GBP/USD pair's recent consolidation within a downtrend suggests potential for further decline. Look for a break below the flag's lower boundary for entry, targeting subsequent support levels to capitalize on the bearish momentum.
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EUR/USD retreats toward 1.0850 as mood sours
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GBP/USD stays pressured toward 1.2900 as US Dollar stabilizes
GBP/USD is on the defensive toward 1.2900, struggling to find a foothold on Tuesday. The US Dollar holds steady following Monday's pullback amid a negative shift seen in risk sentiment, not allowing the pair to regain its traction.
Gold recovers above $2,400 as US yields retreat
Gold stages a rebound and trades above $2,400 on Monday after closing the fourth consecutive trading day in negative territory on Monday. The pullback seen in US Treasury bond yields help XAU/USD stretch higher despite the US Dollar's resilience.
Bitcoin price struggles around $67,000 as US Government transfers, Mt. Gox funds movement weigh
Bitcoin struggles around the $67,000 mark and declines by 1.7% at the time of writing on Tuesday at around $66,350. BTC spot ETFs saw significant inflows of $530.20 million on Monday.
Big tech rebound ahead of earnings, Oil slips
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Tesla and Google are due to report earnings today after the bell, and their results could shift the wind in either direction. Despite almost doubling its stock price between April and July, Tesla sees appetite for its cars and its market share under pressure.