GBP/USD is stuck in a tight range from 1.5514 to 1.5450 and may prove to be a continuation play from yesterday’s early U.K. session rally.
The yen crosses are seeing some upside movement at the moment, with most pairs bouncing off of support levels. Counter trend longs also remain in play as well.
Fundamentals to look out for today: (GMT)
- Swiss ZEW Survey (0900)
- UK CBI Industrial Trends (1000)
- CA CPI (1100)
- US MBA Mortgage Applications (1100)
- CA Leading Indicators (1230)
- US Geithner testifies on TARP (1330)
- US FOMC Minutes (1800)
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