Dollar may find volatility with direction tomorrow as the market prepares for the FOMC minutes and a few noteworthy housing and sentiment indicators.
· Sharp pound reversal triggers retail GBPUSD stops and balances sentiment in the process.
· Pound positioning in COT data shows the greatest number of shorts on record. Was today's reversal a sign?
Stories to watch on DailyFX
· Event risk heats up Tuesday. Prepare for the event risk by reading up on the 5 Key Events report. Up first US housing and confidence data, then the FOMC minutes.
· See what trade setups are topping the DailyFX Analyts' lists in the DailyFX Analysts Picks section.
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