Forex Analysis

The euro wallowed near a nine-year low on Friday

A slump in German industrial orders in November and a drop in euro zone consumer inflation

The pair closed in NY Thursday at $1.5087 after rate had recovered off 18-month lows of $1.5034,

The AUD/USD traded between $0.8093 and $0.8131 last night in the US and

The pair started this morning at $1.1793 after overnight losses saw

The JPY ran into early weakness at the start of the session today but reversed direction

AUD/NZD keeps making fresh lows, edging ever closer toward (much-hyped) parity.

The Euro zone economic outlook remains suspect in the wake of news that

Not surprisingly another new low for the move was seen in the Swiss overnight.

Surprisingly the Yen has remained weak this morning despite talk of

Once again the Dollar has forged a fresh higher high and that pulse up

The Canadian Dollar is simply oversold and showing some corrective bounce,

It is not surprising to see the Pound into fresh new lows for the move this morning,