While I hold some core positions that are US Dollar bullish, for those looking to trade the markets today, I recommend staying on the sidelines to await a clearer signal for Tuesday. A combination of Japanese intervention, ongoing EU volatility and end of month flows make for a very tough session of trade and we feel traders will be better served standing aside.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.
