The Gold Price Could Slide Further
The Gold, US Dollar price attempted a recovery above the $1,810 level before declining rapidly. XAU/USD took a pause near $1,770 before sliding further.
EUR/GBP Pair Remains Bullish Above 0.8600
During today’s Asian trading session, bids for EUR/GBP increase in an effort to recover from the week’s opening losses at 0.8615. The cross-currency pair continues to move inside a two-week-long ascending trend channel.
GBP/USD at Risk of Further Losses
The British Pound, US Dollar pair started to decline from the 1.2400 resistance level. GBP/USD traded below support at 1.2200 and continued bearish.
West Texas Intermediate (WTI) Hits Biggest Daily Loss in Four Months Around 99.00 USD
In the Asian trading session today, WTI crude oil increased bids to 99 USD as it reverses the largest daily loss since March. As supply-crunch concerns were overwhelmed by fears of a recession, the black gold experienced the greatest loss while resetting the three-month low.