Euro zone CPI data this morning came in mixed, nevertheless EUR/USD is trading near the highs of the day just underneath the critical 1.3670 resistance level.


Later on we expect the Chicago PMI. This will hopefully bring some movement in the USD related pairs. USD/JPY and EUR/USD trade in a very narrow range since this morning.


Sterling bounces between 1.7000 and 1.7060 against the USD on Monday. At the midday fixing cable jumped 30 pips in a few minutes - there is still a lot of demand for GBP at these levels.


No action in the Swissie so far today.


The yen hit a new high for the month against the Greenback but gave back most of the losses since then.


Canadian GDP came in at 0.1% versus 0.2%. USD/CAD rose after the data and the loonie was also lower against the other major pairs.


The AUD/USD drifts lower on Monday - in-line with our technical forecast from this morning.


The NZD was the loser of the day in the asian session this morning. The reason behind the move were disappointing building permits from New Zealand this morning.


Gold trades sideways on Monday in a very quiet market so far.