EUR/USD continues easing toward the critical support, a as fears of US tariffs against the EU and the fallout from the attack on Saudi oil installations weighs. Little data scheduled for today will leave sentiment in control.
USD/JPY gapped down to 107.44 on Monday’s open as risk appetite is diminished following the attack on Saudi Arabian oil facilities. The spot now trades near 107.80, aiming to close the bearish opening gap ahead of a big week.
GBP/USD is trading closer to 1.2450, lower. UK PM Johnson will meet EC Commission President Juncker to discuss Brexit amid reports of progress. Tensions in the Middle-East and uncertainty ahead of the Fed impact markets.
WTI (futures on Nymex) corrected half the massive 20% surge seen at Asia, still holds around 9% firmer in the European trading, as investors assess the effects of the Saudi attack and its implications on the oil market.