Trading news

West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $58.45 per barrel, down from Monday’s close at $58.89.

Germany Gross Domestic Product w.d.a (YoY) unchanged at 0.3% in 3Q

Sweden Producer Price Index (MoM): 0.4% (October) vs -0.7%

Sweden Producer Price Index (YoY): 0.4% (October) vs previous 0.5%

Germany Gross Domestic Product (YoY) in line with expectations (0.3%) in 3Q

Germany Gross Domestic Product (QoQ) meets expectations (0%) in 3Q

The NZD/USD pair attracts some sellers to around 0.5600 during the early European session on Tuesday. The New Zealand Dollar (NZD) weakens the US Dollar (USD) on the prospect of the Reserve Bank of New Zealand (RBNZ) rate cut on Wednesday.

Here is what you need to know on Tuesday, November 25:

GBP/USD loses ground after three days of gains, trading around 1.3100 during the Asian hours on Tuesday. The Pound Sterling (GBP) came under pressure as UK 10-year Gilt yields edged lower to 4.54%, with investors awaiting the November 26 budget.

The EUR/GBP cross holds steady near 0.8790 during the early European session on Tuesday. Markets might turn cautious ahead of the UK government's Autumn Budget, which is scheduled for Wednesday.

The USD/CHF pair attracts some dip-buying during the Asian session on Tuesday and currently trades just below the 0.8100 mark, or a nearly three-week high touched the previous day.

The AUD/JPY cross attracts some buyers to near 101.20 during the early European session on Tuesday. The Japanese Yen (JPY) weakens against the Australian Dollar (AUD) amid fiscal concerns and the uncertainty over the Bank of Japan's (BoJ) policy tightening path. 

Chinese President Xi Jinping spoke on the phone with US President Donald Trump, Chinese state news agency Xinhua reported on Monday. A surprise phone call came weeks after two leaders met in South Korea in late October.

EUR/CAD moves little after registering modest gains in the previous session, trading around 1.6260 during the Asian hours on Tuesday. The currency cross may regain its ground as the Euro (EUR) gains support on expectations that the European Central Bank (ECB) has finished cutting interest rates.

Silver (XAG/USD) holds steady around the $51.45 region during the Asian session on Tuesday, nearly unchanged for the day.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a negative note near 100.15 during the Asian trading hours on Tuesday.

The Indian Rupee (INR) advances against the US Dollar (USD), extending its gains for the second successive session. The USD/INR pair depreciates on the possible intervention by the Reserve Bank of India (RBI).

The EUR/JPY cross struggles to build on the previous day's positive move and ticks lower during the Asian session on Tuesday. Spot prices currently trade around mid-180.00s, down 0.10% for the day, though the downside potential seems limited.

Gold (XAU/USD) touches a one-and-a-half-week top during the Asian session on Tuesday and looks to build on the previous day's nearly 2% rally amid dovish US Federal Reserve (Fed) expectations.

USD/CAD steadies after registering gains in the previous session, trading around 1.4110 during the Asian hours on Tuesday.