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Preliminary eurozone CPI data for May will likely show depressed inflation. Without shocking figures, the EUR/USD pair has room to rise, in the opinion of FXStreet’s analyst Yohay Elam. Key quotes “Petrol will likely put pressure on CPI, with expectations standing at 0.2%. A drop to 0% – stagnatio

GBP/USD Yesterday, the GBP/USD exchange rate tested the resistance formed by the 55– and 200-hour SMAs near 1.2240. During Friday morning, the rate declined to the 1.2180. Note that the currency pair is pressured by the 100-hour SMA near 1.2230 as well. Thus, some downside potential could prevail

The Covid-19 pandemic outbreak has triggered the volatility in crude oil prices, leading to the blow-up of the Yuan You Bao, or literally "crude oil treasure" futures product of the Bank of China (BOC). There has been a lot of discussion and analysis on the cause and effect of this "Yuan You Bao inc

USD/CAD The US Dollar has surged by 135 basis points or 0.97% against the Canadian Dollar since yesterday's trading session. The currency pair tested the upper boundary of a descending channel pattern at 1.4020 on Friday morning. As for today's session, the USD/CAD exchange rate could continue to

EUR/USD On Thursday, the EUR/USD currency pair failed to exceed the resistance level—the weekly R3 at 1.1008. During today's morning, the pair declined below 1.0920. Theoretically, it is likely that the exchange rate could gain support from the 200-hour SMA, the weekly R1 and the Fibo 23.60% in th

AUD/USD The Australian Dollar has declined by 80 basis points or 1.22% against the US Dollar since Thursday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern on Thursday. Given that a breakout had occurred, the AUD/USD currency pair would continue to

It's been risk-on for some, but the rates market must be wondering what the equity markets are on exactly. The divergence between the two has been stark. Talk of negative rates at one extreme versus virus redemption at the other. One thing is for sure; systemic risks have fallen. Even in the eurozon

USD/JPY Current price: 107.46 The BOJ announced a further 30 trillion yen program to broaden coronavirus support. Japan’s National inflation ex-fresh food, fell to -0.2% YoY in April. USD/JPY holds within familiar levels, increasing bearish potential. The USD/JPY pair is trading mar

(Bloomberg) -- Investors need to guard against violent price swings as markets become increasingly fragile, according to Bank of America Corp.Fragility has increased due to high-frequency traders shutting down machines as stress rises, which hurts liquidity, as well as by trend-chasing among investo