Blogs

The EUR/USD is shuffling its feet on Monday as traders take the opportunity to gather themselves up ahead of this week’s hectic showing from multiple central banks across the globe.

The Canadian Dollar (CAD) sees thin action on Monday to kick off the trading week with limited momentum across the major currency board.

The USD/JPY cycled around the 148.00 handle on Monday as traders gear up for the Bank of Japan’s (BoJ) latest rate statement on Tuesday, coming ahead of another round of Japanese inflation figures slated for Friday with the Tokyo Consumer Price Index (CPI).

The AUD/JPY reverses its course late in the North American session amid an upbeat market mood, which usually underpins risk-perceived currencies like the Aussie Dollar’s (AUD).

Alternating risk appetite trends dominated the FX universe on Monday, in a week where interest rate decisions by many G10 central banks are expected to dictate the mood in the broader markets as well as key US data releases and advanced PMIs across the board.

GBP/USD Price Analysis: Holds above the 1.2720 mark amid the risk-on mood The GBP/USD pair kicks off the new week on a positive note during the early European session on Monday.

The Pound Sterling (GBP) climbed late in the North American session against the US Dollar (USD) up by 0.13%, sponsored by an improvement in risk appetite as shown by US stocks registering gains between 0.25% and 0.36%.

In Monday's session, the XAG/USD pair is trading at $22.14, showcasing 2% decline, following to multi-month lows.

European equity indexes gained ground across the board on Monday, reaching for further gains as traders dogpile into indexes ahead of a mid-week plethora of European data events on the calendar, with euro area Purchasing Managers’ Indexes (PMI) and a rate call from the European Central Bank (ECB) on the offering.

On Monday's session, the EUR/GBP pair was seen trading at the 0.8562 level, depicting a 0.20% loss.