The British pound has broken under the May low at 1.9676, negating the bullish setup and indicating additional bearish potential.

Currency strategist Boris Schlossberg analyzes the major currencies for the week of June 11.

The New Zealand dollar dropped more than 100 points at the start of Monday trade when the Reserve Bank of New Zealand confirmed that it intervened in the foreign exchange markets.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for June 11.

Todd Gordon feels the pain of missing a 180-point drop in the British pound.

The Canadian markets were in for a wild ride Friday. A global rush of risk aversion and a full economic calendar stoked volatility but did little for providing any definite direction for the markets going into the week.

For the past few months, we have either seen carry trades follow the ebb and tides of US stocks or the reverse.

The major piece of fundamental risk this week comes next Thursday, when the Swiss National Bank will announce their decision adjustment to the 3-month Libor target rate.

While the economic calendar was offering up the monthly trade account to fundamentalists, the dollar’s strength seemed to originate more from a global swell of risk aversion.

The third largest steel maker in China seems to be headlining news today following allegations that the company participated in price dumping in order to boost export in the US and gain significant market share.