Analyzes

EUR/USD slipped after US political turmoil and weak confidence data, but technicals point to a potential bullish breakout toward 1.1825.

The Euro (EUR) bounced back on Tuesday, with EUR/USD reclaiming the 1.1660–1.1670 band after shaking off Monday’s pullback.

Gold prices seesawed between gains and losses late on Monday, falling towards $3,351.39 early on Tuesday. The bright metal later recovered, peaking at around $3,386, to finally stabilize near its intraday peak.

The Australian dollar started the week on the front foot, with AUD/USD recovering Monday’s dip and edging back toward the 0.6500 mark. The rebound comes as the US dollar softens again and global risk appetite picks up.

The US Dollar (USD) trimmed most of its Federal Reserve (Fed) Chair Jerome Powell-inspired losses on Monday, resulting in EUR/USD falling towards the 1.1600 mark.

GBP/USD lose more than 0.5% on Monday and erased a large portion of the gains it recorded on Friday. After finding support near 1.3430, the pair staged a rebound and was last seen trading above 1.3450.