#EUR/USD regained traction and approached the 1.0900 zone after the cautious cut from the #ECB at its event on Thursday. #Germany’s Balance of Trade results are due on June 7 along with another estimate of Q1 #GDP Growth Rate in the broader #Euroland and a speech by the #ECB’s #Lagarde.
#GBP/USD added to Wednesday’s uptick and traded at shouting distance from the key 1.2800 hurdle. June 7 will only see the release of the Halifax House Price Index.
#USDJPY partially faded Wednesday’s firm performance on the back of the weaker dollar and pale #US yields. Household Spending, the preliminary Coincident Index and the #Leading#Economic Index will be unveiled on June 7.
#AUD/USD regained its smile and left behind two straight sessions of losses, retesting two-day highs near 0.6680. The #Australian docket will be empty on June 7.
#Gold Prices advanced to two-week highs near $2,380 per troy ounce following the softer dollar, marginal moves in #US yields, and expectations of rate cuts by the #Fed sooner than anticipated.
#Silver extended its gains and climbed to four-day tops beyond the $31.00 mark per ounce.
The #USD Index (#DXY) came under pressure and retreated from weekly highs past the 105.00 hurdle against the backdrop of declining #US yields. On May 31, all the attention will be on the release of inflation data tracked by the #PCE along with #Personal#Income and #Personal#Spending.
#EUR/USD briefly tested the 200-day #SMA around 1.0790 before staging a marked comeback to the area beyond 1.0800 the figure. The #EMU’s advanced Inflation #Rate and #Retail#Sales in #Germany will be at the centre of the debate on May 31.
#GBP/USD set aside two daily drops in a row and advanced further north of the 1.2700 barrier following the offered stance in the #Greenback. In the #UK, #Mortgage Approvals and #Mortgage Lending are due on May 31 along with #Nationwide#Housing#Prices.
Following a brief drop below 0.6600, #AUD/USD managed to regain balance and end the session with marked gains around the 0.6650 area. On May 31, #Housing#Credit is only due #Down#Under.
Prices of #Gold rose modestly on the back of the weaker #dollar and diminishing #US yields, briefly revisiting the $2,350 area per troy ounce.
#Silver, instead, accelerated their losses to three-day lows near the $31.00 mark per ounce.
#EUR/USD clocked its fourth consecutive session of losses and challenged the 1.0800 support. The final Q1 #GDP Growth Rate in #Germany will be in the spotlight on May 24.
#GBP/USD reversed four daily advances in a row and retreated from recent peaks near 1.2760. On May 24, the #Consumer#Confidence tracked by #GfK comes in the first turn seconded by Retail Sales.
Further weakness saw #AUD/USD add to the ongoing weekly retracement and breach the 0.6600 support on the back of the stronger #Dollar and the generalized sour sentiment in the risk complex.
Prices of #Gold charted heavy losses and revisited the $2,330 zone per troy ounce following the #Dollar’s bounce and increasing yields.
By the same token, prices of the ounce of #Silver extended the drop to the boundaries of the $30.00