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EUR/USD consolidates slightly below 1.0700 Premium
EUR/USD failed to retake 1.0700 on Tuesday after rebounding from weekly lows. The pair holds a bearish tone, although it trades above the crucial support area of 1.0650/60. Attention is set on next week's events, which include the FOMC and ECB meetings.
AUD/USD holds onto RBA gains, ahead of Lowe and key data Premium
AUD/USD rose for the fourth consecutive day on Tuesday, reaching weekly highs above 0.6650. The positive tone around the Aussie prevails following the recent rate hike by the Reserve Bank of Australia. Governor Lowe will speak on Wednesday, and Australian GDP data is also due.
Gold: XAU/USD consolidates around $1,960, awaiting clues Premium
Spot gold is under mild pressure on Tuesday, trading at around the $1,960 mark. Financial markets are in cautious mode following a row of discouraging macroeconomic data and ahead of first-tier announcements next week.
Shiba Inu price hits six-month low, leaving $2 billion in unrealized losses
Shiba Inu price, like the rest of the market, has been recovering from the crash witnessed a day before. In these couple of hours, the SHIB holders’ situation changed significantly, with a large chunk of the investors facing losses unseen since December 2022.
Readying for hawkish Fed
S&P 500 made two runs over 4,300, yet was rejected in each. Bonds though didn‘t paint universally negative picture – only the sectoral composition of the decline did.