Summary
We will look to 8 FX Majors to discuss last month price action (AMR’s – Acute Monthly Reversal Candles), support and resistance levels, projected medium term targets and risk. We will also look to the USD Index and forecast to give a strong bias to the USD pairs.Latest Live Videos
Editors’ Picks
AUD/USD holds steady below 0.6700 after RBA Minutes
AUD/USD is trading flat below 0.7000, a little impressed by the hawkish Minutes of the RBA's May policy meeting. Souring risk sentiment also keep the recovery attempts elusive in the Aussie pair ahead of more Fedspeak.
USD/JPY extends gains to near 156.50, tracking positive US yields
USD/JPY is extending previous gains to test 156.50, despite the comments from Japan's Finance Minister Shunichi Suzuki. The pair stays supported amid an uptick in the US Treasury bond yields and the US Dollar after Fed officials adopted a cautious stance on the policy outlook.
Gold price extends its upside as investors bet on rate cuts
Gold price extends the rally on Tuesday after retracing from a record high earlier. The renewed gold demand is bolstered by higher bets on interest rate cuts from the US Federal Reserve, ongoing geopolitical tensions, along with the strong demand stemming from central banks and Asian buyers.
Digital asset weekly inflows jump over 600% following response to CPI report
Coinshares weekly report of digital asset flows shows that crypto assets witnessed more than a 600% increase in net inflows last week after US Consumer Price Index saw a softer-than-expected inflation increase.
Will the commodity boom last?
The gold and copper price both hit fresh record highs on Monday. The market is sensitive to these two metals because gold is considered an inflation hedge and a safe haven, and because copper is a metal that is linked to global growth.