Forex Analysis

FX Daily

In the euro area the main event today will be the release of money supply M3and credit data for August.

German yields ended the day marginally lower yesterday, but US yields jumped on the back

The pair closed in NY Wednesday at $1.2780 after rate was pressed through barrier support at $1.2800 during the NY morning,

The pair closed in NY Wednesday at $1.6335 after rate eased off earlier recovery highs of $1.6414 to a low in

The pair sits 61bps lower on the day at $0.8824 after the RBNZ Governor Wheeler issued an

The pair started at Y109.04 in Asia Thursday, the euro-yen cross at Y139.36, extended gains to session highs of

While a decline in a German September business index and easing talk from Draghi leaves the Euro in a downward bias to start today,

The Swiss sits poised above a fresh downside breakout point on the charts,

Apparently the Yen decline has stalled, as the overall global economic outlook has deteriorated recently and

The Dollar remains within close proximity to its recent highs despite suspect US data results.

The Canadian remains off balance primarily because of residual fears of slowing in China and

The Pound continues to claw out minor gains because of a lack of alternatives.