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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.
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $66.22 per barrel, up from Friday's close at $65.98.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $68.58.
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.
US Dollar Index softens to below 98.50 on trade jitters
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, edges lower to near 98.45 during the early European session on Monday.
Japan's Ishiba: Election was a harsh judgment on LDP government
Japanese Prime Minister Shigeru Ishiba on Monday apologized to the ruling Liberal Democratic Party (LDP) for the election loss, adding that he will continue to govern in coalition with Komeito.
EUR/JPY Price Forecast: Bounces back and aims to reclaim yearly high above 173.00
The EUR/JPY pair claws back a majority of its initial losses and rises to near 172.60 during the late Asian session on Monday after a weak opening around 172.00 earlier in the day.
EUR/USD Price Forecast: Holds steady around 1.1625 area; not out of the woods yet
The EUR/USD pair kicks off the new week on a subdued note and oscillates in a narrow trading band through the Asian session. Spot prices currently trade around the 1.1625 area, nearly unchanged for the day, amid mixed cues.
USD/INR refreshes four-week high as Indian Rupee underperforms
The Indian Rupee (INR) starts the week on a negative note against the US Dollar (USD).
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Monday, according to data compiled by FXStreet.
Gold price remains confined in a multi-week-old range as bulls seem reluctant
Gold price (XAU/USD) trades with a positive bias for the second consecutive day on Monday, though it lacks bullish conviction and remains confined in a multi-week-old trading range.
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