Session Recap: Markets in search of direction

FXStreet (Córdoba) - Quiet start for the trading week, with the USD trading mixed against major rivals and stocks also mixed in Asia and Europe. Markets seem to be in search of a direction with little reaction to the G20 meeting at the weekend.

The EUR/USD failed to break above 1.3770 and reversed intraday gains despite strong German IFO data. The GBP/USD is nearly flat around 1.6640 after pulling back from 1.6678, The USD/JPY bounced from 102.15 and erased losses during the European session as it did the AUD/USD that trades around 0.8990 on better sentiment.

During the NY session watch for the Dallas Fed manufacturing survey.

Main Headlines in Europe:

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

Germany: IFO – Business Climate climbs to 111.3 in February

Ukraine ousts Yanukovych, faces tough economic times

EMU: Annual CPI rises 0.8% in January

ECB's Visco suggests negative rates to be discussed at March meeting

Commodities: industrial metals decline on prospect of reduced Chinese demand