German IFO in line with market expectations
Chicago and Dallas Fed National Activity prints second consequitive negative streak
Lockdown at the White House after souspicious package
Quiet and rangebound kick-off of the week ahead of an important week on the geopolitical calendar with the G20 Summit in focus. SP500 remained arround its monthly highs trading in a relatively tight range troughout the session. A break above friday's high (current ATH) would bring in focus the 3000 handle. US equities pretty much in divergence with European indicies which all traded softer drragged by weakness in the financial sector.
The FX space was mainly led by weakness in the US Dollar amid softer US data. Both the Dallas (-12.1 vs -1.0) and Chicago (-0.05 vs 0.10) FED Business activity index print the second consecuitve negative read in two months. With the exception of GBPUSD, all other USD G10 counterparts traded higher following similar patters.
Crude Oil pulled back from recent highs retesting the 57 level to the downside as traders await major development in US and Iran dispute.
Gold extended gains amid weaker than expected US data and Dollar weakness touching the 1420 level.
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Hope you enjoyed the session