For November 19, 2015
Looking at the daily snapshot of the cumulative % changes of the major currency pairs as NA traders enter for the trading day, the AUDUSD is the strongest, while the is the weakest EUR is the weakest.
Dovish comments from Draghi are the catalyst for the EURs decline against all the major currency pairs today.
The greenback is strongest against the EUR today. The EURUSD has moved back below the 1.0700 level and the 200 hour MA and 200 hour MA in the process.
Ranges - a measure of volatility - is lower with all of the major currencies below their 22-day averages.
It is Friday. A week ago today there was the terrorist attack in Paris. There is activity in Mali today. That geo-political risk could lead to position squaring.
The economic calendar for today has Canada Retail sales and CPI at 8:30 AM. FOMC Bullard and Dudley speak today. The CFTC speculative positions will be released (as of the close on Tuesday).
