- EUR/USD looks for direction near 1.0600 after steep sell-off to 1-year low
- GBP/USD tumbles to 3-month low; near oversold levels
- Gold reverses October’s rally; set for some consolidation
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EUR/USD drops back below 1.0550 as markets turn cautious
EUR/USD returns to the red below 1.0550 in the European session on Tuesday. The pair eases due to fading market's optimism over likely Chinese stimulus, allowing the US Dollar resume its upside. Increased dovish bets surrounding the ECB also add to the weight on the pair.
GBP/USD eases below 1.2750 amid renewed US Dollar buying
GBP/USD loses traction and falls below 1.2750 in European trading on Tuesday. The risk-sensitive pair bears the brunt of deteriorating risk sentiment, which helps the US Dollar find haven demand. Traders turn cautious heading toward Wednesday's US inflation test.
Gold price surrenders major part of intraday gains; downside seems limited
Gold price surrenders a major part of its intraday gains back closer to a two-week high touched the previous day and trades with a mild positive bias, just above the $2,660 level during the early European session on Tuesday.
Altcoins LTC, CRV and ONDO recover after retesting key support levels
Litecoin, Curve DAO and Ondo prices recover on Tuesday after retesting and bouncing off key support levels following Monday’s double-digit correction. The technical outlook suggests a further recovery ahead, with the Moving Average Convergence Divergence momentum indicator supporting the rebound.
How the US-China trade dispute is redefining global trade
Since Donald Trump took office in 2017, trade flows and market shares have changed substantially. We think that shift is set to continue under looming tariffs and a new protectionist environment.
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