Trading news

The NZD/USD pair struggles to capitalize on its strong gains registered over the past two days and attracts some sellers during the Asian session on Tuesday.

Gold prices fell in India on Tuesday, according to data compiled by FXStreet.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after two days of losses and trading around 98.50 during the Asian hours on Tuesday.

The USD/CHF pair gathers strength near 0.7865 during the early European session on Tuesday. The US Dollar (USD) edges higher against the Swiss Franc (CHF) due to the stalled US-Iran ceasefire and the closure of the Strait of Hormuz.

The EUR/USD pair trades with a mild negative bias during the Asian session on Tuesday and looks to extend the previous day's retracement slide from levels just above mid-1.1700s.

Gold (XAU/USD) trades with a negative bias below the $4,700 mark for the second consecutive day and slides back closer to last week's swing low during the Asian session on Tuesday.

The GBP/JPY cross attracts some sellers during the Asian session on Tuesday and, for now, seems to have snapped a two-day winning streak to its highest level since January 2008, just above the 216.00 mark touched the previous day.

EUR/JPY remains subdued after two days of gains, trading around 186.40 during the Asian hours on Tuesday. The currency cross holds losses following the release of the Bank of Japan (BoJ) policy decision.

The AUD/JPY cross declines to near 114.30 during the Asian trading hours on Tuesday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) after the Bank of Japan's (BoJ) interest rate decision.

The Japanese Yen (JPY) attracts bids against its major currency peers, with the USD/JPY pair sliding to near 159.25, after the Bank of Japan’s (BoJ) monetary policy announcement. The BoJ has left interest rates unchanged at 0.75% for the third meeting in a row.

Silver price (XAG/USD) falls around 1.5%, trading around $74.40 per troy ounce during the Asian hours on Tuesday. The non-yielding metal declines as the US–Iran conflict fuels an energy-driven inflation shock, raising expectations of prolonged or tighter central banks’ policy.

West Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $95.20 per barrel during the Asian hours on Tuesday. Crude oil prices rise as the critical Strait of Hormuz remains largely shut, tightening Middle East energy supplies.

The USD/CAD pair reverses a modest Asian session dip on Tuesday and looks to build on the previous day's modest rebound from sub-1.3600 levels, or the lowest since March 12.

The GBP/USD pair trades in negative territory around 1.3525 during the early Asian session on Tuesday. The Pound Sterling (GBP) softens against the US Dollar (USD) as traders prefer to wait on the sidelines ahead of the Federal Reserve (Fed) and the Bank of England (BoE) later this week. 

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.8589 compared to the previous day's fix of 6.8579 and 6.8282 Reuters estimate.

The USD/JPY pair is seen consolidating in a narrow band around mid-159.00s during the Asian session on Tuesday as traders opt to wait for the crucial Bank of Japan (BoJ) before placing fresh directional bets.

AUD/USD extends its gains for the third consecutive day, trading around 0.7190 during the Asian hours on Monday. The pair holds gains as the Australian Dollar (AUD) receives support, rising expectations of the Reserve Bank of Australia’s (RBA) rate hikes.

Japan’s Finance Minister Satsuki Katayama said on Tuesday that the economy is rebounding moderately with sustained wage growth momentum, but the outlook calls for caution.

The EUR/USD pair trades with mild gains around 1.1725 during the early Asian session on Tuesday. However, the potential upside might be limited as market sentiment remains fragile due to stalled US-Iran peace talks.

United Kingdom BRC Shop Price Index (YoY) came in at 1% below forecasts (1.5%) in April