News
Important Only
GBP/USD Price Analysis: Trends up, faces strong resistance at 1.2770
USD/SGD: The pair takes a breather – OCBC
EUR/USD: Short squeeze continues – OCBC
Silver Price Forecast: XAG/USD clings to gains near $30.50 as weak US data boosts Fed rate-cut bets
DXY: US markets closed for holiday – OCBC
USD/JPY Price Analysis: Reaches top of channel, primed to fall
Forex
EUR/USD: Short squeeze continues – OCBC
The Euro (EUR) continued to build on recent gains, riding on the pullback in the US Dollar (USD) and on increasing odds that Le Pen’s party may not win an absolute majority at the second-round run-off this Sunday, OCBC analysts Frances Cheung and Christopher Wong note.Fxstreet
Jul 4, 2024
Economic Indicator
ECB Accounts: Doubts were raised about whether recovery would take place as expected
The accounts of the European Central Bank's (ECB) June policy meeting showed on Thursday that some members felt that the data available since the last meeting had not increased their confidence that inflation would converge to the 2%, per Reuters.Fxstreet
Jul 4, 2024
Commodities
Gold closes above 50-day SMA after weak US data
Gold (XAU/USD) is rising on Thursday to trade in the $2,350s after a string of weak data releases from the US and a change in tone from the Chairman of the Federal Reserve (Fed) Jerome Powell, increased bets the Fed would cut interest rates earlier than previously expected.
Fxstreet
Jul 4, 2024
