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AUD/USD now looks at a test of 0.6800
AUD/USD left behind Monday’s pullback and refocused on the uptrend, with the immediate target at the key 0.6800 barrier, all ahead of the release of key inflation figures measured by the RBA on Wednesday.
EUR/USD remains bid and close to the 1.1200 region
The resurgence of the downward bias in the Greenback allows EUR/USD to regain balance and trade with decent gains in the proximity of recent YTD peaks around the 1.1200 region on Tuesday.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold remains firm and challenges record high
Prices of Gold add to the ongoing uptrend beyond the key $2,500 mark per ounce troy on the back of the marked pullback in the US Dollar and mixed performance of US yields across various time frames.
Ripple whales fuel XRP demand, buy 50 million tokens in 24 hours
Ripple (XRP) lost key support at $0.65 early in August. Since then the altcoin is trading sideways. Key market movers like whale accumulation, XRP supply distribution and on-chain activity are likely influencing the altcoin’s price.
Three fundamentals for the week: Focus on the fragility of the US economy Premium
US Consumer confidence data will provide a gauge of how consumers are feeling. Jobless claims are in focus after Fed Chair Powell's dovish speech. Investors will look to the core PCE index to confirm that inflation is falling.