Today is another quiet day without any tier one datas, as mentioned, things are very quiet for this week but we do have FOMC minutes for tomorrow and FED members speak, which should provide some movement for the market.
We also have BOE Carney speaks on Thursday, which will give us some direction as where the future of GBP is. Crude oil inventories is coming out as well, this can be a tradable event if we have deviations, and it depends on how the WTI reacts and the newest updates fro OPEC at that time.
Then core PPI and retail sales from US are coming out for Friday.
Other than that, this week is really quiet and hopefully things will pick up later on.
Sentimentally, WTI had a small retrace today and is still around $50 and OPEC discussion continues.
Equity markets were largely red, a risk off sentiment day.
Comments from RBNZ as they still need further easing to boost the inflation, this of course is a negative comment for NZD, but generally a risk off day like today, we should see all commodity currencies go down.
Reuters Poll said that BOJ should hold off further stimulus until 2017 unless we see any spike up in JPY, and since USD is getting very strong nowadays, we might not see that.
No significant news in Euro and CHF and of course GBP continues to be under pressured from hard Brexit.
Major news in US are still about the presidential election, but the general sentiment for US dollar has been very positive.
CAD also had no major news, but is loping to be more positive nowadays ever since the WTI climbed up to $50 and also possible output cap agreement from OPEC. We also have positive housing data for Canada today which could add on more positive sentiment.