Forex Analysis

CAD Mid-day Analysis

The Canadian continues to forge a general pattern of higher lows and

While the Pound has built a significant consolidation zone on its charts,

Czech Governor Singer’s comments support the koruna. The NBH to keep its base rate unchanged

The Bank of Canada notes in its latest statement that “as the economy reaches its full capacity in the second half of 2016,

NZD led declines in G10 FX, down 0.5% to 0.781. AUDUSD resumed its downtrend to 0.858.

Details on the German Q3 GDP numbers are released today and focus will be on how much private consumption grew last quarter.

German bond yields headed higher for a change yesterday, while the curve steepened a bit.

Strong dollar demand pressured cable to European session lows of $1.5628 on Monday,

The pair traded in a $0.8602 to $0.8642 during the US hours last night and found support off that low as it headed into the NY close.

It’s been a relatively muted session for the euro with the single currency mostly trading lower

JPY witnessed another round of early weakness vs. the dollar as it dropped almost as far as its recent 2014 low before recovering fairly strongly.

The Euro is extremely oversold and is seeing the temporary benefits of technical balancing.