ING

Going into the ECB meeting, the market community agrees that no action will be taken by the council to change the policy course.

Takaichi has called a snap election just three months into the job, taking a high-risk move. It is all about securing a public mandate for her policy.

Services prices in particular contributed to the deceleration of the headline HICP inflation rate in the Netherlands.

The dollar recovery extended yesterday, this time with some help from strong data.

The start of the week has brought some tentative relief to the ECB. The prospect of Kevin Warsh as future Fed Chair has taken some steam out of the adverse FX dynamics.

Precious metals extended Friday's dramatic retreat, with spot gold falling as much as 10% on Monday morning, while silver plunged as much as 16%, following an intraday loss on Friday that was the biggest on record.

Oil prices continue to firm, with ICE Brent settling a little more than 1.2% higher yesterday -- its highest level since September.

US natural gas prices continued their rally yesterday, with front-month Henry Hub settling almost 29% at $6.80/MMBtu.

Suspected Japanese intervention to sell USD/JPY has come at a weak time for the dollar after last week's geopolitical fracturing.