Dip & Rise: EURUSD & GBPUSD expected to recover Brexit losses

Dr. S. Sivaraman i-knowindices.com

Dr. Sivaraman offers his weekly forecast after the Brexit turmoil. He expects the EUR/USD and the GBP/USD to start recovering some ground during the week.

He explains what kind of patterns majors would perform in each session of each day in the week. Don’t miss it!

Watch the full webinar: Live market analysis and forecast

Author

Dr. S. Sivaraman

i-knowindices.com

Dr. S. Sivaraman is 1952 born and got his Ph.D in applied statistics in 1979. He served as professor for 28 years under University of Madras, Chennai, India.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.