EURUSD The sell off from the neckline of the large Head and Shoulders top formation above it hasn't been particularly aggressive so far, but the littlle rally attempt today has been severely knocked back. DXY hasn't quite finished unwinding the recent overbought condition after a recent near 2% spurt (see comment) and will likely move sideways to mildly down...
USDCAD: USD beginning to break down and has a lot further from here to run. Look to short USD rally as per comment
1. IMO Dudley tipped to the dovish side, especially on key inflation highlighting that it is " rising again, but still low". Other rhetoric reaffirmed much of what has been said post the brexit vote e.g. Uncertainty being the biggest factor. 2. Meanwhile, Williams was notably more upbeat/ optimistic, shrugging off the US's shock miss NFP report to instead...