Friday's four-hour chart is showing the cable's failure to crack critical resistance at 1.2360, Yohay Elam, an analyst at FXStreet, informs. See: GBP/
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WTI drops 4% and eyes $32 mark amid risk-off, weakening demand
The selling pressure around WTI (July futures on Nymex) accelerates following the break below the 33 level, as bears now target the 32 support zone he
Eurozone: Inflation numbers confirm the concerns of rising risks of deflation – Nordea
Euro-area inflation came in at 0.1% y/y in May, down from 0.3% last month, while core inflation stood unchanged. The outlook is more uncertain further
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UOB Group’s Economist Ho Woei Chen, CFA, assessed the recent Bank of Korea (BoK) meeting and GDP outlook. Key Quotes “As expected, the Bank of Korea (
Gold clings to gains near session tops, around $1725 region
Gold edged higher during the early European session and climbed back closer to the previous day's swing high, around the $1727 region. The precious me
AUD/USD: The key resistance area at 0.6658/6706 continues to cap any attempt to break higher – Credit Suisse
AUD/USD is seeing a further attempt to break above the pivotal resistance zone at 0.6658/6706, which ideally continues to cap, according to analysts a
GBP/USD: Above 1.2363 would break the March downtrend to re-expose the April highs at 1.2643/48 – Credit Suisse
GBP/USD is seen at risk of breaking above 1.2363, its downtrend from late March, which would re-expose the April highs at 1.2643/48, economists at Cre
EUR/USD climbs to 2-month tops beyond 1.1100
The upside momentum in the shared currency remains everything but abated on Friday and is now lifting EUR/USD to fresh tops in levels beyond 1.1100 th
USD/JPY: Below 107.31/21 the risk turns lower – Credit Suisse
USD/JPY has broken its uptrend from March to turn the risk lower with support seen at 106.77/74, the Credit Suisse analyst team report. Key quotes “Be
Eurozone Preliminary CPI misses estimates with 0.1% YoY in May, EUR/USD keeps highs
According to Eurostat’s flash reading of Eurozone CPI report, the annual reading came in at +0.1% in May, meeting expectations of +0.2% and +0.3% prev