WTI is pivoting on $39.0 for now, but near term stability seems to be enough to send USD/CAD lower again, with the pair now hovering above 1.3000, though support noted through the figure, which will only really be tested if risk sentiment turns again. European stocks in the green and the S&P futures up small as yet, so all in the balance for now, translating into a familiar tight Monday session. The early tone was that of a modest USD recovery, but the greenback has slipped against all majors except the JPY, with AUD/USD moving back into the .7600’s and even Cable reclaiming a 1.4400 handle, though tentatively so a yet.
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