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.

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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.

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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

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

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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.

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