The EUR USD is trading in a tight range as traders await the results of the Spanish auction due to begin in a little more than 2 hours. The 60-minute chart offers an excellent perspective of what traders are facing at this time.

The U.S. Dollar finished the first full session back from the holiday week-end by posting gains against most major currencies. Risk aversion was the theme today as traders punished the Euro and the commodity linked-currencies while seeking shelter in the Japanese Yen and believe it or not the British Pound.

The June E-mini S&P 500 has stopped three times at 1088.75 since Friday. A breakout through this price could trigger a sharp rally.

Chart pattern suggests weaker USD CAD. Gold could be fueling the Canadian Dollar rally.

The USD JPY main trend on the daily chart turned down on the daily chart when the market broke through the last swing bottom at 90.08.