technical

The AUD/USD pair is showing bullish momentum after forming a double-bottom pattern, with upcoming US inflation data and China trade talks in focus.

The USD/JPY pair shot to a four-day high after Sanae Takaichi secured majority votes from both the Lower and Upper Houses of parliament to become Japan’s first female Prime Minister.

EUR/USD struggles to gain traction and trades in negative territory below 1.1650 after posting marginal losses on Monday. The pair’s near-term technical outlook highlights increasing seller interest.

Gold is pulling back toward $4,300 early Tuesday, after having faced rejection once again near the $4,380 region. The focus remains on the US-China trade talks amid broader market uncertainty.

EUR/USD remains unable to trade in a clear direction at the start of the week, navigating a consolidative theme in the 1.1650 region following Friday’s marked pullback.

Spot Gold trades near its all-time high of $4,379.76 a troy ounce, up on a daily basis on Monday.  The positive tone of global equities limits XAU/USD’s near-term bullish potential, but underlying political and trade woes keep the bright metal afloat.