Technical Analysis
EURUSD struggles to keep the buyers on board early Thursday, after rising for four consecutive days, as market momentum dwindles during the US holiday.
GBPUSD struggles to defend the five-day uptrend early Wednesday as traders await key activity numbers from the UK and the US.
AUDUSD extends the week-start losses toward 0.6600 as Minutes of the latest Reserve Bank of Australia (RBA) Monetary Policy Meeting fail to inspire the bulls.
USDJPY stays mildly bid around 161.00 early Monday as traders await the key US data/events scheduled for release during the week.
EURUSD struggles to defend the first weekly gain in four as sellers appear more inclined to revisit an upward-sloping support line from early October 2023.
Gold price remains pressured at the lowest level in a fortnight while justifying the previous day’s downside break of a three-week-old rising support line.
AUDUSD jumps nearly 50 pips after Australia’s monthly Consumer Price Index (CPI) for May rose the most in six months early Wednesday.
USDJPY defends the previous day’s retreat from a two-month high as traders await Tuesday’s US Confederation Board’s (CB) Consumer Confidence figures for June.
Crude Oil struggles to defend the previous two-week uptrend early Monday, after reversing from a seven-week high on Friday.
Gold price seesaws at the highest level in a fortnight early Friday, after rising the most in five weeks the previous day.
EURUSD lacks clear directions early Thursday after rising in the last three consecutive days.
GBPUSD stays defensive after recovering from a one-month low in the last two days.
WTI crude oil pares the biggest daily gain in a week while posting mild losses near $79.50 early Tuesday.