Further gains lifted #EURUSD to four-day highs around 1.0870 amidst a renewed selling bias in the #US#Dollar.
Wholesale Prices in #Germany are due on May 28 along with the #ECB’s #Schnabel speech.
#GBP/USD accelerated its gains beyond the 1.2700 barrier and hit a new two-month tops following the weaker #Greenback. The #CBI Distributive Trades are expected on May 28.
Price action around #USD/JPY remained flat near the 157.00 hurdle following a solid performance of #JGB 10-year yields. There are no scheduled releases in “The Land of the Rising Sun” on May 28.
A solid session saw #AUD/USD advance to three-day highs near 0.6660 amidst the softer #Dollar and an improved tone in the commodity complex. Flash #Retail#Sales are next on tap in #Oz on May 28.
#Gold prices edged higher and surpassed the $2,350 mark per troy ounce, adding to Friday’s small uptick.
#Silver followed suit and rose markedly more than 4% to surpass the $31.00 mark per
#EURUSD tumbled to five-day lows near the 1.0820 region, an area coincident with the provisional 100-day #SMA. The preliminary #Consumer#Confidence tracked by the #European Commission (#EC) in the broader #Euroland is due on May 23, ahead of May’s flash #Manufacturing and Services #PMIs.
#GBP/USD clung to daily gains on the back of renewed repricing of rate cuts by the BoE in the wake of #UK inflation data. On May 23, flash #Manufacturing and Services PMIs will be revealed prior to the speech by the #BoE’s Pill.
Higher yields and the continuation of the rebound in the dollar lent extra legs to #USD/JPY, which flirted with the area of three-week tops. #Foreign#Bond Investment are due on May 23, seconded by advanced #Jibun#Bank Manufacturing and Services #PMIs.
#AUD/USD retreated markedly to multi-session lows following the stronger dollar and the weak tone in the commodity space. The #Consumer#Inflation#Expectations are next on tap in #Oz on May 23 followed by the flash #Judo#Bank Manufacturing and #Services#PMIs.
#Gold prices added to Tuesday’s decline following hawkish #FOMC#Minutes, higher yields and a robust greenback.
#Silver followed suit and revisited three-day lows in the sub-$31.00 mark zone.