Forex market statistics on 16/6/2020
Gold
Gold dropped to fresh session lows, around the $1717-16 region in the last hour, albeit lacked any strong follow-through and was last seen trading in the neutral territory.
It later gained some ground to trade at $1727
GBP/USD
GBP/USD retreats from highs after mixed UK jobs figures
GBP/USD is trading below 1.2650, as UK jobless claims rise only 528.9K, more than expected. On the other hand, the unemployment rate beat with 3.9%. The dollar is on the back foot amid hopes for fiscal and monetary stimulus.
EURUSD
EUR/USD slides below 1.1300 as Fed’s Powell testifies, after robust retail sales
EUR/USD is falling below 1.13 as Fed Chair Powell testifies on Capitol Hill and repeats his projection of a slow recovery. US Retail Sales rose more than expected in May.
