EUR/USD
EUR/USD moves little after registering more than 1% losses in the previous session, trading around 1.1590 during the Asian hours on Tuesday. The pair faced challenges as the US Dollar rose on trade optimism, driven by the trade deal between the United States and the European Union.
GBP/USD
The GBP/USD pair extends its losing streak for the fourth successive session, trading around 1.3340 during the Asian hours on Tuesday. The bearish bias prevails as the daily chart’s technical analysis suggests that the pair remains within the descending channel pattern.
USD/JPY
The USD/JPY pair ticks down to near 148.35 during the late Asian trading session on Tuesday, struggling to extend its three-day winning streak. The outlook of the pair remains firm as the US Dollar (USD) demonstrates strength, following the announcement of a trade agreement between the United States (US) and the European Union (EU).
AUD/USD
The Australian Dollar (AUD) moves little after registering losses in the previous three consecutive sessions, trading around 0.6520 during the Asian hours on Tuesday. The pair faced challenges as the US Dollar (USD) rose on the trade deal between the United States (US) and the European Union (EU).
NZD/USD
The NZD/USD pair rebounds a few pips from a one-week trough touched during the Asian session on Tuesday and climbs to the 0.5975 region in the last hour. Spot prices, for now, seem to have snapped a three-day losing streak, though any meaningful recovery seems elusive.
USD/CAD
USD/CAD halts its three-day winning streak, trading around 1.3740 during the Asian hours on Tuesday. The pair may further appreciate as the Canadian Dollar (CAD) could struggle amid rising tariff uncertainty between the United States (US) and Canada.
USD/CHF
The Swiss franc (CHF) loses ground against the US Dollar (USD) on Monday, dropping to its lowest level in over a week as renewed strength in the Greenback swept through currency markets. The move came as investors reacted to the newly signed trade agreement between the United States (US)and the European Union (EU).
CRUDE OIL
Oil prices were steady on Tuesday amid uncertainty about the global economic outlook following the U.S.-EU trade deal, and as investors awaited the U.S. Federal Reserve’s interest rate decision.
Gold price holds its rebound from three-week troughs early Tuesday. The US Dollar stalls its uptrend ahead of day 2 of US-China trade talks; awaits data, Fed. Technically, the path of least resistance for Gold price appears to the downside.
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