FXstreet.com (Barcelona) - The G20 meeting of finance ministers set no new agenda with regards to a more coordinated stimulus, but in the statement released after the meeting, the key priority of the G20 remains to be restore lending by tackling, where needed, problems in the financial system head on, through continued liquidity support, bank recapitalization and dealing with impaired assets, through a common framework. It also said G20 central banks will maintain expansionary policies as long as needed, using the full range of monetary policy instruments, including unconventional policy instruments, consistent with price stability, a clear sign that officials see no near-term end to the global economic crisis.

Technically speaking, majors are set to correct past week rallies against greenback due to the overbought state most pairs present. However ranges will remain quite stable after the Commodity Futures Trading Commission (CFTC) released its Commitment of Traders numbers (COT) showing market is having low volumes due to investors are still reluctant to decide a certain path for pairs.