Market movements at the beginning of the week have been expected to be slow with the United States (US) also on holiday in conjunction with Columbus Day while investors remain vigilant watching the current factors affecting the market.
The US dollar is seen to be still maintaining a good trading performance from the previous momentum, hovering at a 10-week high.
Current US economic data is seen to reduce expectations for continued aggressive easing by the Federal Reserve (Fed) as it has done at its September meeting.
However, the market still expects interest rate cuts to occur at the remaining meeting at the end of 2024, but at a slower pace.
The development of the European currency, the Euro fell to the lowest level again at the beginning of this week when the interest rate cut is expected to be done by the European Central Bank (ECB) on Thursday.
The pound is at risk in this week's trading in the face of some central bank focus data to be published.
The focus in the European session today (Tuesday) is on UK employment data before tomorrow, Wednesday, the market will examine UK inflation data which is expected to record a decline in the latest figures.
In the New York session tonight, Canadian inflation data will steal the market's attention as the Canadian dollar currency has been experiencing a continuous fall since last week influenced by the global crude oil market.
Meanwhile, the development of China's stimulus plan is still a hot topic in the market.
But investors were somewhat disappointed when China did not provide complete details about the massive economic stimulus plan.
