The USD/JPY pair attracts heavy selling on Tuesday following the overnight failure near the 153.25-153.30 area, or the monthly peak, and retains its negative bias through the first half of the European session.
EUR/USD continues to edge higher and trades slightly above 1.1650 after closing in positive territory on Monday.
Gold prices dropped sharply on Monday, testing the crucial $4,000 support level as bearish sentiment grows and technical signals suggest deeper pullbacks ahead.
The S&P 500 continued its bullish run on Tuesday, trading near record highs at 6,880 as investor optimism builds ahead of the Fed’s interest rate decision.
The Nasdaq 100 surged to record highs near 25,843 as upbeat sentiment on U.S.-China trade and the Fed’s expected rate cut fuels strong bullish momentum.
AUD/USD surged on trade optimism and Fed rate cut expectations, with bulls targeting 0.6650 as key US and Australian economic events approach.