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EURGBP TECHS

Remains Vulnerable

ARGENTINA

Guzman To Speak On Paris Club Negotiations

GBPUSD TECHS

Bearish Risk Still Present

Oil Comes Off Weekly Highs

COMMODITIES

Both WTI and Brent crude futures traded with early gains to make a decent attempt on last week's best levels, but this soon faded as equities consolidated on the Wall Street open. The weekly DoE crude oil inventories numbers take focus going forward, with markets seeing a build of around 500k barrels for the headline inventories number.

Precious metals were more mixed. Gold finished flat having traded in a particularly tight range while silver posted gains of 0.5% or so as recent pullbacks find support at the 50-dma. Last week's highs at $26.05 are the primary upside target.