What to watch in the London session

London Session Prep — 08:00–12:00 UTC

Oil is climbing again, European bonds are under pressure, and Asia's tech mood is fragile after the Kospi's 5.7% slide — but the SEC's new "Regulation Crypto Assets" framework is giving digital assets a rare, constructive headline.

The London window is light on data: final eurozone CPI, the UK HPI, a German 10-year auction, and a medium-impact appearance from ECB President Lagarde. None of these are likely to move the needle alone, though Lagarde's take on the energy-driven inflation spike could add color to the bond-yield story.

Today continues the previous session's story rather than reversing it: the question is still whether yields settle or push higher, and whether oil's climb keeps stoking inflation anxiety. Watch Lagarde for any hint that the ECB sees the energy shock as something policy can't fix. And note the shift in crypto — the SEC's safe-harbor and $75M exemption proposals have firmed sentiment from neutral to bullish for bitcoin and ether.

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Session Technical Barometer

- EUR/USD (FX): NEUTRAL — Low-impact euro data and a bond auction are unlikely to shift the technical picture.

- GBP/USD (FX): NEUTRAL — Only a low-tier UK house price indicator is scheduled, leaving no meaningful lean.

- USD/JPY (FX): NEUTRAL — No scheduled events for this pair, so the backdrop stays balanced.

- Gold (Commodity): NEUTRAL — No direct headline drivers point gold strongly in either direction.

- Oil (Commodity): NEUTRAL — No scheduled events; headline-driven but balanced right now.

- Bitcoin (Crypto): BULL — The SEC's proposed safe-harbor framework and executive attention tilt sentiment favorably.

- Ethereum (Crypto): BULL — The same supportive crypto-regulatory environment gives ether a constructive tilt.