Gold price (XAU/USD) struggles to capitalize on its modest intraday bounce from the $3,300 neighborhood and remains below the overnight swing high through the first half of the European session on Tuesday.
USD/CAD extends its winning streak for the third successive session, trading around 1.3700 during the Asian hours on Tuesday. The pair appreciates as the US Dollar (USD) gains ground as market sentiment improves amid easing tariff war tensions between the United States and China.
The Indian Rupee (INR) gives back its initial gains against the US Dollar (USD) during European trading hours on Tuesday. The USD/INR pair flattens around 85.65 as the US Dollar trades calmly, awaiting the release of the United States (US)-China meeting minutes.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.65 during the Asian trading hours on Tuesday. The WTI price climbs to nearly seven-week highs, bolstered by a potential trade deal and a weaker US Dollar (USD).
The GBP/USD pair retraces its recent gains, trading around 1.3540 during Asian hours on Tuesday. The technical analysis of the daily chart indicates a persistent bullish bias as the pair moves upwards within an ascending channel pattern.
The EUR/USD pair struggles to capitalize on the previous day's move higher and attracts fresh sellers near the 1.1435 region during the Asian session on Tuesday.
The Japanese Yen (JPY) rebounds from a nearly two-week low touched against its American counterpart earlier this Tuesday and turns positive for the second straight day heading into the European session.
Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday, “we will raise interest rates if we have enough confidence that underlying inflation nears 2% or moves around 2%.”
The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Tuesday after paring daily losses. However, the AUD/USD pair receives support from hopes for a cooldown in the United States’ (US) latest broad tariff tensions with China.
China's Vice President Han Zheng said on Tuesday that the Chinese government is ready to work with the European Union to further expand areas of cooperation and promote new development in China-EU relations.
The NZD/USD pair extends its upside to near 0.6055 during the early Asian session on Tuesday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) amid hope of US-China trade talks. The second day of trade talks will be in the spotlight on Tuesday.
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1840 as compared to the previous day's fix of 7.1855 and 7.1853 Reuters estimate.
The Gold price ( XAU/USD) posts modest gains to near $3,325 during the early Asian session on Tuesday, bolstered by a weaker US Dollar (USD). Investors await the ongoing US-China trade talks on Tuesday for fresh catalysts.
Trade talks between the United States (US) and China will continue into a second day as the world’s two largest economies look to ease tensions over shipments of technology and rare earth elements, per Bloomberg.
The USD/CAD pair trades on a flat note near 1.3700 during the early Asian session on Tuesday. Cooling tensions between the US and China could provide some support to the Greenback. US-China trade talks will extend to a second day and will be closely monitored.
EUR/JPY prolongs its rally to four straight days as Tuesday’s Asian session begins. At the time of writing, the cross-pair exchange hands at 165.16, up 0.06%, and is up 0.09% in the week so far.
The U.S. Securities and Exchange Commission may soon ease the regulatory burden on decentralized finance platforms as Chairman Paul Atkins outlines a potential "innovation exemption" aimed at prote...
The US Dollar dropped as US-Sino trade talks began in London on Monday, amid an improvement in risk appetite and the first reports that talks are going well, according to US President Donald Trump.
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