EUR/USD
EUR/USD holds firms above the 1.1700 threshold in the early Tuesday European session as the US Dollar weakens while investors wait for the latest Nonfarm Payrolls report later today. At the time of writing, the pair trades at 1.1739 unchanged.
GBP/USD
The GBP/USD pair extends its sideways consolidative price move through the Asian session on Tuesday and currently trades around the 1.3370-1.3365 region, nearly unchanged for the day. Traders seem reluctant and opt to wait for this week’s important macro releases and the key central bank event risk before placing fresh directional bets.
USD/JPY
The USD/JPY pair loses traction to around 155.10 during the early Asian session on Tuesday. The Japanese Yen (JPY) edges higher against the US Dollar (USD) amid the expectation that the Bank of Japan (BoJ) will raise interest rates at the upcoming policy meeting on Friday. Traders will closely monitor key US economic data, including Nonfarm Payrolls (NFP), Retail Sales, and Purchasing Managers Index (PMI), which are due later on Tuesday.
AUD/USD
The AUD/USD pair attracts some sellers for the fourth straight day on Tuesday and trades around the 0.6630 region, down just over 0.10%, during the Asian session.
Against the backdrop of last Thursday’s mixed Australian employment details, disappointing Chinese macro data released on Monday revied concerns about the health of the world’s second largest economy. This, along with a weaker tone around the global equity markets, is seen weighing on the perceived riskier Australian Dollar (AUD) and the AUD/USD pair.
NZD/USD
The NZD/USD pair trades in negative territory for the fourth consecutive day around 0.5775 during the early Asian session on Tuesday. The downbeat Chinese economic data exert some selling pressure on the New Zealand Dollar (NZD) against the US Dollar (USD). Traders brace for the release of a slew of US economic data, including the delayed November jobs report.
USD/CAD
The USD/CAD pair trades in a tight range around 1.3775 during the Asian trading session on Tuesday. The Loonie pair consolidates as the US Dollar (USD) remains on the defensive ahead of the delayed United States (US) Nonfarm Payrolls (NFP) combined report for October and November, which will be published at 13:30 GMT.
USD/CHF
The USD/CHF pair trades stably around 0.7960 during the early European trading session on Tuesday. The Swiss Franc pair remains calm as investors await the United States (US) Nonfarm Payrolls (NFP) report for October and November, which will be published at 13:30 GMT.
CRUDE OIL
Oil prices fell on Tuesday, adding to the previous session’s losses, as prospects for a Russia-Ukraine peace deal appeared to strengthen, raising expectations of a potential easing of sanctions.
Gold (XAUUSD) holds steady after a brief pullback and remains near a key breakout zone. The Federal Reserve’s dovish shift has strengthened the metal’s outlook. Falling yields and prolonged low-rate expectations continue to support non-yielding assets like gold. At the same time, global risks and geopolitical tensions add to safe-haven demand. Despite short-term headwinds, the broader uptrend remains intact.
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