Traders turn their attention to the US and the release of a few pieces of economic data.

The EURUSD began the week at $1.17899 and ended the day rather flat. The pair climbed mid-session, peaking at $1.18494 heading into late trading. The euro fell away from those highs, hitting lows of $1.17834 shortly before the close. It is now trading at $1.17981. The GBPUSD opened the week at $1.30789 and was steady early, edging up to a high of $1.31481 mid-session. Like its European counterpart, the pound declined from those highs, bottoming-out at $1.30521. It has come off those lows and is now trading at $1.30788.

Indices got off to a solid start to the week, with the Dow and Dax both benefitting from positive market sentiment. The Dow opened the week at 27,995.90 and slipped to a low of 27,934.42 early. It was basically all up from there however, with the Dow peaking at 28,320.38 just before the close. That momentum has continued during early Tuesday trading and the index is now sitting at 28,406.30. The Dax started the week at 12,796.16 and dipped to a low of 12,779.17 in the first hour of the session. It rallied off those lows, reaching heights of 13,107.22 late before closing at 13,077.50. It has continued that upward trend and is currently trading at 13,178.45.

The spotlight shines on the US and the publication of their CB Consumer Confidence data later tonight. Analysts are tipping the figure to hit 93.2, up slightly from 92.6 recorded last month.

Other data published today includes:

Japan – BoJ Core CPI

UK – CBI Realised Sales

Europe – German Final GDP, German Ifo Business Climate, Belgian NBB Business Climate

Canada – Corporate Profits, Governing Council Member Lawrence Schembri speaks

US – HPI, New Home Sales, S&P/CS Composite-20 HPI, Richmond Manufacturing Index

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