Tomorrow will see lower volume globally because of the Memorial Day observance in the United States and a U.K. banking holiday.
Asia and other international markets proved cautious last week as questions mounted concerning China’s economy and the stability of Japanese bonds.
Tuesday will have the CB Consumer Confidence reading from the United States and on Thursday its Preliminary GDP statistics will be released too.
Major currencies found some footing towards the end of last week against the USD. The EUR and the GBP both managed to end the week in a relatively stable manner.
Gold as of this weekend is around 1386.00 USD and seems to have found some support.
Tomorrow will be a quiet day of trading, but activity will pick up quickly on Tuesday as traders return from their long holiday weekends in the States and the United Kingdom.