Analyzes

EUR/USD edges higher toward 1.1600 in the European morning on Wednesday but doesn’t yet point to an increasing buyer interest.

Gold is consolidating below $4,100 in early Wednesday’s trades, as buyers take a breather after the previous solid rebound and ahead of the Minutes of the US Federal Reserve (Fed) October monetary policy meeting due later in the day.  

Spot Gold hovers around $4,060 in the American session on Tuesday, easing from an intraday peak of $4,082. The XAU/USD pair is little changed for a second consecutive day, reflecting investors’ wait-and-see stance ahead of United States (US) data releases scheduled for later this week.

EUR/USD loses the grip and retreats for the third consecutive day on Tuesday, slipping back to the 1.1570 region, or four-day troughs.

The Australian Dollar (AUD) traded in a volatile fashion on Tuesday, prompting AUD/USD to exchange gains and losses just below the key 0.6500 mark.

The EUR/USD pair extends its consolidative phase, trading a handful of pips below the 1.1600 mark in the American sessionon  Tuesday. The US Dollar (USD) remains resilient across the FX board amid market participants’ cautious stance.