Session Recap: Majors little changed as cautious tone prevails

By FXstreet.com | July 21, 2014 AAA

FXStreet (Córdoba) - Majors are broadly unchanged Monday, trading in narrow ranges in the absence of data to impact markets.

It seems investors remain mostly sidelined amid persistent geopolitical woes, leaving most pairs in the FX market within recent ranges.

The EUR/USD trades flat at 1.3525 after being rejected from a high of 1.3549, while the GBP/USD trades around 1.7085 after failing to regain the 1.7100 mark. The USD/JPY is back to 101.30 after bouncing from a low of 101.19.

The AUD and the CAD are a tad lower while European stocks extended losses into a third day and gold advanced on risk aversion. US futures were also lower.

Main Headlines in Europe:

Germany Producer Price Index (YoY) meets forecasts (-0.7%) in June

Italy Industrial Orders n.s.a (YoY) down to -2.5% in May from previous 6.2%

PMIs and IFO in the spotlight this week – Danske Bank

What’s the sentiment around the EUR/USD today? – Westpac and Commerzbank

ECB's Nouy: ECB 'won't exclude' AQR as tool for smaller banks

Bundesbank: Sees German Q2 GDP unchanged from Q1

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