Forex Analysis

CAD Mid-day Analysis

A series of lower highs, ongoing declines in oil prices and the lack of a definitive bounce in

With the BOE suggesting that economic travails in the Euro zone are taken into consideration on policy decisions,

Lower US yields led the USD to weaken even as equity markets continued to fall.

Euro area finance ministers will today meet at 14:30. The main topic will berecommendations to member states on fiscal and economic policy.

Bond yields continued to fall on both sides of the Atlantic on continued growth concerns and weak risk appetite.

The pair opened at $0.8689 and ran into early selling pressure, due to worries about commodity prices and

The pair closed in NY Friday at $1.6076 after rate recovered off a session low of $1.6009

The pair started this morning at $1.2632 after a $1.2605 to $1.2671 range during the US hours on Friday.

A day of steady gains for the JPY this morning despite the closure of Japanese markets for the Sports Day holiday.

A striking feature in recent times has been the divergencebetween the confidence of businesses and consumers.

Last week’s releases completed the suite of confidencesurveys for the latest quarter.

How USD and oil prices relate? What drives the relationship? What to expect going forward?