When all was said & done Tuesday..............>

FOREX: When all was said & done Tuesday represented a fairly quiet day, with the

USD finishing broadly flat as it was left to the CHF & CAD to provide the

meaningful price action.

- USDCHF and EURCHF have printed multi-year (and post-SNB floor withdrawal)

highs over the past fortnight, but the CHF correction has gathered steam, with

the CHF rising against all others in the G10 FX space on Tuesday. Nonetheless, a

convincing break below EURCHF's longstanding trend line at circa 1.1690 will be

required to confirm any of the recent price action.

- Several BoE speakers failed to move GBP in any material way, despite Vlieghe

confirming that he sees 1 or 2 rate hikes per year for the next 3 years. GBPUSD

tested 1.3500 before faltering and finishing flat.

- USDTRY surged in early Asia dealing but sits well off of best levels. One

source attributed this to the Japanese retail sector exiting the TRYJPY cross.

- Wednesday brings preliminary Eurozone PMI data, the UK April inflation data &

FOMC minutes. Traders will also eye comments from Fed's Kashkari & RBA Gov.

Lowe.