A somewhat quiet start to the week, as the....>

FOREX: A somewhat quiet start to the week, as the market looks to a full week of

news, data and announcements. Starting with BOJ Tuesday, FOMC Wednesday, BOE

Thursday, Fed nominee on Thursday and NFP on Friday. The Catalan situation seems

to have calmed which did add some  weight on the dollar. The dollar did come

under some pressure against safe havens (chf, yen and XAU), as a Bloomberg

source story reported that they may phase in corporate tax plan over 5 years.

- AUSSIE: After having a tough previous week the AUD had a decent start to the

week as XAU led the pair. As the pair bounced off its intra-day low of $0.7656

grinding towards the session highs of $0.7688

- YEN: Was in demand as traders continued to turn to yen

and gold as a safe haven. This came as a Bloomberg story reported the tax plan

maybe phased in over 5 years. The pair printed  session lows

of Y113.05, before paring losses and grinding towards Y113.25.

- Euro: The release of weak German CPI witnessed eur/usd drop from $1.1635

towards $1.1600. Dollar pressure combined with eur/yen demand saw the rate print

new session highs of $1.1646.