Another busy day for markets, with plenty of data set for publication from around the world.

The EUR/USD was mainly flat during the trading session yesterday. It reached highs of $1.24350 early, then moved in a tight trading range for a few hours. At that point, it dipped to session lows of $1.23682. It subsequently regained most of those losses to be currently trading at $1.24085. Like the Euro, the GBP/USD hit session highs of $1.40487 early, then fell to session lows of $1.39574 a few hours later. It then recovered some of those losses, currently trading at $1.39978.

The Dow peaked early in trading yesterday, reaching heights of 25,357.40. From that point it steadily declined to session lows of 25,068.18. It then piled on more than 100 points to be currently trading at 25,195.20. The Dax hit session highs of 12,534.35 from the open, but followed the Dow in decline, progressively losing value until it reached session lows of 12,359.97. It is not far off those lows, trading at 12,394.45.

Looking at the day ahead and the most significant information set for release is the RBA’s Monetary Policy Meeting Minutes from Australia. This gives traders and markets a more detailed insight into the thinking and decision making behind Australia’s monetary policy settings. It can also give an insight into the economic outlook for the country as well as future monetary policy settings. Other data set for release today includes:

China – Bank holiday

UK – CBI Industrial Order Expectations

Canada – Wholesale Sales

NZ – GDT Price Index

Europe – Swiss Trade Balance, German PPI, German ZEW Economic Sentiment, Consumer Confidence, ECOFIN Meetings

Disclaimer: The views expressed in this blog are those of the author only. Opinions offered in this blog are no guarantee of market direction and performance. Traders/Investors should not rely on this blog alone for their market information. This blog is not an indicator of market direction and performance. Trading the forex market is high risk and losses can exceed deposits.