Forex Analysis

The Global Macro Pulse

EURUSD rose slightly to 1.2825, and USDJPY and AUDUSD are steady at 106.09 and

When I wrote about near-term yield targets for German and US yields on Tuesday,

The pair opened at $0.8829 this morning after trading up to $0.8860 during the US hours last night.

The pair opened this morning’s session at $1.2838 after it traded a high of $1.2887 overnight in the US due to the sharp US dollar losses.

The pair closed in NY Wednesday at $1.6007 after rate had seen an aggressive spike rally to $1.6068,

The pair opened at Y105.92 this morning as it recovered after a hefty overnight drop to a Y105.20 low.

Widespread fears of slowing grip the marketplace and that leaves the bias pointing downward in the Euro.

While the chart looks a little negative to start this morning, talks between Russia and

Seeing the Yen top out and reverse this week suggests that global economic anxiety is set to cool somewhat.

A higher high overnight in the Dollar was seen off residual global slowing fears,

The Canadian continues to be the whipping post of the currency markets.

If we had to buy one currency against the Dollar it would be the Pound as its economy remains the most solid outside of the US economy.