Sitting on hands leads to numbness and little else in FX

We remain sat silently and patiently awaiting that next BIG thing... The joke may well be on us for living in hope...
Personally I don’t believe that anything Earth shattering is going to happen before the end of this year, certainly nothing worthy of shaking this market out of its current coma. Yes, we have a US election in roughly three weeks time, but you know, I don’t now see this as a game changer before the new year, irrespective of who ends up getting the popular vote. Last night’s third and final debate seems to have gone Obama’s way, with “exit polls” claiming a majority win for the incumbent. The effect on the market? None.

Data on the day will give us little if anything to go by, save of course for the Bank of Canada rate decision later this afternoon. BoC's failure to be dovish should see the nearing 100 and 200 daily moving average hold once again on another attempt and lower we’ll drift. However if BoC Governor Mark Carney all of a sudden changes his tune of recent months the pair may well blow the doors off the hinges as between here and 1.0030 there is nothing but daylight and of course the obligatory stops.

EURUSD, Cable and AUDUSD remain range bound, and almost trading a range within a range if that makes any sense. Levels on these remain as per most of last week and certainly as of yesterday.
That is in EURUSD, stops are said to be sat below 1.3017, with good bids coming in at 1.0275/85.
In the Cable the main line in the sand remains 1.5975/80 and only a real solid shift higher in the EURGBP should trouble these levels, otherwise, the topside is confined by decent offers into 1.6050 and above.
In the AUDUSD, 1.0280 has good bids (that were tested this morning) and little else by way of orders elsewhere. Offers that were previously evident into 1.0330/50, seem for the time being to have been pulled and few if any really want to get involved at the moment.

In the crosses, it’s a mixed bag and I leave them well alone.
On Gold, well... it’s been a healthy move lower as Echange Traded Fund positioning has been cleared out and thus had a direct impact on the spot price. We continue to challenge support/bids into the 1710/15 area, with stops below, which if triggered will see us trade into the 1685 zone. Price action remains whippy and thin with for now a definite offered bias.

Helmets on and good luck.