Asian equities followed the European and American sentiment of Monday and edged higher on speculation over a Spanish aid request, a Greek extension to its bailout terms, and better activity data and earnings in the US.
Tuesday promises to be a busy day with respect to data releases we are expected to see Economic sentiment from Germany and inflation from the U.K.
In the currency markets all eyes will be on the EUR/USD as we have seen the pair hold on to Mondays gains and the pair at the time of writing currently trades at 1.29912 testing the psychological barrier of 1.30. There are bound to be plenty of sell orders clustered around the 1.29900-1.3000 level so traders will be looking to any middle eastern buying in the morning session to push us over this next level which could lead to a break in the pairs range.
Happy Trading
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