Forex Analysis

FX Daily

A very quiet day on the data front with US existing home sales and

Core bond yields reversed much of their increase from the previous day on Friday,

The pair closed in NY Friday at $1.5626 after rate was pressed to lows of $1.5605 post London fix before

The pair started this morning with a spike to $0.8169 but then pulled back to around

The pair started today’s session at $1.2225 after a $1.2220 to $1.2302 range on Friday night in the US.

The pair ended Friday’s session at Y119.54 and started the new week with a mild uptick to Y119.58.

USD bullish sentiment has softened, with today’s data marking the fourth consecutive week of a narrowed USD long position.

No holidays for central banks The sharp decline in oil prices is putting a lot of pressure on central banks.

The Euro is showing renewed weakness and the prospect of a lower low

The move to negative interest rates earlier this week has facilitated fresh weakness in the Swiss,

A fresh downside breakout overnight rekindles expectations of a resumption of the downtrend pattern.

The Dollar starts out higher today and within striking distance of the old high.