The euro did try to rally a little bit during the early hours here on Monday but simply cannot hang onto gains at the moment as the Federal Reserve Chairman nominee has the markets rethinking things.
The US dollar has rallied against the Canadian dollar again during the day on Monday as the widely reported death of the US dollar seems to be premature.
Silver continues to see a lot of noisy behavior as the market initially tried to recover on Monday after plunging right at the open. That being said, we have seen the sellers come back into the silver market and it now is simply hanging around the 50-day EMA.
The cryptocurrency market suffered a brutal selloff over the weekend, as Bitcoin and Ether prices plunged amid cascading liquidations and macro pressures.
The EUR/USD pair is under modest selling pressure on Tuesday, trading below the 1.1800 threshold and near its weekly low of 1.1776.
AUD/USD Forex Signal: Hawkish Rate Hike Sends Price to $0.7050 Today’s unanimous rate hike and improving risk sentiment sends the Aussie higher.