PBOC sets USD/CNY reference rate at 7.2056 vs. 7.1795 previous

EUR/USD stays better bid near 1.1650 in the European session on Tuesday. The prospect of a US interest rate cut on Wednesday keeps the US Dollar under check, underpinning the pair. In the meantime, traders look to the US ADP Employment Change four-week average and Jolts Job Openings reports for September and October. 

GBP/USD attracts some buyers following the previous day's two-way directionless price move and re-attempts 1.3350 in European trading on Tuesday. The pair capitalizes on renewed US Dollar weakness and a mildly optimistic mood heading into the US employment data. 

Gold reverses an intraday dip to the $4,170 area, or a one-week low, recovering ground above the $4,200 level in the European session on Tuesday.  Traders now look forward to Tuesday's US economic docket – featuring the release of the ADP Weekly Employment Change and JOLTS Job Openings. 

Chainlink began the week on a stable footing, trading around $13.70 at the time of writing on Tuesday, holding above a key support zone. Growing ecosystem activity from declining exchange reserves to a wave of new integrations continues to strengthen the network’s fundamental outlook, signalling a rally in the upcoming days.

The global and European economies have been resilient in recent years even accounting for the modest global slowdown of 2025. But risks for the recovery are rising, underscoring a negative medium-run global macro and credit outlook.

Chainlink (LINK) began the week on a stable footing, trading around $13.70 at the time of writing on Tuesday, holding above a key support zone. Growing ecosystem activity from declining exchange reserves to a wave of new integrations continues to strengthen the network’s fundamental outlook.