EUR/USD holds to gains, consolidates above 1.1600

By | June 21, 2018

EUR/USD rebounds after hitting fresh 1-year low. DXY retreats signaling a potential short-term top. The EUR/USD pair consolidate daily gains during the US session, benefit by a weaker US dollar. The euro rebounded after falling to test May lows. The pair started to recover after the Bank of England decision that boosted rate hike expectations.… Read More »

OPEC Delegate: OPEC, non-OPEC still discussing 4 scenarios for increasing output

By | June 21, 2018

LiveSquawk has recently reported that an OPEC delegate claimed that OPEC members and non-OPEC producers were still discussing four possible scenarios for a possible output hike. Discussions include 1 million, 1.5 million, and 1.8 million increase in production. Also recently, Iran’s oil minister said that he didn’t think that they would be able to reach… Read More »

EUR/GBP: BoE signals mitigate upside risks – Danske Bank

By | June 21, 2018

Analysts at Danske Bank expect EUR/GBP to continue trading within a range of 0.8650-0.8850 in coming months after today’s Bank of England decision. Long-term they see the pair moving lower. Key Quotes: “Given the hawkish signals from the BoE, we expect relative interest rates largely to mitigate the EUR/GBP upside risks stemming from Brexit uncertainty,… Read More »