AUD/USD managed to advance modestly and revisit the 0.6550 region amidst increasing cautiousness prior to the publication of the RBA’s Monthly CPI Indicator for the month of January.
Gold trades marginally higher on the day above $2,030 on Tuesday. The benchmark 10-year US Treasury bond yield fluctuates in a narrow channel below 4.3% after latest US data, making it difficult for XAU/USD to gather directional momentum.
Bitcoin (BTC) price finally showed directional bias on Monday, following reports that the exchange-traded funds (ETFs) market was thriving on Monday. With this, optimism has restored in the BTC markets with the next target set for $60,000.
Despite a number of financial releases due out this week being quite interesting, on a monetary level, RBNZ’s interest rate decision caught our attention. In contrast to other central banks, the market’s expectations for RBNZ to ease its monetary policy tend to be rather low.