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EUR/GBP Price Forecast: In a corrective pullback, supported by 0.8600
The Eurozone has skipped the first round of tariff letters by the US Administration, and that is good news for the Euro.
USD/CAD corrects to near 1.3640 as Trump announces new tariff rates
The USD/CAD pair retraces to near 1.3640 during European trading hours on Tuesday. The Loonie pair corrects as the US Dollar (USD) gives up half of tariff-inspired gains made on Monday.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data.
AUD/USD Price Forecast: Rises to near 0.6550 after moving slightly above nine-day EMA
The AUD/USD pair is retracing its 1% losses registered in the previous session, trading around 0.6540 during the European hours on Tuesday.
WTI drops to near $66.50 due to renewed tariff threats, rising OPEC+ supply
West Texas Intermediate (WTI) Oil price loses ground after registering more than 2% gains in the previous session, trading around $66.60 per barrel during the European hours on Tuesday. Crude Oil prices fall as renewed United States (US) tariff threats bolster concerns about the global Oil demand.
Silver Price Forecast: XAG/USD hesitates below $37.00 with downside attempts finding buyers
Silver (XAG/USD) keeps trading within the last four weeks $2 range, but recent price action shows an ascending trend from late June lows, although the resistance area at $37,00 remains holding bulls and closing the path towards the $37.25 long-term high.Market' concerns about trade uncertainty keep
Dow Jones Futures attempt to recover losses as Trump delays tariff implementation
Dow Jones Futures move sideways ahead of the opening on Tuesday, trading around 44,680, up by 0.01%. Meanwhile, S&P 500 Futures were up 0.08% at around 6,280, recovering some of the previous session's losses.
US Dollar Index (DXY) hesitates below 97.00 amid the uncertain global trade outlook
The US Dollar jumped on Monday after Trump announced new tariffs on a first batch of countries, but it is struggling to extend gains on Tuesday, despite the ongoing risk aversion, as the outlook of global trade remains highly uncertain.The US Dollar Index (DXY), which measures the value of the Green
AUD/JPY Price Forecast: Sticks to RBA-inspired gains near mid-95.00s, or multi-month top
The AUD/JPY cross attracts strong follow-through buying on Tuesday and rallies to a nearly four-month high in reaction to the Reserve Bank of Australia's (RBA) surprise decision to keep interest rates on hold.
EUR/USD trims some losses as the Eurozone skips Trump's tariffs for now
The EUR/USD pair is trimming some of Monday's losses on Tuesday, although it maintains the bearish trend from last week's highs intact.
Forex Today: RBA surprises with policy hold, US delays higher tariffs
Here is what you need to know on Tuesday, July 8:
Pound Sterling edges higher against US Dollar as Trump unveils new tariff rates for 14 nations
The Pound Sterling (GBP) ticks up to near 1.3630 against the US Dollar (USD) on Tuesday.
GBP/JPY strengthens above 199.00 on renewed Japan tariff uncertainty
The GBP/JPY cross gains momentum to near 199.20 during the early European session on Tuesday. The Japanese Yen (JPY) softens against the Pound Sterling (GBP) on trade woes after US President Donald Trump reiterated that he plans to impose 25% tariffs on goods from Japan.
EUR/JPY extends the rally to near 171.50 amid Japan trade uncertainty
The EUR/JPY cross extends its upside to around 171.45 during the early European session on Tuesday. The Euro (EUR) strengthens against the Japanese Yen (JPY) amid hopes for the United States-European Union trade deals.
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 $66.74 per barrel, down from Monday's close at $67.02.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.93 after its previous daily close at $69.16.
Japan's Akazawa says he had phone call with US Commerce Secretary Lutnick
Japan's top trade negotiator, Ryosei Akazawa, said on Tuesday that he had a phone call with US Commerce Secretary Howard Lutnick for 40 minutes. Akazawa added that he agreed to actively engage in trade negotiations.
NZD/USD Price Forecast: Rebounds to near 20-day EMA
The NZD/USD pair snaps four-day losing streak and rebounds to near 0.6035 during late Asian session on Tuesday. The Kiwi pair bounces back as the US Dollar (USD) corrects on Tuesday after posting a fresh weekly high the previous day.
RBA's Bullock: Appropriate to have cautious gradual stance on easing
Reserve Bank of Australia (RBA) Governor Michele Bullock is speaking a press conference following the announcement of the July monetary policy decision on Tuesday.
EUR/GBP holds position above 0.8600 ahead of German Trade Balance data
EUR/GBP retraces its recent losses from the previous session, trading around 0.8610 during the Asian hours on Tuesday. The pair edges higher ahead of Germany's Trade Balance data release scheduled later in the day.
USD/CHF dips to 0.7980 area amid reviving safe-haven demand, softer USD
The USD/CHF pair attracts fresh sellers during the Asian session on Tuesday and reverses a part of the previous day's strong move higher to a one-week top, around the 0.8000 psychological mark.
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