The EUR/GBP cross flat lines near 0.8810 during the early European session on Tuesday. Nonetheless, recent weak UK Gross Domestic Product (GDP) data has pressured the Bank of England (BoE) to potentially cut rates, which might drag the Pound Sterling (GBP) lower against the Euro (EUR).
The EUR/USD pair trades calmly near 1.1600 during the late Asian trading session on Tuesday, following the corrective move from an over two-week high of 1.1656.
Solana (SOL) edges higher by 2% at press time on Tuesday, holding above the $130 mark. The technical outlook for Solana focuses on key support at $126 amid heightened selling pressure.
The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) on Tuesday.
The AUD/JPY cross attracts sellers for the second consecutive day on Tuesday and retreats further from a one-year peak, around the 101.80 region, touched last week.
The EUR/JPY cross declines to near 179.70 during the early European session on Tuesday. The cross retreats after reaching new record highs in the previous session. However, the potential downside for the cross might be limited amid the ongoing weakening of the Japanese Yen (JPY).
Silver price (XAG/USD) continues its losing streak for the fourth successive session, trading around $49.50 per troy ounce during the Asian hours on Tuesday. The non-interest-bearing Silver struggles amid declining US Federal Reserve (Fed) rate cut bets for December.
Gold (XAU/USD) remains under some selling pressure for the fourth consecutive day on Tuesday and drifts back closer to a one-and-a-half-week low, around the $4,000 neighborhood, touched the previous day.
Cboe plans to roll out Bitcoin (BTC) and Ethereum (ETH) "perpetual-style" futures products, known as Continuous Futures, with a 10-year expiration.
Cardano (ADA) is stabilizing around the daily support level of $0.45 at the time of writing on Tuesday, after correcting nearly 4% the previous day.
Ethereum treasury company BitMine Immersion Technologies announced on Monday that it bought 54,156 ETH last week, pushing its holdings to 3.56 million ETH.
GBP/USD remains subdued for the third successive session, trading around 1.3150 during the Asian hours on Tuesday. The pair struggles as the Pound Sterling (GBP) comes under strain after the United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves abandoned planned income-tax rises.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a flat note around 99.55 during the Asian session on Tuesday. The DXY steadies as traders brace for the long-awaited return of US economic data.
Internet Computer (ICP) and Filecoin (FIL) are the only Top 100 altcoins trading in the green, by press time on Tuesday, as the broader cryptocurrency market shifts bearish. Bitcoin (BTC) crosses below $92,000, resulting in a broader market liquidation of over $800 million in the last 24 hours.
West Texas Intermediate (WTI) Oil price stalls its three-day rally, slipping to around $59.60 per barrel during Asian hours on Tuesday. Prices softened amid renewed concerns about oversupply after an ING report projected a significant market surplus through 2026.
The USD/CAD pair struggles to capitalize on the previous day's positive move to a one-and-a-half-week high and oscillates in a narrow range during the Asian session on Tuesday.
The Japanese Yen (JPY) continues with its relative underperformance through the Asian session on Tuesday and drops to a fresh low since early February against a firmer US Dollar (USD).
The NZD/USD pair drifts lower to around 0.5655 during the Asian trading hours on Tuesday. The New Zealand Dollar (NZD) softens against the US Dollar (USD) amid an imminent rate cut from the Reserve Bank of New Zealand (RBNZ).
The Australian Dollar (AUD) remains subdued against the US Dollar (USD) on Tuesday after registering losses in the previous session. The AUD/USD pair holds losses after the Reserve Bank of Australia (RBA) published the Minutes of its November monetary policy meeting.
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 7.0856 compared to the previous day's fix of 7.0816 and 7.1096 Reuters estimate.
Gold price (XAU/USD) extends the decline to around $4,030 during the early Asian session on Tuesday. The precious metal edges lower as traders dialed back expectations of a US interest rate cut next month.
The GBP/JPY rallies to a five-week high of 204.53 on Monday, up by 0.33% as the Japanese Yen weakens on growing tensions between China and Japan.
Japan's Finance Minister Satsuki Katayama said on Tuesday that the government’s upcoming economic stimulus package has become “sizable,” but declined to disclose its exact scale.
Federal Reserve (Fed) Governor Christopher Waller said that the US central bank should cut the interest rates when policymakers meet in December, Bloomberg reported late Monday. Waller added that he’s grown concerned over the labor market and the sharp slowdown in hiring.
Japanese Prime Minister Sanae Takaichi will launch tax-reform talks this week, aiming to cut certain taxes to stimulate investment and consumption while raising others and eliminating breaks to fill the fiscal hole, Nikkei Asia reported late Monday.
The USD/JPY pair trades in positive territory near 155.20 during the early Asian session on Tuesday.
The Reserve Bank of Australia (RBA) will publish its minutes of its monetary policy meeting on Tuesday at 00.30 GMT.
The EUR/USD registers loses during the North American session down 030% as the Greenback enjoys a healthy recovery on speculation that the Federal Reserve might hold rates unchanged. The pair trades at 1.1589 after reaching a daily high of 1.1624.