Forex Analysis

CAD Mid-day Analysis

A pattern of lower highs remains in place and some initial weakness in crude oil

Like other currencies, the Pound is showing some corrective bounce this morning

Yesterday the Dow Jones index of shares climbed 0.4 percent and

The pair closed in NY Tuesday at $1.5519 after rate had extended its recent easing following

It was a quiet session for the AUD/USD this morning with onshore bonds market observing a shortened Christmas Eve session.

The pair started the Christmas Eve session at $1.2172 as it continued to pull back from

Limited flows seen in the JPY this morning with dollar-yen rising close to its overnight highs but failing to break.

The Euro sits just barely above its recent new low for the move and

Like the Euro, the Swiss looks set to slide in the wake of residual Euro zone growth fears,

We see the Yen in an entrenched down trend channel pattern but a major flare up

The Dollar enters the Tuesday trade sitting just below fresh new highs for

Surprisingly the Canadian Dollar has managed to respect the mid-December lows and