United States MBA Mortgage Applications increased to -2.5% in May 29 from previous -8.5%

EUR/USD Price Forecast: Tests 1.1600 amid flaring geopolitical tensions, higher Oil prices

The Euro (EUR) resumed its downtrend against a stronger US Dollar (USD) on Wednesday, with bears testing support at the 1.1600 level.
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ECB’s Elderson: Balance of risks has clearly deteriorated

European Central Bank (ECB) Vice-Chair of the Supervisory Board Frank Elderson said during the European trading session on Wednesday that the balance of risks has clearly deteriorated due to Middle East conflicts.
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