During the session on Monday, the economic calendar is all but empty, so truthfully it should be a very technical session. Obviously, by now you have heard about the UK election, so therefore avoiding the British pound will probably be the most important thing you can do.
USD/CAD
The US dollar continues to consolidate against the Canadian dollar, with the 1.3550 level offering an area where put buyers are getting involved, and the 1.34 level underneath offering an area where buyers are getting involved. This consolidation looks likely to continue.
USD/CHF
The US dollar rallied against the Swiss franc during the session on Friday, but quite frankly there is a significant amount of resistance just above, and it’s likely that the sellers will be attracted. We are in a downtrend, so it’s always better to go with that overall pressure to begin with.
WTI Crude Oil
The WTI Crude Oil market has fallen significantly over the last several weeks, and now looks like it is finding a bit of support at the $45 level. If we can break down below there, the put buyers will go into overdrive and start pushing much lower. Alternately, we could get a bit of a rally, but that should only offer a selling opportunity near higher levels, such as the $47 level.