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EUR/USD attacks 1.0800 ahead of EU inflation data
EUR/USD is battling 1.0800 in the early European session on Tuesday, undermined by the latest US Dollar bounce. Traders keenly await the EU inflation data and the US jobs survey for further impetus as US President Trump's 'reciprocal tariffs' announcement looms on Wednesday.
GBP/USD treads water above 1.2900 ahead of US data, tariffs
GBP/USD is trading on the defensive while holding above 1.2900 in Tuesday's European trading. The pair loses ground amid a modest US Dollar uptick as traders resort to repositioning in the lead-up to the top-tier US economic data releases and Wednesday's tariffs announcements.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold price eases from record high; bullish bias remains amid worries over Trump's tariffs
Gold price retreats slightly after touching a fresh all-time high on Tuesday as bulls pause for a breather and opt to wait for US President Donald Trump's reciprocal tariffs announcement. Adding to this, a positive tone around the Asian equity markets also acts as a headwind for the commodity amid overbought conditions on the daily chart.
PEPE could rally to double digits if it breaks above its key resistance level
Pepe memecoin approaches its descending trendline, trading around $0.000007 on Tuesday; a breakout indicates a bullish move ahead. Moreover, PEPE's long-to-short ratio supports a bullish thesis as bullish bets among the traders reach the highest over a month.
PEPE Price Forecast: PEPE could rally to double digits if it breaks above its key resistance level
Pepe (PEPE) memecoin approaches its descending trendline, trading around $0.000007 on Tuesday; a breakout indicates a bullish move ahead.