USD/CAD to tick down to 1.42 amid stretched short-CAD positioning – Danske Bank

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 maintains its directionless price move and trades below 1.3350 in European hours on Tuesday. The pair capitalizes on renewed US Dollar weakness and a mildly optimistic mood ahead of 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. 

The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the US Bureau of Labor Statistics. Market participants anticipate that Job Openings reached 7.2 million in October.

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.