News
Important Only
EUR/USD churns chart paper but makes little progress ahead of Wednesday’s German CPI inflation
AUD/USD steady around 0.6640 ahead of Aussie’s inflation data
GBP/JPY breaks into fresh multi-decade highs as Yen continues to soften
AUD/JPY Price Analysis: Bulls display signs of fatigue, potential shift remains possible
USD/JPY Price Analysis: Advances modestly and reclaims 157.00
AUD/NZD clears daily losses and eye ANZ data
Forex
EUR/USD churns chart paper but makes little progress ahead of Wednesday’s German CPI inflation
EUR/USD rose to an intraday high near 1.0890 on Tuesday before market flows dragged the pair back down to familiar levels near 1.0860, and the pair is holding on-balance as Euro traders head into a fresh print of German Consumer Price Index (CPI) inflation.Fxstreet
May 28, 2024
Forex
GBP/JPY breaks into fresh multi-decade highs as Yen continues to soften
GBP/JPY drifted into a new 34-year high above 200.60 on Tuesday as Yen pairs continue to pare away JPY strength following suspected “Yenterventions” from the Bank of Japan (BoJ) and Japanese Minstry of Finance who overspent nine trillion Yen on miscellaneous financial operations and is broadly assumed to have intervened directly in global markets in an attempt to shore up the battered Yen.Fxstreet
May 28, 2024
Commodities
Crude Oil extends gains, WTI breaks $80 as markets look to OPEC+
West Texas Intermediate (WTI) US Crude Oil rose on Tuesday as energy markets look to production cuts from the Organization of the Petroleum Exporting Countries (OPEC), and its extended network of non-member partner countries OPEC+, to maintain production cuts in order to try and tamp down global Crude Oil production in the face of disappointing demand.
Fxstreet
May 28, 2024
