A rather busy Tuesday ahead, with plenty of data being published from around the world.

The EUR/USD picked up overnight, with the dollar showing signs of weakness. The pair opened at $1.13858 and began a slow decline through early trading, before dropping to a low of $1.13521 mid-session. From there, the euro rallied late into the day to peak at $1.14232. It has come off those highs and it currently trading at $1.14066. The GBP/USD also strengthened overnight, after opening at $1.30198. The pair declined early to $1.29817, bounced back to $1.30272 and then fell sharply to a low of $1.29636. The pound then surged in late trading to hit a high of $1.30553. It could not maintain those highs and is currently trading at $1.30419.

The Dow put in a solid performance overnight after opening at 25,260.72. The index hit a low of 25,171.03 early, then remained steady for several hours after that. The Dow then picked up momentum mid-session, where it climbed to a high of 25,505.01 very late in the session. It is not far off those highs, currently trading at 25,485.60. The Dax continues to underwhelm, after opening the day at 11,514.43. The German index climbed steadily to a high of 11,555.30 midway through the session. Those highs were short-lived as the Dax began its all-too-familiar slide, where it bottomed-out at 11,471.60. It was able to come off those lows and closed at 11,504.80.

The day ahead looks to be a busy one, with the central bank from Australia meeting to set monetary policy. While it is not expected to change rates, the commentary surrounding the outlook of the economy and monetary policy settings comes further into focus. The US mid-term elections is just around the corner as well, taking place tomorrow. We could see some volatility in the lead up to these elections as well. Other data set for release today includes:

Japan – Household Spending

Canada – Building Permits

UK – BRC Retail Sales Monitor

US – JOLTS Job Openings, IBD/TIPP Economic Optimism

Europe – European, German and French Final Services PMIs, Italian and Spanish Services PMIs, German factory Orders

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