Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing

$DXY, $EUR, $JPY

Commentary: Sing. closed for holiday PE

Currency Markets US close Monday

US Dollar Index +0.3% at 91.77 -0.31% to 1.2087 -0.07% to 1.3765 +0.26% at 0.9899 +0.17% at 109.22 Unch at 6.332

EUR (Euro) The single currency unit received little support from the German CPI report and continued to trade poorly as stale USD positions continue to get flushed

JPY (Yen) Between correlation shift and breakdowns all the while considering the broader USD impressive run we are still only trading at 109.25. Dealers are looking for more clear signals as everyone to a tee is painting a different picture in USD/JPY these days.

Stay tuned.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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