There were plenty of worrying signs on Monday. The US yield curve narrowed as recession worries grew. We saw a healthy GDP miss out of China, and some more data misses out of Europe including an abysmal Eurozone industrial production print.

 

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Editors’ Picks

AUD/USD dips below 0.6750 amid China worries-driven risk aversion

AUD/USD dips below 0.6750 amid China worries-driven risk aversion

AUD/USD is losing ground below 0.6750 in the Asian session on Tuesday. The US Dollar rebounds alongside the USD/JPY pair, undermining the pair. China's economic concerns-driven risk-off mood also weighs on the higher-yielding Aussie. US Retail Sales data and Fedspeak eyed. 

AUD/USD News

USD/JPY stretches beyond 158.50, awaits US Retail Sales data

USD/JPY stretches beyond 158.50, awaits US Retail Sales data

USD/JPY is extending gains above 158.50 in Asian trading on Tuesday. Despite risk aversion and the Fed-BoJ policy divergence, the Japanese Yen is under intense selling pressure against the US Dollar. Traders eye more cues from the US Retail Sales data and Fedspeak before placing fresh bets. 

USD/JPY News

Gold price bulls retain control despite modest USD strength, risk-on environment

Gold price bulls retain control despite modest USD strength, risk-on environment

Gold price remains close to a nearly two-month top set on Monday amid rising Fed rate cut bets. Investors seem convinced that the Fed will begin its rate-cutting cycle at the September meeting. The risk-on mood, along with a modest US Dollar strength, might cap the upside for the XAU/USD. 

Gold News

Ethereum ETFs to launch next Tuesday. Here’s why ETH's price could be set to explode

Ethereum ETFs to launch next Tuesday. Here’s why ETH's price could be set to explode

Ethereum is up more than 7% on Monday following updates from Bloomberg analysts that the SEC would potentially greenlight spot ETH ETFs to launch next week Tuesday. The increased inflows across global Ethereum investment products also align with the new development.

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Trading the week ahead

Trading the week ahead

This week presents several high-probability opportunities to closely monitoring. The Canadian CPI print is one of the main events. The Bank of Canada has expressed concern about the impact of higher interest rates on mortgage holders, with about 50% yet to remortgage. 

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Majors

Cryptocurrencies

Signatures