The strongest and weakest currencies as North American traders enter for the day

January 26, 2016: CAD is the strongest. CHF is the weakest.

The snapshot of the strongest and weakest currencies as North American traders enter for the day, shows the CAD as the strongest. The CHF as the weakest. Crude oil is up to $30.30, after being as low as $29.25. Talk of possible production cuts have influenced the action.

The USD is mixed up. Down the most against the CAD. The GBPUSD and USDJPY and NZDUSD are little changed. It is up against the EUR and CHF.

Volatility - as measured by looking at the trading range vs the 22 day average trading range - shows that the EURUSD has only a 55 pip trading range. It is trading near low levels as the stocks rebound has the effect of lowering the EURUSD. The USDCAD is has seen the action in it's pair, nearly mirror the average trading range over the last month of trading. It is also trading near the low extreme. In fact most of the pairs are near extreme levels.

Case Schiller. Richmond Fed, Consumer confidence, Flash Services PMI are the releases. The FOMC decision tomorrow, followed by the RBNZ decision. US stocks are little changed in pre-market trading.