Forex Analysis

FX Daily

US markets are closed due to Thanksgiving.

Core bond yields edged further down yesterday. The German 10-year yield descended by 1bp to 0.74%,

The pair recovered off European lows of $1.5679 on Wednesday with a sharp move back through $1.5700,

The pair fell to a fresh 2014 low of $0.8480 last night, also its lowest in about 4 years,

The pair opened at $1.2506 after soft US data overnight allowed the single currency to

A day of relatively narrow ranges for the JPY as players stay on the sidelines ahead of the US Thanksgiving Day holiday and

While the Euro is starting off slightly under pressure today one might have expected the currency to

The technical short covering effort in the Swiss has probably run its course especially with

The corrective bounce in the Yen is merely taking the form of a sideways consolidation move and

The Dollar bulls have to be a little discouraged with the totality of the action in the Dollar over the last 24 hours.

Up-trend channel support in the December yen is seen today down at

We are impressed with the initial action in the Pound today as it has managed to