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GBP/USD risks extra losses below 1.3735 – UOB

GBP/USD risks extra losses below 1.3735 – UOB

“We highlighted yesterday ‘the rapid drop appears to be overdone but with no signs of stabilization just yet, GBP could test 1.3760 first before a recovery are often expected’. Our view wasn’t wrong as GBP dipped to 1.3758…

Market News
Gold Price Forecast: Short-term technical indicators point to more XAU/USD weakness

Gold Price Forecast: Short-term technical indicators point to more XAU/USD weakness

So far this Thursday, gold price is staging a minor comeback around $1820 region because the dollar and yields consolidate the solid gains. ‘Buy the dips’ rescues XAU/USD after the Fed-blow, except for how long?…

Market News
Copper Price Today: On the way to three-month-old support above $4.00

Copper Price Today: On the way to three-month-old support above $4.00

Copper bears take a breather around seven-week low, sidelined lately . Clear break of $4.45 support convergence, bearish MACD favor sellers. $4.30 can probe bears aiming for 100-day SMA, mid-March top. Having dropped to the fresh low…

Market News
AUD/USD drops below 0.7700, looks to post small losses for the week

AUD/USD drops below 0.7700, looks to post small losses for the week

The only data from the US showed on Friday that the University of Michigan’s Consumer Sentiment Index improved modestly to 86.4 in June’s preliminary reading from 82.9 in May. This print came in slightly better…

Market News
GBP/USD risks extra downside below 1.4080 – UOB

GBP/USD risks extra downside below 1.4080 – UOB

24-hour view: “We expected GBP to ‘trade between 1.4120 and 1.4185 yesterday’. GBP subsequently rose to 1.4190 before dropping sharply to 1.4110 during NY hours. While the rapid decline has room to dip below the main support…