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Market Wire Update:
Major pairs have consolidated ahead of the U.S. Calendar. The 07:00 EDT futures market momentum that comes as Chicago gets up and running may allow for some breaks, and they may be Usd weakness, following global equity market trade holding in the positive.
A very quiet session of trade that has respected the importance of the upcoming U.S. calendar. We are expecting movement, but only in reaction to the 08:30 Durable Goods numbers, the 10:30 EDT Oil Inventory report, and the 14:00 EDT Beige Book minutes from the Federal Reserve in regard to the FOMC meeting.
Asian and European equity markets have held in the green, and as such offer the chance to see Usd weakness if Wall Street trade holds the same pattern.