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EUR/USD holds steady near 1.0900 after ZEW sentiment data
EUR/USD continues to fluctuate at around 1.0900 in the European session 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.
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.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold rallies after the Fed Chairman has spoken
Gold is rallying after the Chairman of the Fed Jerome Powell said good progress was being made on inflation. His statements suggest a good chance the Fed will cut interest rates in the short term.
Litecoin price sets for a rally following the breakout of a falling wedge
Litecoin price broke above the falling wedge pattern on Monday, trading 1.36% higher on Tuesday. On-chain data highlights a capitulation event for LTC on July 15, potentially signaling forthcoming bullish momentum.
Canada CPI Preview: Inflation expected to ease in June as BoC ponders additional rate cuts
Canada is set to reveal the latest inflation data on Tuesday, with Statistics Canada publishing the CPI for June. Forecasts predict disinflationary pressures to resume in both the headline CPI and the Core CPI following May’s hiccup.