Low volumes today due to labour day in the US.
EU law maker for the eurozone did highlight that according to Draghi buying 2 and 3-year bonds didn't currently contravene the treaty and does not constitute state aid. We could easily see some more movement on this tomorrow when the US market returns and we get more volume.
Apart from that, a very quiet day with little to add, our NZD/CAD trade started to play out well now c60 pips in profit.
EUR/USD
EUR/USD popped slightly higher on the news out of the ECB, but lighter volumes didn't really give it any momentum. Eyes (ears and everything else) will be focused on Thursday's meeting. We have another rejection of higher prices but given the low volumes I wouldn't take this as a significant pin, although that said, a price retrace could be on the cards. If we get this I would be looking for long entry signals on the 4-hour or daily.
GBP/USD
Currently at resistance again, potentially a good pair to consider playing a breakout on although I'd prefer another test of support to put in a good pin bar before going long.
AUD/USD
Dipped lower from Friday's pin today, hitting T1. Nice little trade, would watch stops carefully as a strong push up in the EUR/USD could result in the aussie (and risk-on pairs) pushing higher with it.
USD/JPY
Essentially like many of the other pairs did very little today. Hovered around its Friday close price not really willing to do anything.
GBP/JPY
Pair pretty much flattened out today, still looking for a break of the 124.80 / 125 handle. The small pin formed today again suggests price is struggling to push lower, however without a break to the upside this is looking weaker.
NZD/CAD
Pair hit T1 today, with a strong move lower. Can now move stops lower to lock in some profit and ensure the trade is risk free.