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EUR/USD: Expected to trade sideways between 1.1590 and 1.1665 - UOB Group
Euro (EUR) is expected to trade sideways between 1.1590 and 1.1665 against US Dollar (USD). In the longer run, EUR weakness appears to have stabilised; for the time being, it is likely to consolidate in a range of 1.1550/1.1720, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
US Dollar Index (DXY) dips further and nears 98.00 on risk appetite, lower US yields
The US Dollar extends Friday's reversal on Monday's European morning session.
Further EU sanctions on Russia - ING
The EU announced its 18th sanction package against Russia at the end of last week, which involves tougher sanctions against the Russian energy sector. This includes lowering the Oil price cap for Russian crude from US$60/bbl to US$47.60/bbl. It will come into force on 3 September.
EUR: ECB and PMIs in focus this week - ING
EUR/USD seems quite comfortable near the 1.1600 level. In theory, it has had enough consolidation should it want to move higher again, though there does not seem to be a catalyst for that this week, ING's FX analyst Chris Turner notes.
GBP/JPY hovers around 199.00 after LDP-coalition losing parliamentary majority
GBP/JPY appreciates after opening with a gap down, trading around 198.90 during the European hours on Monday.
WTI flattens around $66 even as EU approves sanctions on Russia
West Texas Intermediate (WTI), futures on NYMEX, trades flat around $66.00 during the European trading session on Monday. The Oil price struggles for direction while the European Union (EU) has imposed sanctions on energy exports from Russia, following its three-year long war with Ukraine.
EUR/JPY wobbles below the 173.10 highs after Japan's elections
The Yen has reacted positively to the outcome of the Japanese elections.
ECB Survey: Eurozone firms optimisitc but feel the heat of trade tensions
In its quarterly Survey on the Access to Finance of Enterprises (SAFE) published on Monday, the European Central Bank (ECB) said that most Eurozone firms remain upbeat on growth prospects but face headwinds from trade tensions.
USD/CAD rises to near 1.3750 ahead of BoC Business Outlook Survey
USD/CAD attempts to retrace its recent losses from the previous session, trading around 1.3730 during the early European hours on Monday. The pair appreciates as the Canadian Dollar (CAD) struggles amid ongoing trade tensions.
Forex Today: Market mood turns upbeat to start week
Here is what you need to know on Monday, July 21:
EUR/USD ticks up, yet US tariff uncertainty limits gains
The EUR/USD pair is showing a minor appreciation, with markets remaining cautious in the early European session on Monday.
Pound Sterling consolidates against US Dollar as investors seek fresh US tariff headlines
The Pound Sterling (GBP) trades calmly around 1.3440 against the US Dollar (USD) during the European trading session on Monday.
NZD/USD recovers early lost ground, moves back above mid-0.5900s amid softer USD
The NZD/USD pair reverses a major part of its intraday losses and climbs to the 0.5965 region, or back closer to the daily peak during the early European session on Monday. Spot prices, however, remain confined in Friday's broader range, warranting some caution for aggressive traders.
EUR/GBP weakens to near 0.8650 on tariff tensions
The EUR/GBP cross loses momentum to around 0.8660 during the early European session on Monday. The Euro (EUR) softens against the Pound Sterling (GBP) due to renewed trade tensions between the United States (US) and the European Union (EU) ahead of the tariff deadline on August 1.
USD/CHF Price Forecast: Bearish outlook remains in play near 0.8000
The USD/CHF pair drifts lower to around 0.8010 during the early European session on Monday. Concerns over the economic impact of higher US tariffs keep investors on edge and boost the Swiss Franc (CHF), a traditional safe-haven currency.
GBP/USD Price Forecast: Hovers above 1.3400 despite a persistent bearish bias
The GBP/USD pair edges higher for the second successive day, trading around 1.3420 during the Asian hours on Monday. However, the bearish bias persists as the daily chart's technical analysis indicates that the pair remains within the descending channel pattern.
FX option expiries for Jul 21 NY cut
FX option expiries for Jul 21 NY cut at 10:00 Eastern Time via DTCC can be found below.
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