Most are just consolidating into a new range. The London was very quiet with very little volume . When it’s like this, I see either trading range tops / bottoms, or not trading at all. The Economic calendar is also not heavily weighted this week. So, unless there something that changes market sentiment in a big way, like a big bull or bear candle, then ranging is what I’m anticipating.

 

Meanwhile, the U/CAD is making an attempt to drift higher on a “break and return”, and the return part of that needs to bottom out @ 1.0750.

 

There’s very light volume in the DOW and S&P and the trend traders are buyers currently. Still, those markets look top heavy and a correction may be due which would historically send the USD higher. Also, am being very wary of carry trade plays.