We enter the new week with the Euro still very much locked in a tight multi-day consolidation predominantly defined between 1.3000 and 1.3300. This will be the key market to watch going forward and a sustained break above 1.3300 or back below 1.3000 will be required for a clearer directional bias. A break on either side will likely shape the fundamental landscape of the markets, with a push above to result in some risk positive price action which will favor broad based bids in correlated currencies like the commodity bloc, along with other assets like global equities. However, a break back below 1.3000 will be viewed ... (full story)