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EUR/USD moves above 1.1150 due to improved market optimism
EUR/USD recovers its recent losses from the previous session, trading around 1.1170 during the Asian hours on Tuesday. The market optimism prevails after US Air Force General C.Q. Brown, chairman of the Joint Chiefs of Staff, told Reuters that concerns about an imminent broader conflict in the region have diminished.
GBP/USD holds position around 1.3200 ahead of UK PM Starmer’s speech
GBP/USD inches higher following the easing of the concerns about an imminent broader conflict in the Middle East have diminished following an exchange of fire between Israel and Lebanon's Hezbollah that did not escalate further.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold needs acceptance above $2,530 for a fresh uptrend
Gold price has entered a phase of upside consolidation above $2,500, as buyers await fresh catalysts for a fresh leg higher. The focus now shifts to the mid-tier US housing and sentiment data, as the Middle East tensions seem to ease.
Ripple price is poised for a decline as on-chain metrics show a negative trend
Ripple's price looks set to unwind most of its recent gains after it retested and failed to overcome resistance from the daily resistance level on Saturday and declined 4.23% in the next two days. At the time of writing, it trades slightly up 1% on Tuesday.
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.