Estonian Prime Minister Kaja Kallas said on Monday that it is not realistic to expect an agreement on a sixth package of sanctions against Russia today, reported Reuters.
The EU has been struggling to agree on a sixth package that would largely target Russian oil imports amid opposition from land-locked EU countries such as Hungary, who have been pushing for pipeline-delivered crude to be exempt from any ban.
EU leaders are currently convening at a meeting of the EU Council Summit, which is set to last until Tuesday. The hope had been that, but by the end of the summit, a deal on a Russian oil import embargo could be reached.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
EUR/USD drops toward 1.1050, as US Dollar resumes recovery
EUR/USD is falling back toward 1.1050 in the European session on Monday. Renewed US Dollar buying amid a cautious market mood fuels a fresh leg down in the pair. A potential ECB rate cut this week could also keep the pair on the back foot. EU Sentix data eyed.
GBP/USD remains pressured near 1.3100 amid cautious mood
GBP/USD extends its downbeat momentum below 1.3100 in European trading on Monday. The pair is weighed down by resurgent demand for the US Dollar, as traders stay cautious due to US slowdown concerns, ahead of the key inflation data later this week.
Gold price remains depressed below $2,500 amid stronger USD, downside seems limited
Gold price (XAU/USD) attracts some sellers for the second straight day on Monday and lanugishes below the $2,500 psychological mark through the Asian session.
Bitcoin risks further decline below $54,000
Bitcoin hovers around the $54,000 support level; a firm close below would suggest a decline ahead while Ethereum and Ripple prices approach their key resistance levels; rejection would suggest continuing the downward trend.
Week ahead: ECB poised to cut again, US CPI to get final say on size of Fed cut
ECB is expected to ease again, but will it be another ‘hawkish cut’? US CPI report will be the last inflation update before September FOMC. UK monthly data flurry begins with employment and GDP numbers.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.