S. Korean FinMin: Putin and Kim Jong Un are preparing for a summit


Reuters reports the latest comments from the South Korean Finance Ministry, confirming that the North Korean Leader Kim Jong-Un and Russian President Putin are preparing for a Summit scheduled later this month.

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EUR/USD: Bulls await a sustained move beyond previous support

Even after witnessing pullbacks, EUR/USD buyers await a sustained break of previous support-confluence (now resistance) while the quote is on the bids near 1.1224 during early Monday.

EUR/USD News

GBP/USD recovers to 1.2600 as UK politics become clearer

While overall US Dollar (USD) strength continues to dominate market sentiment, the GBP/USD pair recovers to near 1.2600 as an outcome of the UK PM’s race becomes clearer during early Monday.

GBP/USD News

USD/JPY wavers in range near 108.60 amid risk-on

USD/JPY failed to sustain at higher levels once again and returned to the familiar range around 108.60 amid mixed Asian stocks while higher US equity futures and Treasury yields help keep the minor bids intact ahead of Fed.  

USD/JPY News

Gold: 100-month MA is a level to beat for the bulls

Gold (XAU/USD) is struggling to cut through key technical line which proved a tough nut to crack in 2018. The yellow metal rose to $1,358 on Friday, but the break above the 100-month MA.

Gold News

Trade War With India Starts: How Trump is Winning the Global War in 10 Tweets

After a year of talks on U.S. barriers to Indian steel and aluminum, India retaliates against Trump. The Hindu reports India to Impose Retaliatory Tariffs on 29 U.S. Goods Starting June 16. 

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