Speculators have accumulated large bets against the S&P 500 in the futures market in recent weeks. Extreme bearish positioning can sometimes lead to powerful short squeezes if the right catalysts emerge.

The U.S. dollar, as measured by the DXY index, slides moderately on Monday, failing to extend its rally from late last week that sparked a bullish breakout, a sign bears may be preparing for a new attack.

The yen has surrendered gains against a rather resurgent dollar but increasing geopolitical risks brings the pair back into focus as. US debt ceiling is the main focus

EURUSD holds above support at 1.0840 for now as weak data gives Euro bulls something to ponder. Where to next for EUR/USD?

Gold is stuck in a small trading range so far with little in the way of high impact economic data to move the dial. A raft of Fed speakers this week may change this.

GBP/USD remains at the mercy of the USD today as US debt ceiling and Fed guidance dominates headlines.

The US Dollar made strong headway to round out last week with Treasury yields moving north but the debt ceiling lingers as a potential driver of market sentiment. Will the USD rally continue?