Forex Analysis

CAD Mid-day Analysis

The Canadian has forged a technical bounce off the recent lows but we see no reason to think the upside action will be extended.

The slack economic information flow continues with the UK posting slowing August Factory orders data.

As expected, the BoJ’s MPM decided to leave QQE unchanged today.

EURUSD has outperformed, rising to 1.2620, AUSDUSD has edged up to 0.8752 and

The day starts with German industrial production for August and

German bond yields fell yesterday morning, and then moved sideways for most of the day.

The pair started Tuesday’s morning session at $0.8763 was initially confined to a fairly narrow range

The pair started at $1.2655 this morning after overnight losses saw it retreat to a $1.2542 during

The pair opened at Y108.78 after last night’s retreat to a Y108.65 low during the US session.

The pair closed in NY Monday at $1.6084 after rate had tracked euro-dollar’s stronger rally from

The slack data from Europe continues to flow as does the lack of respect for the latest ECB stimulus effort.

The Swiss must be temporarily oversold as it is showing signs of recovery this morning