Today Asian and European sessions opened lower. The sentiment was negative because of the controversial refugee policy by Trump.
U.S. stock index futures pointed to a lower open on Tuesday for the same reason and eyed a deluge of earnings as well.
The major US indices recorded their worst day of trading of the year in the previous session after the Trump administration had signed an executive order on Friday to temporarily bar entry into the U.S. to citizens from Iraq, Syria, Sudan, Iran, Libya, Yemen and Somalia.
We expect data from economic calendar about Consumer Confidence (CB) and S&P/CS HPI Composite later today. Employment Cost Index reported lower than expected data which is bad for the dollar.
In oil markets, prices edged lower as increasing levels of U.S. drilling activity offset efforts from OPEC and other producers to curb global oversupply.
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