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- Bears are taking a breather after strong rejection at 1.20 zone on Friday
- Double rejection keeps the downside protected but recovery faces tough work at the upside to generate firmer bullish signal
- Aussie bounces from new two-year low but upticks seen limited; RBA in focus
- Silver drops below $20 for the first time in two years as recession fears hurt demand
- Gold dips below $1800, on track for the third consecutive weekly drop
- Eurozone inflation hits new record high in June
- WTI remains in red on recession fears, OPEC disappointment
- Dollar takes a breather after hitting new 24-year high vs yen
- Bears regained control and eye key supports
- The EU policymakers remain optimistic despite growing fears of recession