There are some indications of an overvaluation in the euro though the uptrend is not in danger until the 1.1290 resistance, Terence Wu, an FX strategi
Blogs
OPEC+ achieves 86% May compliance rate with the output cuts of 9.7 million bpd
According to the Energy Intelligence estimates, the OPEC and its allies (OPEC+) achieved an 86% May compliance rate with the oil output cuts of 9.7 mi
AUD/USD: Piercing the 2012-2020 downtrend, December 2019 high at 0.7031 is next – Commerzbank
The Aussie is eroding the 2012-2020 downtrend at 0.6932 and the next level to watch is the 0.7031 December 2019 high, according to Commerzbank’s Karen
USD/JPY seen advancing above 109.00 – UOB
USD/JPY could attempt a move to 109.00 and beyond in the next weeks, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “The abrupt lift-off
Gold: More dives below the $1693.78 level
From a technical point of view, there are lots of reasons for the price drop experienced by gold yesterday. Today, the yellow metal needs to hold the
S&P: India’s fiscal stimulus package real impact at 1% of GDP
S&P Global Ratings’ Asia-Pacific Chief Economist said on Wednesday, the real impact of India's fiscal stimulus package is at 1% of GDP. Additional com
Gold Price Analysis: XAU/USD path of least resistance is up – Confluence Detector
Gold has failed in its attempt to move higher on Tuesday but is trading well above the $1,700 level. Where next for the precious metal? The Technical
Germany’s IFO: Carmakers turn optimistic about exports, production in May
According to a survey by the influential IFO economic institute, German carmakers are more upbeat on the production and exports outlook in May, as eco
Norway Current Account increased to 66.08B in 1Q from previous 19.07B
Norway Current Account increased to 66.08B in 1Q from previous 19.07B
Russia Purchasing Manager Index Services: 35.9 (May) vs 12.2
Russia Purchasing Manager Index Services: 35.9 (May) vs 12.2