From time to time markets are expressing caution and uncertainty at the same time as they wait for new steps. Under such circumstances, the dollar did not show any significant moves.
But do not be misled by this quiet period when the moves are imprecise and hard to predict. But at the same time they can be of great importance, however, can be repeated from time to time.
During the last hours the Canadian dollar rebound from some highs but did not lose its uptrend against the leading currency.
Same situation can be observed with gold, although its current bearish correction seems to be reversal.
The euro, the pound, the Swiss franc, and the yen did not change their price trend. The yen has lost some of its interest as currency is trading at its junction with the dollar, and its daily price range does not exceed 20 points.
Last hours are decisive for Europe as Ben Bernanke, the Fed’s chairman, will announce about the following steps. And this event will end the market calm.
The rest of the day does not seem to change the current situation much. The data released on consumption and personal income is not so impressive. The same can be said towards weekly jobs requests in the USA.
Dow Jones should illustrate what will happen to the currencies. The index gained just 10 points. But we recommend not relaxing as all good things come to an end.

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