Forex Analysis

FX: enough is enough?

Oil price fall, close to major falls historically, coming to end. Can we expect another great year for USD? Sniffing the bottoms…

Bullish USD positions continue to be built, with increases in the net short EUR, CHF, GBP, AUD and

Although the Swiss National Bank (SNB) has announced it will impose negative rates on

The Euro is modestly higher today on what has to be technical short covering

A minor bounce in the Swiss overnight appears to be primarily technical in nature.

The Yen is seeing some additional short covering action in the wake of news

The biggest surprise this morning is the lack of another new high for

The Canadian has only managed a sideways consolidation effort following

The March pound has actually rallied enough to violate some

Czech inflation slips back to zero challenging the CNB

The main event is the US employment report for December.

While you were asleep Brent oil traded above USD 51, holding on to gains after the price briefly dropped