Major currencies lack appetite in European morning trade ...Middle East

For now, both sides are continuing to wage war against one another while backing that up with strong threats. So, all eyes will be on the US to see if they want to step in to intervene in the situation.

In other markets, gold is down 0.6% to $3,348 while oil is seen up 0.4% to $74.09 currently. Meanwhile, S&P 500 futures are down 0.1% after the US holiday yesterday while European indices are up around 0.6% to 1.0% in looking to bounce back after three straight days of losses.

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

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