Blogs

Gold prices got a lift as the Fed promised to maintain an ultra-loose policy stance but sluggish progress on stimulus expansion cooled risk appetite and hurt crude oil.

The US Dollar (via the DXY Index) has seen losses accumulate rather quickly throughout June.

The Pound Sterling could not maintain momentum after its' days long winning streak against its US rival and European counterpart.

Yesterday, the Federal Reserve announced its decision to leave interest rates unchanged, a move that was heavily expected by the markets.

For the first time in three months, the GBP/USD price is moving towards the 1.2812 resistance, amid a strong retreat of the US dollar against other major currencies.

The Australian dollar has rallied over the last several months in an almost straight line, but it continues to hang around the 0.70 level, looking for some type of long-term direction.

The recent pressures on the US currency contributed to a stronger bear control on the USD/JPY performance, where its losses reached the 106.93 support at the time of writing.

A distinctive opportunity for the yellow metal to recover its gains after sharp losses at the end of last week pushed it towards the $1670 support.

The Milan Index, like all of its contemporaries, has performed very well over the past few months.

The US dollar has broken below the ¥107.50 level to reach towards 107 yen level.