Analyzes

AUD/USD showed indecision on Monday ahead of the FOMC decision, with traders watching the 0.67 level as a key breakout or rejection point amid broader US dollar uncertainty.

The S&P 500 dipped slightly on Monday as traders await clarity from the Fed, with key support near 6,800 and the broader bullish trend still intact.

EUR/USD stays relatively quiet and moves sideways at around 1.1650 in the European morning on Tuesday, after posting marginal losses on Monday.

Gold is testing bullish commitments at around the $4,200 mark early Tuesday, as the recent trade range gets squeezed in the lead-up to Wednesday’s US Federal Reserve (Fed) showdown.  

Spot Gold trades with a soft tone in the American session on Monday, easing from an early peak of $4,219 a troy ounce and currently hovering in the $4,190 region.

The EUR/USD pair comfortably consolidates around 1.1650 on Monday, with the US Dollar (USD) under mild selling pressure across the FX board. Market participants await fresh United States (US) data and the outcome of the December Federal Reserve (Fed) monetary policy meeting.