Forex market statistics on 16/6/2020

Forex market statistics on 16/6/2020

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.

Published by FootballTips

Blogger on football (Soccer) predictions and tips.

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