EUR/USD: Less gloomy outlook for the US economy relative to the Euro area to weigh on the pair.

As we move into H2, we still look for a broadly higher USD, and in general expect near-term USD strength. We think that as long as sticky inflation remains a concern globally, we would expect the EUR/USD to remain soft.

We still find the outlook for the US economy less gloomy relative to the Euro area, which should weigh on the EUR/USD in H2. We expect the EUR/USD to decline towards 1.06/1.03 on a 6M/12M horizon.

EUR/USD under pressure below 1.0950, eyes on ECB-speak

EUR/USD is trading on the defensive below 1.0950 on Monday. The pair is weighed down by the US Dollar recovery and risk aversion, as investors digest US-Sino headlines amid mounting Chinese growth fears. ECB-speak will be in focus. US markets are closed on account of Juneteenth.

EUR/USD News

GBP/USD falls below 1.2800 amid cautious markets

GBP/USD extends its correction from the recent uptrend to a fresh 14-month high and trades below 1.2800. Broad-based US Dollar recovery combined with a cautious market mood is not allowing the pair to find a foothold. Thin trading is likely to extend in the day ahead.

GBP/USD News

Gold declines below $1,950 as US Dollar rebounds

Gold price edges lower and trades in negative territory below $1,950.00 following a quiet Asian session as the USD benefits from risk-averse market environment. Bond markets in the US will remain closed in observance of the Juneteenth holiday on Monday.

Gold News

Shiba Inu, Maker, XRP begin recovery as crypto buying power returns

The SEC crackdown on cryptocurrencies triggered a marketwide crypto bloodbath between June 5 and the weekend. SHIB, MKR and XRP price recoveries are likely to lead a return in capital inflow to altcoins in the short term.