There hasn’t been much change to the overall picture as we come into Tuesday. On the FX side, it’s been about a repricing of policy expectations which have shifted back in the US Dollar’s favor. Odds for a 50-basis point Fed rate cut have come off the table, while odds for a 25-basis point ECB cut this week have moved towards a near certainty.

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EUR/USD stays weak below 1.0900 ahead of German/ EU data

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EUR/USD drifts lower below 1.0900 in European trading on Tuesday. Resurgent US Dollar demand and a cautious risk tone weigh on the main currency pair. Traders now look to Germany's ZEW survey and Eurozone Industrial Production data ahead of Fedspeak. 

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GBP/USD recovers above 1.3050 after UK data

GBP/USD recovers above 1.3050 after UK data

GBP/USD finds fresh buyers and regains 1.3050 early Tuesday. The data from the UK showed that the ILO Unemployment Rate declined to 4% in the three months to August, with Employment Change rising 373K, but failed to deter Pound Sterling.

GBP/USD News
Gold price remains depressed amid smaller Fed rate cut bets; lacks follow-through selling

Gold price remains depressed amid smaller Fed rate cut bets; lacks follow-through selling

Gold price ticks lower for the second straight day amid smaller Fed rate cut bets and a bullish USD. Signs of a slowdown in China – the biggest bullion consumer – further undermine the XAU/USD.

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Bitcoin targets $70,000 as bullish momentum builds

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Bitcoin is retesting its key resistance level, and a solid close above this threshold could fuel its ongoing rally. Meanwhile, Ethereum has successfully breached its resistance, signaling potential upward momentum, while Ripple approaches its crucial resistance barrier.

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RBA widely expected to keep key interest rate unchanged amid persisting price pressures

RBA widely expected to keep key interest rate unchanged amid persisting price pressures

The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.

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