Forex Analysis
CHF Mid-day Analysis
As the Syria chemical weapons US lead military response continues to calm down, the Franc is losing its safety luster.
JPY Mid-day Analysis
The Yen is once again pushing the lower end of its four day trading range. It is indicative of a market that ready to fall apart.
USD Mid-day Analysis
Concerns over a possible US military strike on Syria are once again starting to fade. Comments by Secretary of State Kerry that a Russian proposal where by Syria would give up
Morning FX Market Commentary
EUR/USD supported by positive headlines on Syria With the dollar in the defensive in the wake of a disappointing US payrolls report, EUR/USD profited from positive headlines on Syria.
USDJPY – Friday’s bearish outside day supports more weakness
Even with the break of downtrend resistance neat 99, our concern is that we have not seen the end of this bullish triangle yet.
EURUSD – 1.3207 then 1.3223 key to signaling a bear trap
We keep harping on 1.3207 being an important level; it was a key pivot high in July and then a key pivot low in August.
EUR Mid-day Analysis
The Euro this morning is continuing its Friday’s bounce higher. Europe’s Sentix Investor Confidence number came in with a positive reading of 6.5.
CHF Mid-day Analysis
The Swiss Franc is showing very little movement so far in today’s session. Swiss Retail Sales were a disappointment coming in only 0.8% higher than a year ago.
JPY Mid-day Analysis
The Yen opened Monday’s session with a large gap lower almost wiping out Friday’s session losses. An opening such as this shows market disappointment with Friday’s price action;
USD Mid-day Analysis
After starting Monday’s session on a positive note the Dollar has turned negative. Fears of the US going into Syria and Friday’s disappointing jobs data continue to weight on the Dollar.
Morning FX Market Commentary
Dollar digests weak payrolls rather well US payrolls disappointed markets. The dollar lost some ground against the majors, but as in other markets losses were technically not relevant.