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EUR/GBP strengthens to near 0.8700, eyes on ZEW surveys
The EUR/GBP cross trades in positive territory for the third consecutive day near 0.8690 during the early European session on Tuesday.
Forex Today: Market focus shifts away from trade to US CPI inflation data
Here is what you need to know on Tuesday, July 15:
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $65.73 per barrel, down from Monday's close at $65.83.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.42 after its previous daily close at $68.50.
US President Donald Trump: I'm disappointed but not done with Putin
US President Donald Trump said on Tuesday that he is disappointed but not done with Russian President Vladimir Putin, per the BBC.
FX option expiries for Jul 15 NY cut
FX option expiries for Jul 15 NY cut at 10:00 Eastern Time via DTCC can be found below.
AUD/JPY remains on the defensive near 96.65 area, downside seems cushioned
The AUD/JPY cross ticks lower during the Asian session on Tuesday, though it lacks follow-through and remains confined in the previous day's narrow trading range. Spot prices currently hover around the 96.60-96.65 area, down less than 0.10% for the day.
USD/CHF weakens to near 0.7950 ahead of US CPI inflation release
The USD/CHF pair trades on a negative note near 0.7965 during the early European session on Tuesday. Persistent trade-related uncertainties and geopolitical risks boost the safe-haven flows, supporting the Swiss Franc (CHF). The US consumer inflation figures will take center stage later on Tuesday.
USD/CAD Price Forecast: Holds breath above 20-day EMA ahead of US-Canada CPI data
The USD/CAD pair trades broadly stable near 1.3700 during the late Asian trading session on Tuesday.
WTI Price Forecast: Tests 50-day EMA support near $65.50
West Texas Intermediate (WTI) Oil price extends its losses for the second successive session, trading around $65.80 per barrel during the European hours on Tuesday.
GBP/USD Price Analysis: Struggles near multi-week low, around 1.3430 ahead of US CPI
The GBP/USD pair consolidates near the 1.3430-1.3435 region, just above a three-week low touched during the Asian session on Tuesday as traders keenly await the release of the US consumer inflation figure.
EUR/USD trades quietly below 1.1700 as investors await fresh cues on US-EU trade talks
The EUR/USD pair trades calmly around 1.1670 during the Asian trading session on Tuesday. The major currency pair oscillates in a limited range, with investors awaiting fresh development on trade negotiations between the United States (US) and the European Union (EU).
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Tuesday, according to data compiled by FXStreet.
EUR/JPY Price Forecast: Retains bullish bias near 172.50, overbought RSI warrants caution for bulls
The EUR/JPY cross trades in positive territory near 172.45 during the Asian trading hours on Tuesday. The rising expectation that the Bank of Japan (BoJ) would keep interest rates low for longer than it wants could weigh on the Japanese Yen (JPY) against the Euro (EUR).
USD/INR edges lower ahead of US inflation data
The Indian Rupee (INR) ticks up at open against the US Dollar (USD) on Tuesday. The USD/INR pair edges lower to near 86.00 even as the US Dollar (USD) demonstrates strength ahead of the United States (US) Consumer Price Index (CPI) data for June, which will be published at 12:30 GMT.
Gold price moves closer to three-week peak amid modest USD downtick
Gold price (XAU/USD) attracts some dip-buying during the Asian session on Tuesday and reverses a major part of the previous day's retracement slide from a nearly three-week high.
Silver Price Forecast: XAG/USD remains above $38.00 due to renewed safe-haven demand
Silver price (XAG/USD) holds ground after registering more than 0.50% losses, trading around $38.10 per troy ounce during the Asian hours on Tuesday. The Silver price may further advance toward a 14-year high of $39.13, which was reached on Monday, amid renewed safe-haven demand.
Australia's PM to balance trade and security tensions with China's President Xi
Chinese President Xi Jinping is expected to meet Australia's Prime Minister Anthony Albanese on Tuesday in Beijing to discuss trade and security amid global trade turmoil and pressure from the US over security commitments to Taiwan, per the Financial Times.
US CPI data set to show inflation heated up in June
The United States (US) Bureau of Labor Statistics (BLS) will publish the all-important Consumer Price Index (CPI) data for June on Tuesday at 12:30 GMT.
US Dollar Index treads water above 98.00 due to renewed geopolitical tensions, CPI awaited
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is edging lower after four days of gains and trading around 98.10 during the Asian hours on Tuesday.
China's NBS: Economic performance in the first half of the year is stable, with steady progress
Following the publication of the high-impact China's Gross Domestic Product (GDP) and activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Tuesday.
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