The Mexican Peso (MXN) is trading flat against the US Dollar (USD) during Tuesday’s US session, as investor focus remained on the ongoing US–China trade talks in London.
The Dow Jones Industrial Average (DJIA) is still trading into the high end of recent congestion on Tuesday. Market momentum remains limited overall as traders brace for a one-two punch of trade headlines and key post-tariff Consumer Price Index (CPI) inflation data due on Wednesday.
Gold price clings to modest gains on Tuesday after bouncing off a daily low near the $3,300 figure as talks between the United States (US) and China appear to be progressing well, improving risk appetite among investors who are driving US equities higher. The XAU/USD trades at $3,328, up 0.10%.
US official reports ongoing US/China talks with technical details being worked out. Not so hot news is there is lack of progress in Iran's nuclear negotiations
A surge in cyberattacks has affected Japan’s online trading sector, as hijackers continue to compromise brokerage accounts and execute fraudulent trades worth hundreds of billions of yen.
The Japanese Yen (JPY) is steadying against the US Dollar (USD) on Tuesday, with the USD/JPY pair hovering above the 144.00 level in relatively muted trade.
West Texas Intermediate (WTI) crude Oil price is trading higher on Tuesday, extending its upward move for the fourth consecutive day, and supported by ongoing optimism around the second day of US–China trade talks in London.
A large majority of 59 economists polled by Reuters expect the Bank of England (BoE) to cut the policy by 25 basis points (bps) in the third quarter and the fourth quarter, bringing down the bank rate to 3.75% from 4.25%, where it currently stands.
59 of 105 economists polled by Reuters said that they expect the Federal Reserve (Fed) to resume cutting interest rates in the next quarter, likely in September.
iFOREX Financial Trading Holdings has pushed back its planned initial public offering on the London Stock Exchange (LSE), citing the need to wrap up a compliance inspection in the British Virgin Is...
The Japanese Yen (JPY) is strengthening against the British Pound (GBP) on Tuesday, following the release of employment data that suggests the UK economy may be under pressure.
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, gives back its early gains and flattens around 99.00 during European trading hours on Tuesday.
The Euro (EUR) is also entering Tuesday’s NA session unchanged vs. the US Dollar (USD) with a modest recovery of mild late Asian/early European session weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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