Forex Analysis

EUR/USD Analysis

It’s also been a quiet start for the euro this morning,

USD/JPY opened at Y119.16, and initially held a range of Y118.95 to Y119.19 in

Following recent sharp falls in oil prices and the related softening in the inflation outlook,

Underpinning the Euro this morning is a positive German industrial output

A minor upside breakout on the Swiss charts probably has the

The coiling pattern in the Yen has become even tighter which

The Dollar has weakened consistently this week in the face of

The Canadian has short covered but we are not sure that the

The 50 day moving average in the Pound sits up at 1.5389 and

FX majors mostly treaded water ahead of tonight’s NFP.

The main event is the US employment report for January, which we expect to show

Oil prices have been volatile recently, but have continued to rise since yesterday morning.