The first trading day of the week is coming to an end, so let’s look back at what’s been moving and shaking in the forex markets. Pound/Yen started moving lower after 6 o’clock in the morning, and it is the mover of the day with a drop of point 96%. Japanese producer price index continued growing in May, and Yen is the most bullish major, point 22% up from Aussie which, in turn, is just a fraction North from another commodity currency, the Loonie. A number of currencies are trading within a very narrow range from each other, with Euro almost level with the Greenback, and, in turn, it is trailed by Swissie. And moving a fraction lower, we get to Kiwi, which nevertheless is point 45% up from the most bearish major, namely, the Pound. Traders are bearish on Sterling as the UK snap election has introduced plenty of political uncertainty just ahead of the Brexit talks. As to the weekly chart, Australia/Swiss Franc is the most bullish pair with a gain of 1.81%, while Pound/Australia posts the biggest decline, standing more than 3% in the red. Euro/Pound is the top performer in monthly terms, as it’s up by 5.45%, and Pound/Swiss Franc is the most bearish instrument with a decline of 6.13%. I’m Kiays Khalil and these were the Movers and Shakers for Monday. Check back in tomorrow for the next overview. Goodbye.
The first trading day of the week is coming to an end, so let’s look back at what’s been moving and shaking in the forex markets.
Pound/Yen started moving lower after 6 o’clock in the morning, and it is the mover of the day with a drop of point 96%.
Japanese producer price index continued growing in May, and Yen is the most bullish major, point 22% up from Aussie which, in turn, is just a fraction North from another commodity currency, the Loonie.
A number of currencies are trading within a very narrow range from each other, with Euro almost level with the Greenback, and, in turn, it is trailed by Swissie.
And moving a fraction lower, we get to Kiwi, which nevertheless is point 45% up from the most bearish major, namely, the Pound. Traders are bearish on Sterling as the UK snap election has introduced plenty of political uncertainty just ahead of the Brexit talks.
As to the weekly chart, Australia/Swiss Franc is the most bullish pair with a gain of 1.81%, while Pound/Australia posts the biggest decline, standing more than 3% in the red.
Euro/Pound is the top performer in monthly terms, as it’s up by 5.45%, and Pound/Swiss Franc is the most bearish instrument with a decline of 6.13%.
I’m Kiays Khalil and these were the Movers and Shakers for Monday. Check back in tomorrow for the next overview. Goodbye.
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