A quiet Tuesday coming up for market announcements but there is still plenty going on around the world that can make markets nervous.

The EURUSD opened the session at $1.13595 and climbed early, hitting a high of $1.13906 mid-session. The euro weakened at that point, falling to a low of $1.13559 a few hours later. It has come off those lows and is currently trading at $1.13659. The GBPUSD opened the day at $1.28721 and remained flat early, before sliding to lows of $1.28291 mid-session. The pound bounced off those lows, climbing to a high of $1.29095 late in the day. It is not far off those highs, with the pound currently trading at $1.28921.

The Dow finished slightly in the red overnight as it took a breather from its recent rallies. The index opened the day at 24,705.09 and bumped up to an opening-hour high of 24,721.00. The Dow declined for most of the session after that, dipping to a low of 24,548.40 late in the day before closing at 24,633.00. The Dax followed a similar path to the Dow after opening at 11,198.69. The German index lifted to an opening-hour high of 11,209.18 before sliding throughout the day. It hit a low of 11,125.18 late before closing at 11,151.18.

The day ahead appears to be rather quiet, but there are still plenty of things that could make markets move. Theresa May’s Brexit negotiations are back in full swing, as she tries to formulate a deal that is more palatable to her parliamentary colleagues. The PM is up against it though as the deadline for the UK to leave the EU being the end of March.

Other events that could weigh on markets is the continued government shutdown in the US. The IMF has also released a report saying that they expect global economic growth to slow down to 3.5% this year, compared to 3.7% in 2018. This slowdown means falling global trade, which is critical to many countries. Trade numbers could mean the difference between a budget surplus or deficit.

Data released today includes:

NZ – CPI

Japan – BoJ Core CPI

US – Existing Home Sales

Australia – CB Leading Index

Canada – Wholesale Sales, Manufacturing Sales

Europe – European & German ZEW Economic Sentiment

UK – Average Earnings Index, Public Sector Net Borrowing, Unemployment Rate, Claimant Count Change

Disclaimer: The information in this website is of a general nature only and the advice has been prepared without taking account of your objectives, financial situation or needs. Accordingly, before acting on the advice, you should consider the appropriateness of the advice having regard to your objectives, financial situation and needs. We recommend you seek independent advice if necessary.