Forex Analysis
USD Mid-day Analysis
The Dollar has found its footing after yesterday’s midsession slide, but still has some way to go in order to find the grinding upside momentum seen earlier this week.
Morning FX Market Commentary
Dollar under pressures as fiscal issues got center-stage Fears about a US government shutdown and/or technical default as the debt ceiling is almost reached put the dollar on the defensive.
The Global Macro Pulse
Overnight Price Action USDJPY spiked from a low of 98.27 to 99.11 before paring gains to 98.78. According to Bloomberg,
FX Daily
Market movers today * With the deadline looming on Monday focus in the US will continue to be
EUR Mid-day Analysis
The December Euro has put together a reversal from a weekly low this morning, and is starting to make some headway with recovering from its post-FOMC pullback.
CHF Mid-day Analysis
The December Swiss was able to recover from early pressure this morning, but remains range-bound below the 110.00 level early in today’s trading.
JPY Mid-day Analysis
The December Yen continues to benefit from safe-haven flows this morning, and has climbed to a new weekly high early in today’s trading session.
USD Mid-day Analysis
The Dollar is finding moderate pressure this morning after failing to post a higher high during overnight trading. While a positive daily result today would be a fifth straight “up day”,
Morning FX Market Commentary
Euro hit by mild profit taking The inability to eke out more gains following the post-FOMC bounce gave way to mild profit taking yesterday.
FX Daily
Market movers today * In the data calendar focus is on durable goods orders and new home sales in the US.
USDJPY – still awaiting confirmation of Thursday’s reversal
Friday we raised the case that a higher close would offer bullish confirmation of Thursday major reversal but there was no follow through.