AUD/NZD Exchange rate

AUD/USD made a sharp U-turn on Tuesday, rapidly leaving behind the previous day’s deep pullback and surpassing its critical 200-day SMA in the 0.6460 zone. The surpass of this key region should in turn shift the pair’s outlook to a bullish one, opening the door to the continuation of the recovery in the near term.

EUR/USD quickly set aside the negative start to the week and rose markedly on Tuesday, coming in at shouting distance from the key barrier at 1.1200 the figure. The pronounced bounce came on the back of the strong resurgence of the selling pressure around the US Dollar amid trade uncertainty and lower-than-expected US CPI prints.

Gold prices pared some of their early-week losses and hovered near $3,250 on Tuesday afternoon, supported by a cautious market tone and softer-than-expected US April CPI data, which helped XAU/USD stabilise.

The Infinite Node Foundation disclosed on Tuesday that it has acquired intellectual property (IP) rights for the non-fungible token (NFT) CryptoPunks collection from Yuga Labs. Through the deal, NODE seeks to provide long-term stewardship of the CryptoPunks collection and give it mainstream recognition.

Markets roared back to life as the US and China hit pause on their escalating trade war, with both sides emphasizing mutual respect and dignity. But it wasn’t the fine print that moved markets—it was the mood shift. Investors rushed back into risk assets, betting that the worst might be behind us.