Session Recap: Quiet start of week... eyes on Ukraine and Palestine

FXStreet (San Francisco) - The US Session was quiet on Monday as risk aversion was the predominant note across the currency market. The main title of the day was IFM hike of the German growth forecast to 1.9%; however, the Euro remained muted.

Market remains concerned about geopolitical factors such as the Ukraine conflict and the Israel's invasion into Palestine.

The EUR/USD is closing around 1.3524, flat % on the day, having posted a daily high at 1.3550 and low at 1.3513. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.

The GBP/USD declined for fourth day in row as cable is closing 0.05% down on Monday after posting a daily high at 1.7101 and low at 1.7056. The USD/JPY advanced for second day as the pair consolidates gains above 101.2 with 0.05% daily gains. The pair posted a daily high of 101.41 and low of 101.19.

Main headlines in the American session

June 2014 US Chicago Fed national activity index 0.12 vs 0.18 exp

IMF hikes German growth forecast

Wall Street closed Monday with declines as investors fear on geopolitics