Eric Feigl-Ding
#Energy
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#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.
#USD/JPY surpassed the 157.00 barrier and printed two-week tops amidst the dollar’s rebound and rising #US yields. In #Japan, the #Inflation #Rate, #Core #Inflation #Rate and Inflation #Rate #Ex-Food and #Energy for the month of April are due on May 24.
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
#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.
#USD/JPY surpassed the 157.00 barrier and printed two-week tops amidst the dollar’s rebound and rising #US yields. In #Japan, the #Inflation #Rate, #Core #Inflation #Rate and Inflation #Rate #Ex-Food and #Energy for the month of April are due on May 24.
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