Gold recovers to $1300 as DXY fails to stay in the positive territory

DXY drops below mid-93 in the early NA session. Wall Street opens slightly higher. The XAU/USD pair remains in the 10-day old range. After easing to a daily low of $1294, the troy ounce of the preciou
Analysts at Nordea Markets suggest that Sterling effects are dragging the UK inflation lower month by month currently, but still Bank of England expects domestic cost pressures to counter the Sterling
Prices of the barrel of WTI bounce off session lows, back near $65.00. Rising US oil production, probable OPEC+ output increase weigh on oil. FOMC meeting, API, EIA reports next on tap. Prices of the
   •  Has been oscillating between two converging trend-lines over the past three-weeks, forming a symmetrical triangle on 4-hourly chart and points to a consolidation phase before the next leg of a d
Krishen Rangasamy, Research Analyst at NAB, explains that it’s been a rough year so far for currencies of emerging economies and two of the worst performers, the Turkish Lira and the Argentine peso ha
Analysts at Rabobank note that according to the IMM net speculators’ positioning as at June 05, 2018, speculators’ USD positions have been in positive territory for four consecutive weeks and are cont
In early European session, Euro bulls tried to break above last Friday’s high at 1.1810 but found resistance at the 1.1820 level this Monday.  EUR/USD recent advance of the last two weeks is currently
   •  CAD weighed down by worsening US-Canada relations/NAFTA concerns.    •  Weaker oil prices/a modest USD uptick provide an additional boost.  The USD/CAD pair reversed an early dip to 1.2955 and i
FX Strategists at UOB Group remain neutral on the pair in the near term, expecting it to navigate within the 108.70/110.30 range in the next weeks. Key Quotes 24-hour view: “We expected a lower USD la
In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, Cable could still visit the 1.35/1.36 band. Key Quotes “ GBP/USD continues to correct higher near term. The Elliott wave coun

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