Forex news for North American trading on January 9, 2018


  • Gold down $7 to $1313
  • WTI crude oil up 95-cents to $62.89 per barrel
  • US 10-year yields up 6.7 bps to 2.55%
  • S&P 500 up 8 points to record 2755
  • JPY leads, CHF lags

Currencies made some solid moves in Asia and Europe but generally ticked sideways in North American trade aside from weakness in the commodity bloc.

EUR/USD skidded along the lows, hitting 1.1916 before a small recovery to 1.1932.

USD/JPY tried to form a double bottom at 112.50 but failed after a wave of selling into the London fix. That subsided afterwards and it ticked back to 112.66.

Cable was also soft before the fix and hit a session low of 1.3506 but has since steadily climbed to 1.3533. That's just below an intraday resistance level at 1.3542. That will be a spot to watch in the hours ahead.

USD/CAD made an impressive stand despite the downward momentum and the rise in oil. The pair climbed above the 61.8% retracement of the jobs drop. That was also a minor double top. It continued up to 1.2478 and is trading at 1.2464.