EUR/USD resumes the downside following Friday’s tops.A deeper correction could revisit the 1.0630 zone.EUR/USD adds to Friday’s marked pullback and drops to the 1.0680 area on Monday. The pair remains well under pressure and the continuation of the selling bias should put a potential test of the May low at 1.0635 (May 31) back onContinue reading “EUR/USD Price Analysis: A drop to the 1.0630 region is not ruled out.”
Tag Archives: Gold
GBP/USD drops to 1.2400 mark, fresh daily low amid sustained USD buying.
GBP/USD drifts lower for the second straight day amid some follow-through USD buying.Bets for a 25 bps Fed lift-off in June push the US bond yields higher and underpin the USD.The risk-on mood could cap gains for the safe-haven buck and lend support to the major. The GBP/USD pair kicks off the new week onContinue reading “GBP/USD drops to 1.2400 mark, fresh daily low amid sustained USD buying.”
GBP/USD: Recovery runs out of steam near the 1.2400 hurdle.
GBP/USD bounces off lows near 1.2300 the figure on Friday.The greenback regains composure following US data releases.The British pound regains poise and motivates GBP/USD to reclaim ground lost and advance to the vicinity of the 1.2400 mark at the end of the week. GBP/USD appears supported near 1.2300 Following an earlier uptick to the boundariesContinue reading “GBP/USD: Recovery runs out of steam near the 1.2400 hurdle.”
EUR/USD directionless on mixed FOMC minutes.
EUR/USD bulls holding the fort in support territory after FOMC minutes. Fed minutes show officials split on support for more hikes.EUR/USD is mixed on the Federal Open Market Committee minutes that show the board members agreed that inflation risks are still unacceptably high but officials also generally agreed that the extent of further hikes areContinue reading “EUR/USD directionless on mixed FOMC minutes.”