technical

For the time being, the near-term outlook for the Australian Dollar (AUD) remains positive, supported by consistently strong inflation in Australia and the RBA’s hawkish inclination.

South Korea’s markets are sending a mixed signal. While the KOSPI continues to ride the global tech wave, the Korean Won (KRW) is hovering near two-decade lows against the US Dollar (USD). This unusual split reveals how investors are really positioning in Korea.

EUR/USD reversed its direction following a bearish opening to the week and closed in positive territory on Monday.

The USD/CAD pair builds on the previous day’s goodish rebound from the 1.3670 area, or a one-week low, and attracts buyers for the second straight day on Tuesday. Spot prices climb to a two-month high during the early part of the European session amid a firmer US Dollar (USD).

Gold is continuing its downward trajectory back under the $4,400 level early Tuesday, as the war in Middle East drags on even after US President Donald Trump’s effort to extend the ultimatum for Iran to reopen the Strait of Hormuz within 48 hours.

EUR/USD is showing tentative signs of recovery after finding a base near fresh yearly lows around 1.1400 just a few days ago. That said, as long as it remains below the key 200-day Simple Moving Average (SMA) near 1.1670, the pair still faces the risk of further downside in the near term.