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The forex markets are mostly consolidating as the new trading week begins

The Forex Market Update: EURUSD makes a run while GBPUSD, USDJPY, and USDCAD see mixed price action.

In this morning's forex report, we take a technical look at EURUSD, USDJPY, GBPUSD, and USDCAD. The EURUSD is pushing upwards and is back above its 100-hour MA. Can it sustain this trend? Meanwhile, the other three currencies are showing a mix of ups and downs.

Early trading shows a dip in US stocks. This week is packed with crucial news from central bank meetings and economic data releases. Don't miss out on the Fed, ECB, BOE rate decisions and Eurozone flashes CPI and US employment numbers. Stay tuned for more updates on the forex market.
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