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GBP/USD Pullback Likely Within 1.3400-1.3475 Range, UOB Says
UOB strategist Quek Ser Leang notes the pound's retreat from 1.3506 should be contained in a 1.3400-1.3475 band, after an overbought spike.
Euro Trades Flat Near 0.8570 Against Pound Amid Geopolitical Uncertainty
The euro held steady below 0.8570 versus sterling on Tuesday, retaining modest gains from Monday's bounce off last week's lows. Geopolitical concerns are keeping markets cautious.
Warsh speculation clouds Fed rate path, dollar exposed: Commerzbank
Commerzbank analyst Antje Praefcke argues that a potential Fed chair appointment of Kevin Warsh could shift tightening from rate hikes to market-led financing conditions, leaving the dollar vulnerable to incoming data.
AUD/USD Rises Above 0.7020 as US-Iran Hopes Lift Sentiment
The Australian dollar gained ground on Tuesday, climbing past 0.7020 against the greenback as reports of a potential US-Iran breakthrough boosted risk appetite.
EUR/USD: Consolidation with upside trigger at 1.1565 – UOB
UOB strategists note EUR/USD is consolidating after failing to hold above 1.1558. A close above 1.1565 is needed to extend gains.
Silver Jumps Above $59 on Cautious Iran Peace Optimism
Silver (XAG/USD) climbed above $59.00 on Tuesday, recovering from session lows near $56.50, as cautious hopes for peace in Iran supported the precious metal.
Canadian Dollar Weakens Ahead of US JOLTS Data
The Canadian dollar fell against the US dollar, with USD/CAD rising toward 1.4050 in early European trading as markets looked to upcoming US jobs data.
GBP/USD Under Pressure Near 1.3420; 1.3470 Trendline Remains Key Hurdle
The pound softened 0.1% to around 1.3420 against the dollar during European trading, with a downward-sloping trendline at 1.3470 capping any upside.
Swiss Franc Weakens as July Inflation Cools to Four-Month Low
Easing Swiss consumer prices in July push the franc lower, with USD/CHF holding near 0.8100 after two days of gains.
Indian Rupee Flat Ahead of RBI Policy Decision
The Indian rupee traded unchanged near 95.33 per US dollar on Tuesday as investors awaited the Reserve Bank of India's monetary policy announcement.
US JOLTs Report Eyed as Job Openings Hint at Wage Pressures
Markets focus on the June JOLTs data as a modest uptick in US job openings this year has historically signaled accelerating wage costs.
EUR/USD Flat Above 1.1500 as Markets Await US Jobs Data
The euro held steady against the dollar on Tuesday, with traders refraining from big bets ahead of the US Nonfarm Payrolls report.
Gold Holds Steady Above $4,050 as Fed Hike Bets, Iran Uncertainty Buoy USD
Gold prices are little changed above the $4,050 level as traders weigh expectations of further Federal Reserve rate hikes against escalating tensions in the Middle East, which supported demand for the US dollar.
Indonesian Rupiah Under Pressure as USD/IDR Snaps Losing Streak
The Indonesian Rupiah weakened on Tuesday, with USD/IDR reversing a four-day decline to trade near 18,090 amid geopolitical tensions and concerns over the country’s twin deficits.
EUR/USD Could Head Back to 1.1400 as Dollar Recovers
The Dollar Index is recovering from recent sharp moves, potentially pushing EUR/USD toward 1.1400.
AUD/JPY rebounds above 110.50, but key resistance caps gains
The Australian dollar rebounded above 110.50 versus the yen during early European trade, halting a six-day slide. Upside remains limited by key technical resistance.
USD/JPY edges up, short-term bounce toward 160 likely
The Japanese yen weakened on Tuesday after a strong rally in previous sessions, with analysts eyeing a possible move toward the 160 level.
EUR/JPY Holds Near 181.50 After Bouncing Off Eight-Month Highs
EUR/JPY edged higher to around 181.50 during Asian trading on Tuesday after three days of losses. The pair remains under both the 9- and 50-day EMAs, keeping a bearish near-term bias.
Japan's Finance Minister Declines to Comment on Joint FX Intervention
Finance Minister Satsuki Katayama refrained from commenting on the effectiveness of coordinated currency intervention with the US Treasury.
XAU/USD lacks bullish conviction amid US-Iran impasse, ahead of US jobs data
Gold is attempting a tepid bounce around $4,050, stalling a two-day decline, as markets weigh US-Iran risks and brace for US jobs reports later this week. The US JOLTS Job Openings Survey is in focus.
Japan’s Economy Minister Says Rising Costs Have Yet to Materially Pass Through
Japan's Economy Minister Minoru Kiuch stated that the broader pass-through of higher input costs remains limited, while the government and the Bank of Japan continue to coordinate on achieving sustainable 2% inflation.
DXY Steadies Near 100 as US-Iran Tensions Lend Support
The US Dollar Index held around the 100.00 psychological level on Tuesday, supported by rising geopolitical concerns between the US and Iran but unable to extend a minor Asian session uptick.
Silver Holds Gains Above $58.50 on US-Iran Talks
Silver extended gains for a second day, holding above $58.50 as safe-haven demand rose on US-Iran diplomatic signals.
New Zealand Dollar weakens under 0.5900 as US data and Iran worries lift greenback
NZD/USD slid to around 0.5870 in Asian trade on Tuesday, dragged by firm US PMI numbers and safe-haven demand amid uncertainty over US-Iran talks. Attention now turns to New Zealand’s upcoming employment release.