Daily market news

forex Forex
08:00 - 19.06.2024
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USD/CHF remains on the defensive below 0.8850 as weaker US Retail Sales data boosts Fed rate cuts bet

The USD/CHF pair trades with mild gains near three-month lows around 0.8840 during the early European session on Wednesday.

forex Forex
07:00 - 19.06.2024
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EUR/USD Price Analysis: Seems vulnerable while below 1.0800 confluence support breakpoint

The EUR/USD pair ticks lower during the Asian session on Wednesday and moves further away from the weekly high touched the previous day.

forex Forex
06:00 - 19.06.2024
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NZD/USD drifts lower despite subdued USD demand, NZ Q1 GDP on Thursday in focus

The NZD/USD pair struggles to capitalize on the previous day's goodish rebound from sub-0.6100 levels, or over a one-week low and attracts some sellers during the Asian session on Wednesday.

forex Forex
04:00 - 19.06.2024
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GBP/USD consolidates in a range around 1.2700 mark, eyes UK CPI for fresh impetus

The GBP/USD pair struggles to gain any meaningful traction on Wednesday and oscillates in a narrow trading band, around the 1.2700 round-figure mark during the Asian session.

forex Forex
02:00 - 19.06.2024
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USD/CAD extends downside below 1.3750 on weaker Retail Sales

The USD/CAD pair trades in negative territory for the fourth consecutive day around 1.3715 during the early Asian session on Wednesday.

commodities Commodities
00:00 - 19.06.2024
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Silver Price Analysis: XAG/USD stays firm and consolidates around $29.50

Silver recovered some ground and traded above $29.50 for a second consecutive trading day, up by 0.30%.

forex Forex
18:00 - 18.06.2024
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GBP/USD Price Analysis: Remains bearish, falls below 1.2700

The Pound Sterling creeps lower against the US Dollar on Tuesday, amid a scarce economic docket in the UK following the release of mixed data in the United States.

forex Forex
17:00 - 18.06.2024
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USD/CAD Price Analysis: Breaks out of Symmetrical Triangle pattern

USD/CAD has decisively broken above the upper borderline of a large Symmetrical Triangle price pattern on the daily price chart.

forex Forex
16:00 - 18.06.2024
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NZD/USD partially recovers after the release of lower-than-expected US Retail Sales

NZD/USD recovers almost a quarter of a percent to trade in the 0.6110s after the US Dollar (USD) softens, following the release of monthly US Retail Sales data, which shows shoppers tightened their belts in both April and May.

forex Forex
14:00 - 18.06.2024
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USD/CHF falls amid upwards revision to Swiss growth and SNB meeting uncertainty

USD/CHF trades in the 0.8870s on Tuesday, around a quarter of a percent lower on the day, after the release of Swiss government data showed an upwards revision to growth forecasts in 2024.

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