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EUR/USD stays in tight range below 1.1200 after US data
EUR/USD continues to fluctuate in a narrow band below 1.1200 in the second half of the day on Tuesday. The bearish opening in Wall Street and the upbeat consumer sentiment data from the US support the USD, limiting the pair's upside.
GBP/USD clings to daily gains above 1.3200
GBP/USD trades in positive territory above 1.3200 in the American session on Tuesday. The USD benefits from the cautious market mood and better-than-expected CB Consumer Confidence data, capping the pair's gains.
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Editors’ Picks
Gold holds comfortably above $2,500 despite rising US yields
Gold holds steady above $2,500 in the second half of the day on Tuesday. The benchmark 10-year US Treasury bond yield gains 1% above 3.8% after upbeat US data, making it difficult for XAU/USD to gather bullish momentum.
Markets in a waiting pattern with a potential explosion in volatility – Why?
The weakness of the Dollar tok a breezer but might continue these coming days. il prices steadied further after the strong support level holds the price from falling further. Geopolitical tensions and the end of the month might call for more upside potential here.
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.