end of the Y119.50 to

With a fresh lower low for the move in the Euro overnight it would not

A decline below the 100 day moving average and