According to the latest outcome of the daily Opinionway poll, Centrist candidate Emmanuel Macron is seen beating far-right candidate Marine Le Pen in the second round of French elections by 60% to 40%, with a gap narrowing a bit from previous 61%-39%.
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EUR/USD challenges 1.1800, two-week lows
EUR/USD remains on the defensive, extending its leg lower to the vicinity of the 1.1800 region, or two-week lows, on Tuesday. The move lower comes as the US Dollar gathers further traction ahead of key US data releases, inclusing the FOMC Minutes, on Wednesday.
GBP/USD looks weaker near 1.3500
GBP/USD adds to Monday’s pessimism and puts the 1.3500 support to the test on Tuesday. Cable’s marked pullback comes in response to extra gains in the Greenback while disappointing UK jobs data also collaborate with the offered bias around the British Pound.
Gold loses further momentum, approaches $4,800
Gold recedes to fresh two-week troughs around the $4,800 region per troy ounce on Tuesday. The precious metal builds on Monday’s downtick following a marked rebound in the US Dollar and mixed US Treasury yields across the board.
Crypto Today: Bitcoin, Ethereum, XRP upside looks limited amid deteriorating retail demand
The cryptocurrency market extends weakness with major coins including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) trading in sideways price action at the time of writing on Tuesday.
UK jobs market weakens, bolstering rate cut hopes
In the UK, the latest jobs report made for difficult reading. Nonetheless, this represents yet another reminder for the Bank of England that they need to act swiftly given the collapse in inflation expected over the coming months.
FedEx (FDX) outpaces stock market gains: What you should know
FedEx (FDX) ended the recent trading session at $374.72, demonstrating a +1.42% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.05%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq decreased by 0.22%.