Markets are tense this morning as investors digest the jump in oil prices last week and the 'reset' of expectations of the Fed keeping interest rates higher for longer after a key US jobs report deemed 'too strong'.
The Fed minutes on Wednesday, followed by the US September CPI inflation report on Thursday is set to capture all attention.
Earnings starting mostly before US market open on Thursday and continuing Friday with large banks will likely add volatility as investors attempt to guess what is already 'priced-in' as the S&P500 & Nasdaq100 have fallen 24-33% year-to-date.
In forex, traders may look for a break of the dollar strength after the significant move last week. The euro, Swiss franc, and pound could recover if sentiment stabilises and the fear factor of an imminent earnings meltdown or recession comes down.