FxAnalysis

AUD/USD is gaining bullish momentum as a cup-and-handle pattern points to a potential breakout toward 0.6765 amid rising Fed uncertainty and strong Aussie data.

EUR/USD recovery was capped at the 1.1700 area on Monday, and the pair retreated to the mid-range of the 1.1600s, as bullish comments by the New York Federal Reserve’s (Fed) President John Williams eased market concerns about the central bank’s independence.Williams said on Monday that interest rate

Gold is treading water near the $4,600 threshold early Tuesday, as buyers catch a breather after Monday’s rally to fresh record highs of $4,630. All eyes now turn to the US Consumer Price Index (CPI) inflation data due later in the North American Session for fresh trading impetus.

EUR/USD seems to have found its footing for now in the low 1.1600s. A softer US Dollar (USD) has helped take the edge off last week’s sharp pullback, giving the pair some breathing room ahead of Tuesday’s all-important US inflation data.

Spot Gold reached fresh all-time highs on Monday, nearing the $4,630 mark and trading nearby in the American session.

AUD/USD is starting to look a bit brighter again. After three straight days on the back foot, the pair has shaken off the weakness and pushed back above the 0.6700 handle, helped along by a renewed bout of selling in the US Dollar (USD).