After last weeks melodramatic FOMC minutes release we are expecting trading volumes to be light until next year. Most of the major pairs are trading back and forth in longer term ranges.
Usd Cad-We expect this pair to move higher on weak oil data. A big reversal to the downside is setting up in Usd Cad but we expect more short term upside before the pair finally starts its move south.
Gpd Usd-Pound dollar has been stuck in a range for months. We expect some short term weakness before a reveral to the upside gets underway.