Written by FXStreet
Reviewed by FXStreet
Written by FXStreet
US Dollar Index (DXY) faces some selling pressure near 101.25 during the early Asian session on Wednesday. Traders will closely monitor the US midterm election outcomes later in the day for fresh impetus.
Financial markets cling to a cautious stance early Tuesday as focus remains on the midterm elections in the United States (US).
Gold rises to near $3,950 as traders brace for US midterm electionGold price (XAU/USD) rises to around $3,950 during the early Asian session on Tuesday. The precious metal rebounds as falling oil prices have tempered inflation worries. Traders will closely monitor US midterm elections later this week.
Gold price (XAU/USD) rises to around $3,950 during the early Asian session on Tuesday. The precious metal rebounds as falling oil prices have tempered inflation worries. Traders will closely monitor US midterm elections later this week.
Gold price (XAU/USD) jumps to around $4,065 during the early Asian session on Wednesday, bolstered by lower oil prices. Traders await the Federal Reserve's (Fed) policy meeting later on Wednesday for signals on the future path of US interest rates.
Euro weakens below 1.1200 as traders brace for Fed, ECB rate decisionsThe EUR/USD pair extends the decline near 1.1170 during the early Asian trading hours on Tuesday, pressured by risk-off sentiment. Markets might turn cautious later in the day ahead of the US Federal Reserve (Fed) and European Central Bank (ECB) interest rate decisions later this week.
The EUR/USD pair extends the decline near 1.1170 during the early Asian trading hours on Tuesday, pressured by risk-off sentiment. Markets might turn cautious later in the day ahead of the US Federal Reserve (Fed) and European Central Bank (ECB) interest rate decisions later this week.