US dollarMajor currencies continue to be trapped in relatively narrow ranges today but notably, USD/JPY is creeping higher in a move above the 110.00 handle.
EUR/USD is struggling to post sustainable gains above 1.1140, while GBP/USD remains well below the 1.30 handle.
Other than that, markets are keeping relatively steady with US futures and bond yields sitting near flat levels on the day thus far.
Oil prices rose on Tuesday as traders monitored news in the Middle East and developments on the Sino-U.S. trade front.
Gold prices were down as the imminent signing of the U.S.-China phase one deal sent global equities higher and sapped safe-haven demand.
The overall mood remains much calmer on the day and with little economic data to work with in the European morning, expect markets to stick with the ebb and flow in the hours ahead. Looking ahead, as there isn’t anything on the economic calendar in Europe to shift the dial, markets are expected to keep calmer ahead of North American trading today.
In the NA session, the attention turns towards the US Consumer Price Index (CPI) report due to be published at 13:30 GMT for fresh dollar trades. Apart from the US data, Fed official Williams speech, the US Monthly Budget Statement and American Petroleum Institute US Weekly Crude Oil Stock data will gather some attention.