Dollar may find volatility with direction tomorrow as the market prepares for the FOMC minutes and a few noteworthy housing and sentiment indicators.
· Sharp pound reversal triggers retail GBPUSD stops and balances sentiment in the process. · Pound positioning in COT data shows the greatest number of shorts on record. Was today's reversal a sign?
Stories to watch on DailyFX
· Event risk heats up Tuesday. Prepare for the event risk by reading up on the 5 Key Events report. Up first US housing and confidence data, then the FOMC minutes. · See what trade setups are topping the DailyFX Analyts' lists in the DailyFX Analysts Picks section. Send any comments or questions to jkicklighter@dailyfx.com.