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EUR/USD retreats from high, comfortable at higher ground

The EUR/USD pair is trading close but below 1.1300, as the positive momentum was dented by deteriorating EU Consumer Confidence. Dollar remains weak post-Fed.

EUR/USD News

GBP/USD: Buyers and sellers jostle around 1.2700

With the storm around global financial markets taking a halt after the central bankers’ bearish appearances and the end of the initial selection process for the UK’s PM, the GBP/USD pair cling to 1.2700.

GBP/USD News

USD/JPY drops to multi-month lows below 107.50 amid escalating geopolitical tensions

After dropping to its lowest level since early January at 107.47, the USD/JPYpair retraced a small portion of its daily fall but came under renewed bearish pressure in the American session.

USD/JPY News

FOMC: Prelude to a rate cut?

The Federal Reserve added little new to its policy prescript in Wednesday’s FOMC statement and economic projections and with the anticipation for a July rate cut long priced into market levels the reaction was decidedly uninvolved.

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Gold fluctuates near multi-year highs above $1380, adds more than $20 on the day

With major central banks adopting a more cautious tone with regards to the economic outlook and hinting at rate cuts this week, gold became an investor favourite & the troy ounce of the precious metal rose more than $50 since the start of the week.

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