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Summary

The ForexAnalytix team will present their market analysis & insights on current market activity LIVE and take questions from participants.


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EUR/USD moves closer to 1.1100 amid upbeat market mood

EUR/USD is trading well above 1.1050, hitting new 8-week highs. US data was mixed with a ray of light coming from continuing claims. Hopes about the EU Fund and reopenings trump Sino-American relations.

EUR/USD News

USD/JPY drops twoard 107.50 on fresh USD selloff

The USD/JPY pair moved sideways around 107.80 for the majority of the day but lost its traction during the American session. As of writing, the pair was down 0.1% on the day at 107.58.

USD/JPY News

GBP/USD reaches 1.23 amid USD weakness, shrugging off UK issues

GBP/USD is trading around 1.23, taking advantage of USD weakness stemming from a better market mood. The Brexit impasse, the BOE's open door to negative rates weigh on the pound. Political developments around the Cummings are also in the mix. 

GBP/USD News

Gold: Limited gains below the $1730/oz level for XAU/USD

After bouncing from the 1690/1700 price zone XAU/USD is stalling below the 1730 resistance and the 50 SMA on the four chart. The picture is mixed as it seems the metal is challenging a tough resistance near the 1730 level.

Gold News

WTI trading off monthly highs near $33.00 per barrel

The oil recovery started in April’s lows consolidates after hitting fresh May’s highs. WTI is trading above the 100 and 200 SMAs on the four-hour but just below the 50 SMA, suggesting a mixed picture.

Oil News

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