A relatively busy Tuesday coming up with plenty of data set for release from around the world.

The EUR/USD continues to struggle, with the pair falling below $1.16. After opening at $1.16159, the pair declined early, falling to $1.15727 before bouncing back and reaching a high of $1.16239. It could not hold on however, tumbling to a low of $1.15624 late in the session. It is not far off those lows, currently trading at $1.15767. The GBP/USD remained quite flat, save for a few hours later in the day which saw volatility. The pair opened at $1.30372 and lifted to $1.30588 before sliding over the next few hours to hit session lows of $1.30110. However, the pound surged in the same hour that it reached its low, to power to a high of $1.31150. It quickly gave up most of those gains and is currently trading at $1.30426.

The Dow continues to go from strength to strength after a trade agreement was struck between the US and Canada. The index opened the week at 26,504.13, which was the low for the session. It then climbed for most of the day as it peaked at 26,741.43 late. It gave up some of those gains but is still sitting at a lofty 26,662.00. The Dax is showing some signs of life after getting belted late last week. The German index opened at 12,264.01 and fell to a low of 12,238.60 during the opening hour. The Dax then posted some strong gains as it climbed to a high of 12,368.80 before closing at 12,313.80.

Today brings with it the release of plenty of data, with the most significant being the RBA’s interest rate decision. While it is not expected to raise rates, it is important that markets look at the commentary that supplements this decision as it could give us an insight into the economy and the future of monetary policy in Australia. Other data set for release today includes:

Japan – Consumer Confidence

Europe – European PPI, ECOFIN Meetings

UK – Nationwide HPI, Construction PMI, BRC Shop Price Index

Australia – RBA Rate Statement, Commodity Prices, AIG Services Index

US – Total Vehicle Sales, FOMC Member Randal Quarles and Fed Chair Jerome Powell speak

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