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EUR/USD holds steady near 1.0900 after ZEW sentiment data
EUR/USD fluctuates near 1.0900 on Tuesday. The data published by ZEW showed that the Economic Sentiment Index for Germany and the Eurozone declined sharply in July, making it hard for the Euro to find demand, as focus shifts to US Retail Sales data.
GBP/USD bounces off 1.2950 ahead of US data
GBP/USD has recaptured the 1.2950 barrier in European trading on Tuesday, reverting toward the 2024 high of 1.2995. The pair shrugs off a cautious market mood, as the US Dollar stalls its rebound ahead of the US Retail Sales data and Fedspeak.
Gold climbs to multi-week highs above $2,440
Gold gathers bullish momentum and trades at its strongest level since late May above $2,440. The benchmark 10-year US Treasury bond yield loses more than 1% on the day below 4.2%, helping XAU/USD push higher on Tuesday.
Bitcoin price consolidates near $62,000 despite liquidation of $71.02 million in short position and surge in Open Interest
Bitcoin (BTC) sees a 3% price decline on Tuesday, trading around the $63,000 level at the time of writing. On-chain data shows a liquidation of $71.02 million in short positions and a rise in open interest.
ECB bank lending survey shows only modest pickup in expected loan demand
While the economy has returned to growth and interest rates are coming down, loan demand is only modestly improving as bank credit standards remain tight. For the ECB, there is nothing in the data that moves the needle for coming rate cuts.