Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the EUR/USD daily and 15 min charts.
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Editors’ Picks
EUR/USD remains offered around 1.1380
The EUR/USD maintains its bearish tone on Tuesday, presently lingering around the 1.1380 zone amid the persistent buying pressure on the US Dollar. The improved sentiment in the Greenback comes amid rising US yields and mixed US data results from JOLTs and US Factory Orders.
GBP/USD treads water in the low-1.3500s
GBP/USD stays in the offered position on Tuesday and trades in the low-1.3500s, constantly following the strong rise in the Greenback. In the meanwhile, Cable's price movement is in line with Bailey's cautious tone and the mixed data from the US docket.
Gold holds on to higher ground around $3,350
Gold is falling from its multi-week high of over $3,400 achieved on Monday. It is currently losing further momentum and flirting with the $3,350 region per troy ounce on the back of a strong Greenback, higher yields and mixed US data.
Cardano Price Forecast: Sign of robust bullish reversal emerges despite dwindling DeFi TVL volume
Cardano rebounds to test resistance at $0.69 as technical indicator flashes a buy signal. A minor increase in the derivative Open Interest to $831 million suggests growing trader interest in ADA.
AUD/USD drifts lower amid cautious RBA, global trade uncertainty
AUD/USD retreats to 0.6460 as Aussie loses ground after Monday’s rally. RBA minutes reveal that the board debated a 50 bps interest rate cut but opted for a 25 bps cut to preserve predictability. Focus shifts to US JOLTS Job Openings due later in the day, Wednesday’s Australian GDP and Friday’s NFP for fresh cues.
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