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USD/CAD to re-test the 1.3320-1.3340 level

Jun 03, 2020

USD/CAD, which is trading at 1.3523 ahead of the BoC`s meeting, to continue to track the broader USD, which is consistent with a test of the second half of 2019 highs around 1.3320-1.3340

GBP/USD holds steady below 1.2600 mark, moves little post-UK PMI

Jun 03, 2020

The GBP/USD pair held on to its modest daily gains, albeit struggled to make it back below the 1.2600 round-figure mark post-UK macro data.

USD/CNY to trade at 7.05 by the end of 2020 โ€“ Nordea

Jun 03, 2020

As a result of the slower-than-expected recovery in private consumption and service sector activity, we revise down our GDP forecasts for this and next year to 1% and 8%

Gold Price Analysis: XAU/USD drops back to $1720 amid risk-on rally in equities

Jun 03, 2020

Gold (XAU/USD) reverses its Asian bounce to near 1732 levels and falls back into the red zone in the European session, having hit a new three-day low of 1720.83 in the last minutes.

USD/JPY consolidates near 2-month tops, just above mid-108.00s

Jun 03, 2020

The USD/JPY pair lacked any firm directional bias and seesawed between tepid gains/minor losses through the Asian session on Wednesday.

EUR/USD: Resistance at 1.1290 to unmask an overvalued euro

Jun 03, 2020

Short-term implied valuations have turned higher, but there remains a significant gap between that and the spot EUR/USD

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