Fundamental

Who is Kevin Warsh? And what will he do to the Fed? These questions are keeping speculative interest awake at night, and are one of the main reasons for the latest market choppiness.

The US Dollar (USD) is in better shape on Tuesday, grinding higher against most major rivals across the FX board. The EUR/USD pair trades in the 1.1820 region, falling to its lowest in over a week. The USD benefits from a cautious market mood that follows the long weekend in the United States (US).

The light sweet crude oil market started out the day on the back foot, but at this point in time, it continues to see buyers fighting to keep the market elevated. Are we starting to form the summer range?

The USD/JPY pair continues to see a bit of support below, as we are trying to sort out whether or not the 152-yen level will continue to hold the market up.

The US dollar rallied slightly against the Loonie as we see a major bottom tested near the 1.35 level. At this point, the markets are trying to continue to hold onto the range that we have been in lately.

The euro was very noisy on Monday, as traders continue to try and sort out where the currency pair is going. Keep in mind that the Swiss National Bank is watching very closely how the Franc is behaving.