EUR/USD eyes a bullish reversal while USD/JPY stalls. CHF strengthening. Crypto bearish [Video]

Kim Cramer Larsson KCL Consult

Will EUR/USD reverse bearish trend? USDJPY rejected at 159.50 resist. EURJPY above resist. AUD/JPY at strong resistance. USD/CAD correction. CHF strengthening. Treasury yields could bounce. Gold bounce but still bearish. Crypto bearish.

Author

Kim Cramer Larsson

KCL Consult

Kim Cramer Larsson hosts the Daily Technical Update, a daily 15-20 minutes video with live charts.

AUD/USD recovers toward 0.7000 amid improving mood

AUD/USD is firming up toward 0.7000 in Asia on Tuesday, helped by improving market mood. A pause in the US Dollar rebound also aids the pair's upside. However, geopolitical risks and caution ahead of AI tech earnings report could limit the pair.

USD/JPY flatlines near 158.50 as markets seek direction

USD/JPY steadies around 158.50 in the Asian trading hours on Tuesday. Traders prefer to wait on the sidelines ahead of Japan’s National Consumer Price Index inflation data later on Friday. Meanwhile, elevated US bond yields provide some support to the US Dollar against the Japanese Yen.

Gold slides amid recovery in bond yields, higher oil prices

Gold price declines to near $4,120 in the early European trade. The precious metal faces selling pressure amid a recovery in yields on United States bonds and rising oil prices. US Treasury Yields have shown signs of recovery, with US hyperscalers set to report their Q3 earnings in near time. As of writing, 10-year US Treasury Yields are down 0.35% to near 5.13%

Ripple and Cardano face downside risk as Solana consolidates

Top altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL), stall on Tuesday after a bearish week, suggesting a brief pause in selling pressure. The technical outlook for XRP and ADA indicates a downside bias, while SOL shows mixed signals, with the price holding above $100 as momentum eases. Ripple trades at $1.2974 at press time on Tuesday, keeping a bearish near-term tone.

Chip bounce fails to inspire Asia and France weighs on Europe

Preview: US chips rebound, but Europe and Asia slide; oil firms on Gulf supply fears. Risk caught a bid on Monday, buoyed by better-than-expected Chinese Q3 26 GDP growth and a rebound in chipmakers. US equity benchmarks recovered most of Friday’s lost ground, with the S&P 500 touching gloves with the underside of its 50-day SMA around 7,705 and the Nasdaq 100 leading the way, adding 1.2%.

The US Dollar fell. Gold didn't rally. That tells you everything

Gold (XAU/USD) is struggling to capitalize on a weaker US Dollar (USD), after repeatedly failing to establish itself above the $4,200 level. The precious metal remains confined to a relatively narrow trading range despite a combination of developments that would normally support higher prices.