A relatively quiet Tuesday for announcements, but there is still some important information set for release.

The EUR/USD ebbed and flowed the trading session, rising as far as $1.22954 early, before weakening midway through the session to $1.22341. It then rebounded off those lows to eventually reach a session high of $1.22964. It is currently trading at $1.22887. The GBP/USD pair was far more stable to the point that it was reasonably flat. It reached session highs of $1.38761 before dropping to session lows of $1.37948. It has since recovered somewhat to be trading at $1.38361.

The Dow had a strong session of trading, finishing higher for the session. After falling to a session low of 24,250.20, it steadily gained momentum throughout the night, reaching a session high of 24,761. It is now trading at 24,550.30. The Dax was mainly flat throughout the session. After hitting session lows of 12,218.15 early, it recovered to reach session highs of 12,379.90. It has come back off those highs slightly, trading at 12,350.15.

Looking at the day ahead and the most significant data set for publication today is the UK CPI data. As the UK continues through unstable times amidst Brexit negotiations, economic results come further into focus as markets look for signs of economic strength. Other data set for release today includes:

Japan – Prelim Machine Tool Orders

Europe – French Prelim Private Payrolls, Swiss PPI

NZ – FPI

UK – PPI Input & Output, RPI, Core CPI, HPI

US – NFIB Small Business Index, FOMC Member Loretta Mester speaks

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