FxAnalysis

AMZN continues to lag some of its major companions in the “Magnificent Seven.” Is it going to be a value play? Eventually, yes, I believe so.

The EUR/USD pair retreated and then pared back some of these losses as the market came to terms with the weekend events on Venezuela. It retreated to a low of 1.1657 and then settled at 1.1723 on Tuesday morning as investors focused on the upcoming US data.

Bitcoin price continued its strong bull run, reaching its highest point since November 17. The BTC/USD pair rose to a high of 94,420, up by over 17% from its lowest level in November.

The AUD/USD continues its recent upside on Tuesday morning and was hovering near its highest point since October 2024. It was trading at 0.6716, up by nearly 5% from its lowest level in November last year.

The USD/JPY pair turns lower following an intraday uptick to the 156.80 area and looks to extend the overnight pullback from a nearly two-week high amid the prevalent US Dollar (USD) selling.

EUR/USD fell to the 1.1650 region in the first half of the day on Monday and touched its weakest level in nearly a month. The pair, however, managed to stage a decisive rebound in the American session and closed the day virtually unchanged.