Forex Analysis

EUR Mid-day Analysis

The Euro is tracking lower to start today but one might think the currency will find some support from

While it is clear the trade was unable keep the Swiss down at its late July and early August lows last week,

Apparently the sharp range up effort last week was rejected soundly and some of the flight to qualityinterest in the Yen has waned.

The Dollar has regained some footing off news of softer Chinese commodity imports in July and

Disappointing Canadian jobs figures last week combined with positive economic evidence from

The slow grind lower in the Pound looks to extend in the wake of positive US economic readings fromlast week and

G10 FX rates drifted sideways, with EURUSD at 1.340, AUDUSD testing its Friday highs at 0.9282, and

Markets were once again dominated by growing fear as geopolitical tensions intensified.

A very quiet start to the week with no key data releases.

Aussie saw a quiet start to the morning today, as it opened at $0.9275 and spent the initial hours holding in a $0.9275 to $0.9280 range.

The pair closed in NY Friday at $1.6773, off session lows of $1.6767. Sterling came under pressure through Friday,

The pair opened at $1.3401 this morning, after it ended Friday’s US session at $1.3410 and