Currencies are in the forefront. Lately over the last few weeks, the dollar has been screaming higher. Today in the early trade, dollar is slipping ahead of a rate decision by ECB.
Dollar has been extremely volatile overnight against yen after racing to a seven-year high near 115.50.
Currencies of commodity countries such as Australia and Canada have been hit hard over the last few weeks. However, in early trade, today they appear to be heading towards a key reversal.
If there is a key reversal, this will have positive impact on gold and stocks.
Stocks, interest rates, and oil are range bound in early trade.