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EUR/USD clings to modest gains above 1.0850 ahead of Fedspeak
EUR/USD trades marginally higher on the day above 1.0850 on Tuesday. In the absence of high-tier data releases, the cautious market mood helps the USD hold its ground and limits the pair's upside. Investors will continue to scrutinize comments from central bank officials.
GBP/USD stays in positive territory above 1.2700, awaits fresh catalysts
GBP/USD holds small gains above 1.2700 in the second half of the day on Tuesday. Investors await fresh catalysts, with several Federal Reserve speakers and BoE Governor Andrew set to speak. Tuesday's Fedspeak weighed on rate cut expectations and helped the USD find a foothold.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold rebounds above $2,420 following earlier decline
Gold gained traction and climbed above $2,420, erasing a large portion of its daily losses in the process. The pullback in the benchmark 10-year US Treasury bond yield helps XAU/USD stage a rebound following the sharp retreat seen from the all-time high set at the weekly opening at $2,450.
Shiba Inu price flashes buy signal, 25% rally likely Premium
Shiba Inu price has flipped bullish to the tune of the crypto market and breached key hurdles, showing signs of a potential rally. Investors looking to accumulate SHIB have a good opportunity to do so before the meme coin shoots up.
Three fundamentals for the week: UK inflation, Fed minutes and Flash PMIs stand out Premium
Sell in May and go away? That market adage seems outdated in the face of new highs for stocks and Gold. Optimism depends on the easing from central banks – and some clues are due this week.