Analyzes

Natural gas prices threaten a $2.75 breakdown as weak seasonal demand fuels bearish pressure, with traders eyeing $2.50 as the next key target.

The euro is attempting a recovery near 1.16, with Fed policy signals and Jackson Hole remarks set to drive the next move in EUR/USD.

The Euro (EUR) struggled to regain upside traction on Tuesday, prompting EUR/USD to navigate an inconclusive range in the sub-1.1700 region, all against the backdrop of a lack of clear direction in the US Dollar (USD).

Spot Gold came under selling pressure during American trading hours, easing towards the $3,320 area. The bright metal retreated as the US Dollar (USD) gathered momentum amid fresh optimism about a resolution of the Russian Ukraine war.

The Australian Dollar (AUD) built on losses recorded at the beginning of the week, motivating AUD/USD to recede to the area of two-week troughs near 0.6460, an area also coincident with its interim 55-day SMA.

The EUR/USD pair trades with a positive tone on Tuesday, although still down for the week. The pair trades below the 1.1700 mark, still up from an intraday low of 1.1638, early in the American session.