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Editors’ Picks
EUR/USD climbs above 1.1400 on renewed USD weakness
EUR/USD starts the month of June on a bullish note and trades above 1.1400. The broad-based US Dollar weakness on re-escalating US-China trade tensions allows the pair to push higher as market focus shifts to the May ISM Manufacturing PMI data for May.
GBP/USD breaks above 1.3500 ahead of US PMI data
GBP/USD gathers bullish momentum and trades decisively higher on the day above 1.3500. The selling pressure surrounding the US Dollar on growing concerns over the US and China failing to come to terms on trade fuels the pair’s rally ahead of key US data.
Gold benefits from risk-aversion, surges beyond $3,350
Gold rallies on the first trading day of June and climbs above $3,350. The precious metal benefits from the risk-averse market atmosphere on a deepening Russia-Ukraine conflict and growing fears over the US and China struggling to reach a trade agreement.
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