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Flash: EUR/USD finds support as GBP/USD watches Carney entrance - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that EUR/USD found partial support while GBP/USD looks focused on the pending arrive of Carney at the BoE.

He begins by commenting that EUR/USD found partial support after the ECB’s Asmussen expressed caution towards negative deposit rates, although he added that the central bank would adhere to an expansionary policy for as long as necessary. He sees that in the near term, the pair may continue to range trade with the 55-day MA (1.2980) while 1.2823 is seen as a near term support. Moving to GBP/USD, he adds that structurally, markets may continue to harp on the imminent arrival of the new governor Carney in July and the attendant dovish fears, placing the GBP in a somewhat disadvantageous position. In the interim, he feels that the pair may also continue to be swayed by broad dollar moves with a potential towards the 1.5000 area.

Flash: What can we expect of the EUR/USD? – Commerzbank and TD Securities

The shared currency is gyrating around the key level at 1.2900 on Tuesday, keeping the weekly range as markets resumed their activity after yesterday’s holidays in the UK and US...
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Commodities Brief – Precious metals fall to intraday lows, crude holding above key supports

The price of gold traded in a rather tight consolidation yesterday, currently operating Tuesday at the same levels lower than seen previously, i.e. below the key resistance at 1400.00, and the main descending resistance for the whole bearish wave. Accordingly, neutrality persists in preparation of a breakout of this tight range to confirm the next potential move. In addition, the upside is favored, however the 1400.00 is needed to confirm a move higher, probably towards 1445.00-1450.00 resistance. At the time of writing, the yellow metal has settled at USD $1379.20 per oz. Tuesday during European trading.
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