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EUR/USD holds steady above 1.1150 amid quiet markets
EUR/USD is holding steady above 1.1150 in the European morning on Tuesday. The US Dollar struggles to extend recovery, supporting the pair amid a cautiously optimistic market mood. The focus shifts to mid-tier US economic data.
GBP/USD trades around 1.3200 as USD recovery stalls
GBP/USD is treading water at around 1.3200 in the European session on Tuesday. Easing concerns over a broader Middle East conflict check the rebound in the safe-haven US Dollar, helping the pair to stay afloat ahead of US sentiment and housing data.
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.