Analyzes

Gold has regained recovery momentum to retest $4,600 in Asian trades on Tuesday, after having defended the $4,400 level.

Spot Gold trades with a positive bias in the American session on Monday, reversing and early bearish gap. The XAU&USD pair hovers around $4,540 after nearing $4,420 at the beginning of the day.

The Australian Dollar (AUD) remains under sustained downside pressure, dragging AUD/USD to multi-week lows.

The Reserve Bank of India has intervened decisively to cushion the Indian Rupee’s decline to successive record lows. It is a bold move, reflecting the central bank’s urgency to curb bets against Asia’s worst-performing currency this year. But will it work?

US dollar rose against the Mexican peso on Friday, as we continue to see a lot of interest rate moves driving things forward.

EUR/USD struggles to gain traction and trades near 1.1500 in the European morning on Monday after posting small losses in the previous week. The pair’s near-term technical outlook suggests that the bearish bias remains intact.