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AUD/USD consolidates in a range above mid-0.6700s

AUD/USD consolidates in a range above mid-0.6700s

AUD/USD holds steady above mid-0.6700s during the Asian session on Tuesday. The US Dollar languishes near a three-month low touched on Monday. Apart from this, the prevalent risk-on environment, bets that the RBA could be raising interest rates again and hopes for more stimulus from China lend support to the pair.

AUD/USD News

USD/JPY attracts some buyers above 158.00, investors await US Retail Sales data

USD/JPY attracts some buyers above 158.00, investors await US Retail Sales data

USD/JPY trades on a stronger note around 158.30 on Tuesday during the early Asian trading hours. The uptick of the pair is bolstered by the modest rebound in US Dollar. Investors will take more cues from the US June Retail Sales and the speech from the Federal Reserve’s Adriana Kugler.

USD/JPY News

Gold price holds comfortably above $2,400 amid September Fed rate cut bets

Gold price holds comfortably above $2,400 amid September Fed rate cut bets

Gold price is seen consolidating in a range during the Asian session on Tuesday. Growing acceptance that the Fed will start cutting interest rates in September keeps the US Dollar close to over a three-month low and continues to offer support to the non-yielding yellow metal. The upbeat market mood is seen acting as a headwind for the safe-haven precious metal.

Gold News

Meme coins soar in double-digit gains as PEPE, WIF, FLOKI, MOG lead the charge

Meme coins soar in double-digit gains as PEPE, WIF, FLOKI, MOG lead the charge

Meme coins are leading the crypto market again as the ripple effect of Bitcoin's recovery is flowing across major crypto categories. PEPE, WIF, FLOKI and MOG are at the forefront of the recovery, elevating their daily performance above the 20% mark on Monday.

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The Trump trade

The Trump trade

The US markets may have had a mild reaction to the assassination attempt on Donald Trump at a rally in Pennsylvania at the weekend, however, there are long term ramifications for financial markets, particularly in Europe.

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