Apart from some fat-finger mis-hits on USD/CAD, it’s been another very quiet start to the FX trading week. As someone in the FXWW chatroom just noted, there’s about as much chance of a vol breakout as there is of England winning the world cup!
Oh dear.
Our patience will continue to be tested but we must continue to wait for our levels and not be forced in rash market-chasing trades.
It’s a public holiday here in Australia today which won’t help matters.