Session Recap: Consolidation day, market focused on upcoming data

FXstreet.com (San Francisco) - The Greenback traded in range on Tuesday's session following the Monday sell-off as market was concerned on global economic recovery and it was focused on what Central Banks have to say in the short term. Investors are now waiting Jobs number in the US and the BoE and ECB rate decisions.

The EUR/USD extended Monday's advance but movements were limited to the sub 1.3100 area. The GBP/USD was trapped between 1.5280 and 1.5315 the whole American session. The USD/JPY recovered ground from Monday's close and currently the pair is fighting the 100.00 area.

The AUD/USD lost almost all Monday gains with the pair testing back the 0.9600 area. On the other hand, the USD/CAD advanced to test the 1.0350 area.

Main headlines in the American session:

US: Trade deficit widened to $40.29 billion in April

Canada: Trade deficit rose to $0.57 billion in April

IMF's Lagarde urges Greece not to relax bailout efforts

US: ISM New York Index slides to 54.4 in May

IMF’s Lagarde: Recent global economic data showing somber trends

Japan to target 2% annual growth through 2022 – Nikkei

Wall Street closes lower on Fed uncertainty and recovery concerns