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EUR/USD grinds higher toward 1.1700 ahead of German ZEW, US CPI
EUR/USD is picking up bids and approaching 1.1700 in the European session on Tuesday. The pair draws support from a broad US Dollar retreat as traders refrain from placing fresh bets on the Greenback ahead of the US CPI inflation data. German ZEW Survey and Eurozone industrial data are also awaited.
GBP/USD recovers to 1.3450, awaits US CPI for fresh impetus
GBP/USD is on a gradual recovery from three-week lows, testing 1.3450 in Tuesday's European trading. A cautiously optimistic market mood combined with a broadly weaker US Dollar underpins the pair ahead of the critical US CPI data and BoE Governor Bailey's speech.
Gold price retains intraday positive bias; remains close to multi-week top ahead of US CPI
Gold price sticks to modest intraday gains around the $3,360 region heading into the European session and remains close to a three-week high touched the previous day. The US Dollar eases from a multi-week top amid some repositioning trade ahead of the crucial US consumer inflation figures, which is seen as a key factor acting as a tailwind for the commodity.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP decline as holders realize massive gains
Bitcoin (BTC) price faces a pullback, trading below $108,000 at the time of writing on Tuesday as traders opted to take profits following strong rallies. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps, correcting nearly 2% and 3%, respectively, facing rejection from their key levels of $3,000 and $3.
Five fundamentals for the week: Investors eye tariff circus and US inflation data Premium
Which country will be the next to receive a letter from America? US President Donald Trump has been extending his tariff threats through the weekend. Has the US economy felt the consequences of levies already imposed? These are the topics for another hot summer month.
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