A busy day coming up for markets, with US data coming into focus.

USD-paired currencies remained largely flat overnight, continuing a steady start to the week. The EURUSD opened the day at $1.10295 and edged up to a high of $1.10374 mid-session. The slide began shortly afterwards as the pair hit lows of $1.10086 late in the day. It has come off those lows and is now trading at $1.10181. The GBPUSD showed more signs of life but ultimately remained rather flat. It started the day at $1.30771 and dipped early before lifting to a mid-session high of $1.31041. The pound fell away late in the day, hitting lows of $1.30389. It has come off those lows and is now trading at $1.30529.

The Dow opened the day much lower than Monday’s close and continued to fall further throughout the day. The index opened the day at 28,720.88 (around 230 points lower than Monday’s close) and bumped up to a high of 28,778.56 early. The rot set in shortly after that where it gradually declined to lows of 28,445.80. It is not far from those lows and is currently trading at 28,598.50. The Dax was weighed down by the falling Dow after opening the day at 13,394.38.  The German index lifted to highs of 13,440.58 in the opening hour before declining for the rest of the session. It hit lows of 13,194.20 and closed at 13,203.31.

The day ahead sees the publication of some important data from the US. The US will release Durable & Core Durable Goods Orders figures in the early hours of tomorrow morning. The Durable figure is expected to show a growth of 1.2% (up from -2.1% recorded at last reading) while the Core figure is tipped to show growth of 0.4% (vs -0.1% recorded previously).

Other data published today includes:

Japan – BoJ Core CPI

UK – CBI Realised Sales

Australia – NAB Business Confidence

Europe – Swiss Trade Balance, Spanish Unemployment Rate

US – CB Consumer Confidence, S&P/CS Composite-20 HPI, Richmond Manufacturing Index, FOMC Member John Williams speaks

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