- #AUD/USD# remains depressed around intraday low of 0.6407 as risk aversion joins sluggish momentum early Tuesday. The Aussie pair’s latest weakness could be linked to the multi-year high US Treasury bond yields and the fears emanating from the US banking sector, not to forget China woes.
- #EUR/USD# buyers flirt with the 1.0900 thresholds within a one-month-long falling wedge bullish chart formation on early Tuesday. The Euro pair’s latest moves could be linked to the market’s cautious mood ahead of this week’s top-tier data/events, as well as the recent fears emanating from the US banking sector.
- #gold# price consolidates in a range below the $1,900 mark during the Asian session. Hawkish Federal Reserve expectations underpin the US Dollar and cap the upside. A weaker risk tone lends support and helps limit losses for the safe-haven #XAU/USD# .
Follow me for more info ^ ^
Support me by registering account here.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Like this article? Show your appreciation by sending a tip to the author.
Leave Your Message Now