The EUR/USD pair has witnessed some selling interest after facing stiff barricades around 1.0700 in the early European session. The major currency pair is consistently defending the crucial support of 1.0670, therefore, a breakdown of the same would result in wider bearish ticks. The Euro has come under pressure as investors are anticipating a bleak economic outlook in Eurozone. (FXStreet)

The GBP/USD pair has found a decent buying interest near the round-level support of 1.2400 in the London session. The Cable has shown recovery due to a decline in the US Dollar Index (DXY). The USD Index has faced selling pressure while attempting to reclaim Tuesday’s high around 104.40. (FXStreet)

The USD/CHF pair edges higher for the second successive day on Wednesday, albeit lacks follow-through and remains well within over a one-week-old trading band. Spot prices hover around the 0.9075-0.9080 region during the early part of the European session, below a technically significant 100-day Simple Moving Average (SMA) and a nearly two-month high touched last week. (FXStreet)

The USD/JPY pair is juggling in a narrow range above the crucial support of 139.00 in the Asian session. The asset seems vulnerable above the aforementioned support as the US Dollar Index is losing its charm. Where major central banks are gearing up for a fresh interest rate hike, investors are anticipating that the Federal Reserve (Fed) could pause its policy-tightening spell as the impact of interest rate hikes yet made has not passed. (FXStreet)

The AUD/USD pair is consistently failing to climb above the immediate resistance of 0.6680 in the European session. The Aussie asset is not getting the required strength despite a hawkish commentary came from the Reserve Bank of Australia. (FXStreet)

The NZD/USD pair struggles to capitalize on its modest gains registered over the past two days and comes under some selling pressure on Wednesday. The pair maintains its offered tone through the early European session and is currently placed near the daily low, near the 0.6060 area, down around 0.20% for the day. (FXStreet)​​​​​​​

The EUR/JPY cross drifts lower for the third successive day and drops to a multi-day low during the first half of trading action on Wednesday. Spot prices, however, recover a few pips during the early European session and bounce back to the 149.00 mark in the last hour. (FXStreet)

The EUR/CAD has delivered a breakdown of the consolidation formed in a narrow range of 1.4320-1.4340 in the London session. The asset has dropped to near the round-level support of 1.4300. More action is anticipated from the pair ahead of the interest rate decision by the Bank of Canada (BoC). (FXStreet)

USD/CAD aptly portrays the Loonie trader’s cautious mood ahead of the Bank of Canada (BoC) Interest Rate Decision as it pares recent losses around a multi-day low heading into Wednesday’s European session. That said, the quote stays defensive near the lowest level in a month despite recently picking up bids to 1.3405. (FXStreet)

EUR/GBP remains pressured around the intraday low near 0.8600 during the second daily fall amid the early hours of Wednesday’s London open. In doing so, the cross-currency pair takes clues from the downbeat German data while ignoring hawkish comments from the European Central Bank (ECB) officials and pessimism in the UK. (FXStreet)

The USD/TRY pair has witnessed a loss in the upside momentum after printing an all-time high of 22.08 in the late Asian session. The asset is expected to resume its upside journey as the sentiment about Turkish Lira has been soured after President Erdogan got another term. President Erdogan is working on reshuffling the cabinet and taking the economic policy in a new direction. (FXStreet)

USD/INR clings to mild gains around 82.55 as it defies the previous day’s Doji candlestick amid early Wednesday. In doing so, the Indian Rupee (INR) pair seems to justify the market’s dovish hopes from the Reserve Bank of India (RBI) ahead of Thursday’s monetary policy decision. (FXStreet)

USD/CNH looks set to reclaim 7.1300 as it rebounds from the intraday low amid mixed China trade numbers published early Wednesday. In doing so, the offshore China Yuan (CNH) fails to justify recently sluggish, mostly downbeat, US Dollar moves. (FXStreet)

WTI crude oil rebounds from the intraday low of $71.25 heading into Wednesday’s European session. In doing so, the black gold remains bearish for the second consecutive day amid economic fears, as well as the recent recovery in the US Dollar. (FXStreet)

Natural Gas (XNG/USD) price is demonstrating a back-and-forth action around $2.30 in the London session. The energy instrument is struggling to find any direction as investors are awaiting the release of the stockpiles for the week ending June 02 by the United States Energy Information Administration (EIA) on Thursday. (FXStreet)

Gold price (XAU/USD) has displayed a sharp drop to near $1,960.00 in the European session. The precious metal is trying to come out of the woods. A minor sell-off in the Gold price has been propelled by a recovery extension in the US Dollar Index (DXY). (FXStreet)

Silver comes under some selling pressure on Wednesday and sticks to its modest intraday losses through the early part of the European session. The white metal is currently placed just below the mid-$23.00s, with bears now awaiting a break below the 200-hour Simple Moving Average (SMA) before placing fresh bets and positioning for any further losses. (FXStreet)

Bitcoin (BTC/USD) fell through recent support yesterday on the back of the Binance news and currently trades around $25.5k. A previous level of resistance turned support around $25.2k is close and may not hold the current wave of negative sentiment hitting the cryptocurrency space. (DailyFX)

Source: FXStreet, DailyFX

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