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During the day on Tuesday, we will more than likely have a fairly quiet session. We have Consumer Confidence numbers coming out, and with that being the case stock markets could move in the United States but beyond that we don’t expect much in the way of volatility. On top of that, it’s probably not the biggest concern traders out there so more than likely we will have a fairly quiet session.
1 – Energy markets look like they are starting to sell off a little bit now, so we believe that the downside is probably the most likely move in both the crude oil and natural gas markets. Ultimately, energy is going to suffer due to the fact that there just simply isn’t enough in the way of demand at the moment.
2 – The US dollar looks as if it’s ready to continue going a little bit lower, as the Federal Reserve has step away from several interest-rate hikes this year. In fact, a lot of people are starting to wonder whether or not there is going to be any interest rate hikes at all during the course of 2016. With this, we are starting here more and more interest in trading against the US dollar.
3 – European indices continue to grind back and forth, essentially doing nothing. We are bouncing around in a consolidative market, and as a result we believe that short-term trading back and forth is about the only thing you can do in the European indices as the economic outlook for that reason of the world is still quite a bit unclear.
