Session Recap: Majors stuck in ranges in quiet holiday trading

FXstreet.com (Córdoba) - It has been a quiet European session with low volume and volatility with UK and US both enjoying holidays and no data releases of any importance.

European stock markets moved higher in early trading on Monday but then steadied with slight gains. In the FX space, most crosses spent the session within slim ranges, with EUR/USD clinging to the 1.2945/50 area and GBP/USD flat around 1.5130.

Main Headlines in Europe (in chronological order):

Kuroda: Japan's financial institutions resilient to rise in bond yields

Commodities Brief – Precious metals trade at intraday highs, gold held below 1400

ECB's Asmussen cautious on negative deposit rates

European equities a mixed bag Monday