Providing the euro a little support this week has been even more hawkish commentary from the European Central Bank. Economists at ING expect the EUR/USD pair to drift back through 1.0450/60 to 1.0400.April ECB minutes might emphasise the more hawkish elements
“For today, look out for the minutes of the April ECB meeting, where again it might choose to emphasise the more hawkish elements.”
“EUR/USD has had its oversold bounce to 1.0550 and with the global environment remaining challenged, EUR/USD could today drift back through 1.0450/60 to 1.0400.”
EUR/USD extends rally toward 1.0600 as dollar selloff continues
EUR/USD has preserved its bullish momentum in the second half of the day on Thursday and touched its highest level in more than a week above 1.0580. Pressured by falling US Treasury bond yields, the US Dollar Index is down 1% on the day below 103.00, fueling the pair’s rally.
EUR/USD News
GBP/USD renews two-week highs, trades near 1.2500
GBP/USD has gained traction and climbed to its strongest level in two weeks near 1.2500. The weaker-than-expected macroeconomic data releases and falling US yields cause the dollar to stay under constant selling pressure, helping the pair push higher.
GBP/USD News
Gold rises above $1,840 as US yields push lower
Gold preserves its bullish momentum on Thursday and trades at a fresh weekly high above $1,840. The benchmark 10-year US Treasury bond yield is down more than 3% amid risk aversion, providing a boost to XAU/USD in the American session.
Gold News
Crypto bloodbath hasn’t even started yet
Bitcoin price, Ethereum and other cryptocurrencies are on the backfoot after the massive slaughter that happened on the trading floor on Wall Street yesterday.
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