Ranges respected as market awaits Brexit......>

FOREX: Ranges respected as market awaits Brexit clues

-Most major pairs traded well within the week's extremes Tuesday, with little

data, newsflow, or speaker flow to nudge prices convincingly in either

direction. This keeps focus on the key votes in UK parliament later Tuesday, at

which UK lawmakers are expected to support the PM's Brexit plans 'in principle'

but the second, more important, vote will be much closer. The second vote on the

timetable of Brexit could easily go against the government, which would force

the PM to scrap the withdrawal agreement, concede an extension is required and

immediately adopt election footing for a vote before Christmas. Results are

expected at around 1945GMT/1445ET.

-Canadian data painted a mixed picture, with retail sales missing expectations

and providing some support for USD/CAD before gains were reversed on a better

BoC sentiment survey. Firmer oil markets remain CAD supportive, with WTI crude

higher by as much as 1.5% Tuesday.

-French business/manufacturing confidence data is due Wednesday, as well as

Canadian wholesale sales and Eurozone consumer confidence.