I'm writing this late because I didn't expect much to happen in the markets today. It hasn't. Looking at the economic calendar, the most interesting release will be the German IFO. I am tempted to short the EUR ahead of the release. The high Euro against all of the other currencies should be having more and more of a negative impact on the European Union as time passes. but, even if the release is negative, the EUR/USD probably won't lose too much ground yet. Market sentiment is too much against the US dollar right now so I'll probably sit out for a few days.
For the week, I might look to short the Loonie with a close stop in expectations of the pair weakening in the face of a crude oil retracement.
