Forex Analysis

FX Daily

Market focus will continue to be on the developments in Ukraine.

Markets got spooked by the developments in Ukraine. Recent moves lower in safe haven yields continued and

The pair had a lackluster session this morning after it had closed in the US at $0.9357.

The pair closed in NY Thursday at $1.6588 after rate pulled back from an extended recovery to $1.6615 to

The pair started in Asia at $1.3181 this morning after a $1.3160 to $1.3189 range during the NY hours last night.

The pair opened at Y103.72 this morning and was under some pressure in early dealings as euro-yen and

EUR/USD – NEUTRAL BIAS – (1.3050-1.3400).

A decline in Euro sentiment to the lowest levels of 2014, renewed Russian incursion reports in the Eastern Ukraine and

The Swiss forged a quasi-upside breakout on the charts overnight by temporarily violating a down-trend

The Yen has forged a higher high on the charts overnight and it appears as if money is flowing to the Yen

Despite fresh evidence of slowing from Germany and a downtick in Euro zone Consumer Confidence,

The Canadian appears to be short term overbought and in need of a slight corrective dip.