This week brings a heavy platter of event risk and equities started the week by consolidating deeper into recent ranges.

Major stock indices are off to a rocky start as risk assets remain vulnerable to changes in sentiment. DAX, FTSE and DJI face big event risks as headwinds intensify.

The DAX has been in the midst of a strong bullish run, but can buyers continue the move through German inflation data?

USD/JPY has fallen as China protestors drove demand for safe-haven assets. However, with Dollar strength losing traction, the Japanese Yen has gained.

GBP/USD is trading on either side of 1.2100 to start the week with the pair’s next move likely to be dictated by this week’s heavyweight US data releases.

EUR/USD faces significant headwinds around the 1.05 level. A host of key data releases lie ahead this week which could facilitate the pairs next move.

Brent crude oil extends its move downward after market sentiment soured on the back of a worsening COVID situation in China while focus shifts to OPEC+ and US data.