EUR/USD
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 intraday slide is sponsored by a goodish pickup in the US Dollar (USD) demand and drags spot prices back below the 1.1400 round figure in the last hour.
GBP/USD
GBP/USD Held steady within recent consolidation on Monday, testing the waters near 1.3550. Cable traders are bracing for a fast one-two punch of UK and US data over Tuesday and Wednesday, and trade-related headlines continue to loom over market sentiment, further crimping momentum as investors hope for a cooldown in the US’s latest broad tariff tensions with China.
USD/JPY
USD/JPY is consolidating the uptick to 145.30 in Asian trading on Tuesday. The latest leg up in the pair was sponsored by BoJ Governor Ueda’s comments, which weighed heavily on the Japanese Yen. The focus remains on US-China trade talks.
AUD/USD
AUD/USD bounces off the 0.6500 mark, as the US Dollar fades the rebound led by the USD/JPY upswing in Tuesday’s Asian trading. Hopes for a de-escalation of US-China trade tensions offset mixed Australian consumer and business sentiment data, keeping the pair underpinned.
NZD/USD
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.
USD/CAD
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.
USD/CHF
The USD/CHF pair slides over 0.2% during European trading hours on Monday and struggles to hold the key level of 0.8200. The Swiss Franc pair weakens as the US Dollar underperforms across the board ahead of the meeting between trade negotiators from the United States (US) and China in London during the day.
CRUDE OIL
Oil prices eked out modest gains in Asian trading on Tuesday as investors awaited the outcome of ongoing U.S.-China trade talks in London, while a lack of progress in U.S.-Iran nuclear negotiations also supported prices.
Gold price is back to testing the $3,300 threshold early Thursday amid resurgent US Dollar demand. However, traders continue to maintain caution, watching the US-China trade talks in London.
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