EUR/USD
EUR/USD is treading water around 1.1300, consolidating the heaviest daily fall since December 17. The currency pair tracks steady Treasury yields while waiting for second-tier data from Germany and the key US ISM Manufacturing PMI.
GBP/USD
GBP/USD is under pressure below 1.3500, consolidating Monday’s sell-off. The UK ports fear unfair Brexit advantage, Stormont collapse looms. PM Johnson fears considerable pressure on medical system as cases jump. UK/US Manufacturing PMIs in focus.
USD/JPY
USD/JPY is sitting at the highest levels since January 2017, fast-approaching the 116.00 mark, as the US dollar sees a renewed buying interest across the board following the recent strength in the Treasury yields.
AUD/USD
AUD/USD is trading close to 0.7200. keeping its recovery mode intact on the upbeat Chinese Caixin Manufacturing PMI. The price is holding above critical support near 0.7180.
NZD/USD
The NZD/USD pair traded with a mild positive bias through the early European session and was last seen hovering just a few pips below the 0.6800 round-figure mark.
USD/CAD
USD/CAD pares the biggest daily fall in a fortnight, refreshes intraday low at the latest. Yields await fresh clues to extend run-up, USD pullback favors oil buyers. OPEC+ meeting, US/Canada PMIs for December will be in focus.
USD/CHF
USD/CHF refreshes intraday low to 0.9173 while paring the previous day’s heavy run-up during Tuesday’s Asian session. The Swiss currency (CHF) tracks steady yields and a lack of major catalysts to print mild losses, down 0.15% on a day.
CRUDE OIL
WTI takes rounds of $75.85 during the early Asian session on Tuesday, after a volatile day that initially refreshed a fortnight low before flashing mild gains.
GOLD
Gold Battle lines well-defined ahead of key US data.
Stay up to date with the important data releases and economic events happening daily through our Economic Calendar.
Any information provided therein are indicative and subjective to the technical analysis method or trading patterns used and the timing of their release. Those are provided as general market information and/or market commentary and/or the publication of market/factual data and should not be construed as containing personal and/or other investment recommendation, and/or to be Investment Advice or independent Investment Research. As such, the legal and regulatory requirements in relation to independent investment research do not apply to this material and it is not subject to any prohibition on dealing ahead of its dissemination. For the full Risk Disclaimer click here.
