News
Important Only
WTI rebounds to near $75.50 due to expectations of Fed rate cuts
GBP/USD remains on the defensive below 1.2750 amid firmer US Dollar
EUR/USD struggles near three-week low, seems vulnerable below 100-day SMA/1.0800
China’s PBOC halts gold purchases in May after 18 months of buying
Gold Price Forecast: XAU/USD holds below $2,300 as China stops buying gold, US Dollar rebounds
FxstreetJun 9, 2024
Japan Gross Domestic Product Deflator (YoY) below forecasts (3.7%) in 1Q: Actual (3.4%)
Economic Indicator
ECB's Holzmann: Further rate cuts by the bank could slam Euro and spike inflation
The European Central Bank (ECB) policymaker Robert Holzmann said on Saturday that it is too early to tell whether the ECB has initiated a shift towards lower borrowing costs after it cut its benchmark interest rate at its June meeting last week, per Reuters.Fxstreet
Jun 9, 2024
Forex
EUR/USD pivots into a loss-making week after US NFP bolsters Greenback
EUR/USD tumbled sharply on Friday, receding after US Nonfarm Payrolls climbed well above forecasts and European Central Bank (ECB) President Lagarde warned that a follow-up rate cut to June’s quarter-point rate trim may not be on the cards as many investors hope.Fxstreet
Jun 7, 2024
