Forex Analysis

CAD Mid-day Analysis

Like the Pound, the Canadian is deriving some spillover lift from overt weakness in the Yen,

The Pound is drafting some support from overt weakness in the Euro, Swiss and Yen.

In terms of data releases we have a quiet day ahead of us.

Yesterday was a day of recovery for the rouble but we expect volatility to remain high.

The pair closed in NY at $1.5668 with the pound having enjoyed a positive session,

The pair closed in NY Thursday at $1.2285 after rate extended lows in NY to $1.2266 with

The pair heads into London trade near the top of its 0.8154/0.8192 Asian range as risk on sentiment dominates trade.

The pair opened at Y118.84 having dealt a NY range of Y118.58 to Y119.31.

We reckon that, on a quarterly basis, GDP growth is peaking around now.

The Euro is holding right on the prior session’s lows this morning but the chart look isn’t overly supportive.

The Swiss has already returned to downtrend status on its charts with

The safe haven repatriation appears to have run its course especially given the reversal on