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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

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