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AUD/USD: On the defensive above 0.7350 amid covid woes, RBA eyed

AUD/USD remains on the defensive towards 0.7350 amid growing coronavirus worries in Australia, which could prompt the RBA to delay its taper timing on Tuesday. Australia's Building Approvals data missed estimates. The US dollar trades better bid amid a risk-off mood. 


Gold: Asian traders test the bullish commitments

The price of gold has been trading in familiar ranges since mid-July and early August and attempts to break the $1,830s have failed on two occasions, so far. Central banks and covid fears are on the cards and US data will continue to pour in. 

Gold News

EUR/USD: Bull pennant in play above 200-SMA

EUR/USD picks up bids after a subdued performance on Monday. After a dull start to the week, EUR/USD gains upside momentum, poking 1.1875 amid the early Tuesday morning in Asia. Weaker Momentum line challenges the up-moves but pennant confirmation could propel the buyers.


Ethereum Classic price squeezed, puts ETC on the verge of a sharp move

Ethereum Classic price has not accomplished anything since claiming the 2018 high on July 24, showing a 3.60% gain over the last nine days. The lack of price traction stands in contrast to the unstoppable advance for Ethereum over the last 13 days. 

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Will Delta derail the economic recovery?

The Friday payrolls data in the US is going to dominate the relative importance of data releases this week, even if it shouldn’t because July conditions were still in transition and then complicated by the Delta surge.

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