Markets got a little relief on Tuesday. Unfortunately, most of that relief was simply about the bleeding slowing down rather than any clear catalysts to suggest investor risk appetite was turning back up.

 

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NZD/USD gathers strength above 0.5950 after better-than-expected New Zealand employment data

The NZD/USD pair extends the rally near 0.5980 during the early Asian session on Wednesday. The further upside of the New Zealand Dollar is bolstered by the upbeat New Zealand employment report. Traders trim bets on RBNZ, pivoting to rate cuts next week. 

NZD/USD News

AUD/USD jumps toward 0.6550, with focus on Chinese trade data

AUD/USD jumps toward 0.6550, with focus on Chinese trade data

AUD/USD extends the rebound toward 0.6550 in the Asian session on Wednesday, in the wake of Tuesday's hawkish hold by the RBA. This, along with signs of stability in the financial markets underpins the Aussie. The focus remains on China's trade data and the Fed sentiment. 

AUD/USD News

Gold price approaches weekly low, 50-day SMA pivotal support

Gold price approaches weekly low, 50-day SMA pivotal support

Gold price trades with a negative bias during the Asian session on Wednesday. A stable performance around the equity markets and a modest USD uptick exert pressure on the XAU/USD. Bets for a 50-bps rate cut by the Fed in September and concerns about the global economic outlook should help limit losses for the metal.

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PolitiFi meme coins surge as market anticipates Trump and Musk interview

PolitiFi meme coins surge as market anticipates Trump and Musk interview

PolitIFi meme coins, themed after Republican nominee Donald Trump experienced gains on Tuesday following a series of events around the upcoming presidential race, including an interview with Tesla and SpaceX CEO Elon Musk slated for August 12. 

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Some relief but not out of the woods

Some relief but not out of the woods

Markets got a little relief on Tuesday. Unfortunately, most of that relief was simply about the bleeding slowing down rather than any clear catalysts to suggest investor risk appetite was turning back up.

Read more

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