The beginning of the week looks to be pretty choppy and it may we that we are in for a few sessions of rangebound price action, although there could be some volatile directional movement once the Trump/Kim meeting is done, while traders will also have one eye on Wednesday’s FOMC Meeting. The currencies are offering very little indeed, as are the crosses. It could be whippy early on today following the G7 debacle, with US$Cad looking to be particulalrly interesting on Monday, given Trumps tweets about the canadian PM, Trudeau!
Elsewhere, stocks look to have further upside potential at the start of the week, while WTI seems to have further downside pressure at the start of the week.
*Trade of the day: 6/11/2018 7:40 AM (AET)
*This is a personal opinion only, based on the look of the table below, and carries no guarantee of success.
Range Trade: EurUsd: 1.1600/1.1700
Range Trade: AudUsd: 0.7560/0.7525