Dale J Pinkert
Independent Analyst
Coach covers AMZN USDJPY and SPX. Mike covers yesterday's Short Sale in FCX.
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AUD/USD extends losses towards dangerous levels
The AUD/USD pair declined by 0.40% to 0.6705 in Tuesday's session as the Australian Dollar faced renewed selling pressure. The US Dollar has regained strength, moving toward two-month highs due to increased risk aversion and ongoing concerns about China.
EUR/USD extends decline as ECB rate call looms ahead
EUR/USD fell further into the bearish side on Tuesday, declining one-fifth of one percent and slipping below the 200-day Exponential Moving Average. Price action closed below the 1.0900 handle for the first time since early August.
Gold trends upward amid falling US yields, US data eyed
Gold prices advanced Tuesday as US Treasury bond yields retreated, capping US Dollar gains. A light economic docket featured the New York Empire State Manufacturing Index and the release of the NY Fed Consumers Expectations Survey.
XRP back above $0.54 as Ripple makes key announcements at Swell 2024
Ripple (XRP) holds steady above key support at $0.54 on Tuesday as payment remittance firm Ripple makes announcements regarding exchange partners for its stablecoin RLUSD that is in the final stages of its launch.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
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