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EUR/USD trades on the back foot near 1.0600
EUR/USD is trading near 1.0600 in Tuesday's European trading hours, finding fresh sellers amid a pause in the US Dollar corrective decline. The pair remains cautious amid increased dovish ECB rate cut bets and geopolitical risks. ECB and Fed policymakers' speeches eyed.
GBP/USD struggles below 1.2700, awaits Bailey's testimony
GBP/USD struggles below 1.2700 in European trading on Tuesday, lacking a bullish conviction amid a steady US Dollar and as investors opt to wait for the Bank of England's (BoE) Monetary Policy Report Hearings before placing aggressive directional bets.
Gold could run into sellers at $2,655 on the road to recovery
Gold price extends the recovery into Asian trading on Tuesday, reversing half the previous week’s decline. The focus remains on the upcoming speeches from US Federal Reserve (Fed) policymakers and geopolitical tensions between Russia and Ukraine.
Chiliz Price Forecast: Targeting a 40% upswing ahead
Chiliz (CHZ) price continues to trade in green on Tuesday after rallying more than 14% in the previous day. The technical outlook suggests a further gain of 40%, and CHZ’s open interest is also rising, indicating an influx of additional money.
The week ahead: Powell stumps the US stock rally as Bitcoin surges, as we wait Nvidia earnings, UK CPI
The mood music is shifting for the Trump trade. Stocks fell sharply at the end of last week, led by big tech. The S&P 500 was down by more than 2% last week, its weakest performance in 2 months, while the Nasdaq was lower by 3%. The market has now given back half of the post-Trump election win gains.
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