The markets carried over greater market activity this past session with the VIX clearing its two-month descending channel and the S&P 500 extending its slide; but systemic trends will still be difficult to form from here. Yet, that doesn’t preclude volatility in ranges like the Dollar-majors or from event risk like a BOC hike.

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The high-flying Dow has pulled back to support at a prior swing-high, and the Nasdaq is brewing a double top formation.

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The Bank of Canada rate decision is on tap for Wednesday, and there is debate around what the central bank intends to do with its policy. USDCAD will be a focus for many monitoring this higher profile event, but there are probably more volatile Loonie crosses to follow.

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Precious metals put in a strong month of November but surprisingly, Silver has shown stronger bullish structure of late.

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South African GDP beats estimates driving USD/ZAR back to a key level of technical support that could influence the short-term move.

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