 The forex markets are still generally staying in consolidative mode today, showing minimal reaction to the latest economic data and comments from central bank officials. Commodity currencies, along with Swiss Franc, are displaying relative strength. Meanwhile, Euro, Dollar, and Yen are on the weaker side. In the broader financial markets, the recent selloff in global equities seems to have found some temporary stability, though downside risks persist. Gold hovering just below 2400 mark, with prospect for an rising leg towards the critical 2500 resistance level, before forming a major bottom. WTI crude oil is retreating this week, but market participants remaining vigilant for any geopolitical escalations, particularly any retaliatory actions by Israel against Iran... |
