Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
The sharp price moves in EUR/USD in recent weeks are extraordinary for such a liquid currency pair. We argue that despite the sharp correction higher, the downtrend in EUR/USD remains intact.
That said, our house view that the Fed may not be ready to hike interest rates until the end of the year provides a strong argument in favour of a moderation in the pace of any further USD gains in the coming months.
