Forex today opened the week with some negative political news from the UK, as three Brexit Minister resigns amid reports of a split in the UK government on the plan PM May announced at Chequers. The pound’s upside attempts were capped by the UK political uncertainty while the Euro was firmer above the 1.1750 barrier amid broad-based US dollar weakness on the back of mixed US jobs data. Amongst the Asia-pc currencies, the Aussie was the strongest, benefiting from the rally in copper prices while the Kiwi remained better bid near 0.6850 from the risk-on market profile, as reflected by the rally in the Asian equities and higher oil prices. USD/JPY traded modestly flat, looking for direction ahead of the US CPI release due later this week. Main topics in Asia Over the weekend: North Korea talks backslide, Europe warns of tariff retaliation With the US tariffs on China taking effect and the latest round of a US-China trade war in the books and in the rearview mirror, the weekend brought fresh trade concerns stemming from the US’ current trade policies, and North Korea tensions are back on the rise “¦ Senior sources confirmed Mr Davis has resigned as Brexit secretary It is being reported that David Davis has actually resigned from Government – (Two senior sources confirmed to PA that Mr. Davis had quit). UK’s Brexit Minister Steve Baker resigns alongside David Davis – The Telegraph A key minister within Britain’s Brexit department has also resigned, with Steve Baker quitting his position shortly after Davis. 3rd Brexit minister resigns amid hard-line Brexiteer revolt Suella Braverman, A Conservative MP and junior Brexit minister, has resigned from her position, bringing Monday’s total to three so far, “¦ UK PM May says disagrees with Davis’ characterization of Brexit policy The UK Prime Minister Theresa May has said she disagrees with Davis’ characterization of Brexit policy and reiterated that parliament will regain control of Britain’s laws after Brexit, according to Reuters. Key Focus ahead Today’s EUR macro calendar sees a quiet start to a busy week ahead, with the second-liner German trade balance and Eurozone Sentix Investor Confidence numbers likely to keep the EUR. GBP traders busy. Besides, the Bank of England (BOE) board member Broadbent’s speech will be closely eyed at 0750 GMT. In the NA session, FOMC member Kahskari’s speech will be released at 1310 GMT. But the main event risk today remains the European Central Bank (ECB) President Draghi’s dual testimonies scheduled at 1300 GMT and 1500 GMT. Draghi is due to testify about the economy, monetary policy, virtual currencies and European Systemic Risk Board before the European Parliament Economic and Monetary Affairs Committee, in Brussels. EUR/USD: Above 50-day MA for the first time since mid-April, eyes Draghi speech The EUR pairs could turn volatile during Draghi’s speech and the common currency may pick up a strong bid if the central bank chief sounds hawkish on interest rates. GBP/USD stumbles at 1.33 as Brexit continues to fracture the UK’s parliament The GBP/USD is hesitating near the 1.3300 major level as Monday’s Brexit revelations roil Sterling traders and force the GBP back down as the chasm “¦ Australian business conditions to post a solid improvement in June – ANZ Analysts at Australia and New Zealand Banking Group (ANZ) provide key insights into the National Australia Bank (NAB) Business survey for Australia that will be reported tomorrow at 0130 GMT. The key events for the week ahead – Nomura Analysts at Nomura explained the key events for the week ahead: Currency Market: For the USD, it’s all about this week’s CPI For the USD to get back on track and reverse this negative momentum, it’s all about this week’s US CPI print. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY stapled to 110.50 for the new week FX Street 4 years Forex today opened the week with some negative political news from the UK, as three Brexit Minister resigns amid reports of a split in the UK government on the plan PM May announced at Chequers. The pound's upside attempts were capped by the UK political uncertainty while the Euro was firmer above the 1.1750 barrier amid broad-based US dollar weakness on the back of mixed US jobs data. Amongst the Asia-pc currencies, the Aussie was the strongest, benefiting from the rally in copper prices while the Kiwi remained better bid near 0.6850 from the risk-on market profile, as reflected by… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.