<p>Headlines:</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/news/oil-jumps-as-russia-reportedly-suspends-oil-flows-via-southern-leg-of-druzhba-pipeline-20220809/“>Oil jumps as Russia reportedly suspends oil flows via southern leg of Druzhba pipeline</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/euro-nudges-a-little-higher-on-the-day-20220809/“>Euro nudges a little higher on the day</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/boes-ramsden-does-not-rule-out-rate-cuts-in-the-next-year-20220809/“>BOE’s Ramsden does not rule out rate cuts in the next year</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/us-july-nfib-small-business-optimism-index-899-vs-895-prior-20220809/“>US July NFIB small business optimism index 89.9 vs 89.5 prior</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/china-military-says-it-will-continue-drills-around-taiwan-today-20220809/“>China military says it will continue drills around Taiwan today</a></li></ul><p>Markets:</p><ul><li>EUR leads, CAD lags on the day</li><li>European equities lower; S&P 500 futures down 0.2%</li><li>US 10-year yields up 3.6 bps to 2.80%</li><li>Gold up 0.1% to $1,791.13</li><li>WTI crude up 1.3% to $91.91</li><li>Bitcoin down 3.1% to $23,320</li></ul><p style=““ class=“text-align-justify“>It was a quiet session with little in terms of headlines or narratives for market participants to work with. The lull is a reflection of one of those summer’s day in Europe with not much to really pin any market moves on.</p><p style=““ class=“text-align-justify“>The euro crept higher a little alongside the pound as the dollar was a little sluggish but ultimately, the moves aren’t anything that stands out from a technical perspective. EUR/USD moved up from 1.0200 to 1.0247 before holding around 1.0220 levels now.</p><p style=““ class=“text-align-justify“>USD/JPY remains more pensive in and around the 135.00 mark as bond yields push a little higher after yesterday’s drop. All eyes are on the US CPI data tomorrow to really firm up any convictions.</p><p style=““ class=“text-align-justify“>Meanwhile, commodity currencies are a fair bit languid but the ranges against the dollar remains somewhat tight (less than 30 pips) so I wouldn’t look much into it. AUD/USD is down 0.2% to 0.6970 levels now as risk appetite is sapped a little with US futures trading slightly lower ahead of North America trading.</p><p style=““ class=“text-align-justify“>The US consumer inflation report in the day ahead can’t come soon enough.</p>

This article was written by Justin Low at www.forexlive.com.