FxAnalysis

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.

Gold (XAU/USD) remains firmly bullish, holding above $4220 with momentum indicators supportive of further gains; while rate-cut expectations drive investor sentiment, traders eye Fed guidance for the next catalyst.

EUR/USD is holding steady near 1.1640 as bullish momentum persists, but narrow trading is expected ahead of the US Fed decision; strong Eurozone data supports the euro, while traders await major US policy signals.