After a slow start on Sunday night volatility has finally arrived in the Tuesday London session and the "valley" between London and New York. Expect increased action from here as SMART MONEY sets up for the news release tomorrow.
EUR USD-Euro still trading in a range after moving up yesterday and correcting overnight. We are still bearish. Rangey price action expected.
GBP USD-Pound moved down into London and then made a move up this morning heading into New York. We are still bearish but we expect back and forth ranges.
AUD USD-Aussie moved up this morning after back and forth price action in a tiny range. We are still bearish Aussie.
USD CAD-After forming a base on Sunday night Loonie took went north 200 pips and now is moving down in a correction. We are bullish Loonie for now. Expect continued volatility as Loonie may head back to the 13 year highs.