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Gold price eyes $3,400 as Fed cut bets grow, Trump eyes new Fed pick

Gold price advances during the North American session as speculation grows that the Federal Reserve (Fed) could begin to cut rates at the next meeting. At the same time, investors await US President Donald Trump's appointment of a new Fed Governor. The XAU/USD trades at $3,381, up 0.20%.

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Crude Oil markets jitter as US-Russia sanctions debacle heats up

West Texas Intermediate (WTI) Crude Oil prices snapped back and forth during the American market session on Tuesday, before ultimately settling lower as barrel traders struggle to find reasons to remain bullish on Crude Oil demand.

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Forex Today: Trade is expected to remain centre stage. The RBI is seen on hold.

The US Dollar (USD) extended its auspicious start to the week into Tuesday, posting decent gains amid ongoing debates over the White House's trade policy, speculation about additional Federal Reserve rate cuts, and uncertainty over who will succeed Chair Jerome Powell.

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Dow Jones Industrial Average grapples with soft PMI print

The Dow Jones Industrial Average (DJIA) took a hit early Tuesday, declining after United States (US) ISM Purchasing Manager Index (PMI) figures for July came in below expectations, adding further downside pressure to already-battered investor sentiment.

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Canadian PM Carney promises support for Canadian lumber industry

Canadian Prime Minister Mark Carney announced on Tuesday that the Canadian government would extend favorable loan guarantees to the Canadian softwood lumber industry, which is grappling with tariff impacts that are dragging down exports to the US.

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Australian Dollar rebounds as weak US ISM PMI weighs on the US Dollar

The Australian Dollar (AUD) edges modestly higher against the US Dollar (USD) on Tuesday, paring early losses as the Greenback comes under renewed pressure amid fresh signs of a slowing US economy.

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Canadian Dollar holds steady as markets await the next leg

The Canadian Dollar (CAD) stuck close to familiar levels on Tuesday, spinning a tight circle as investors take a breather following a sharp correction in forward expectations late last week.

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GBP/USD edges higher as US data weakens, Fed credibility questioned

The GBP/USD advances during the North American session, registers modest gains of over 0.07% following last week's dismal jobs report and soft data reported earlier. At the time of writing, the pair trades at 1.3305.

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Euro clings to gains as US Dollar weakens on soft Services PMI

The Euro (EUR) edges modestly higher against the US Dollar (USD) on Tuesday, with EUR/USD trading near 1.1575 during American hours amid a mixed macro backdrop and cautious sentiment.

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US Dollar Index consolidates above 98.50 amid mixed US PMI signals

The US Dollar Index (DXY), which measures the value of the Greenback against a basket of six major currencies, is holding steady above the 98.50 mark, showing limited movement after Friday's sharp drop.

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EUR/GBP slips below 0.8700 as soft Eurozone PMI data weighs on sentiment

The Euro (EUR) extends losses for the second consecutive day against the British Pound (GBP) on Tuesday, dragged lower by softer-than-expected Eurozone Purchasing Managers Index (PMI) data.

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US President Trump: We are getting very close to a deal with China

In an interview with CNBC on Tuesday, United States (US) President Donald Trump said that they are getting very close to reaching a trade deal with China and reiterated that the tariff rate on Indian imports will be raised soon.

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GBP little changed, outperforms mildly - Scotiabank

Pound Sterling (GBP) is little changed on the day but is a mild outperformer on the session as a result, with the pound relatively safe from the trade uncertainty that is overshadowing some of its peers still, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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EUR consolidates in quiet trade - Scotiabank

Despite firm Spanish and Italian Services and Composite PMI data for July and mild upward revisions for the German data, downward revisions for the French PMIs resulted in minor downward revisions to the Eurozone Services and Composite data for last month, Scotiabank's Chief FX Strategists Shaun Osb

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CAD slips, strays from fair value - Scotiabank

The Canadian Dollar (CAD) retains a soft undertone but trading patterns are closely aligned with the core majors for the most part, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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Copper price searching for direction - Commerzbank

The Copper market seems to still need to settle after the US tariff surprise. The Copper price traded on the LME increased slightly yesterday after it had declined last week when US President Trump announced that only semi-finished Copper products would be affected by a sector-specific tariff.

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EUR/INR retreats from all-time highs around 102.00 ahead of RBI policy

The EUR/INR pair falls back to near 101.30 on Tuesday after revisiting an all-time high around 101.85 earlier in the day. The pair retreated as the Indian Rupee (INR) gained ground, following the Reserve Bank of India's (RBI) intervention into currency markets.

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Gold retreats from two-week high as improving sentiment curbs safe-haven demand

Gold (XAU/USD) is drifting lower on Tuesday, giving back some of the gains after hitting a two-week high on Monday.

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USD firmer but focus on the Fed outlook may limit gains - Scotiabank

The US Dollar (USD) is inching higher overall this morning adding to modest gains seen Monday as it recovered from the heavy losses sparked by Friday's jobs data.

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Silver Price Forecast: XAG/USD recovery stalls at $37.40 ahead of US services data

Silver (XAG/USD) is holding quite well the moderate US Dollar's recovery, but the precious metal remains stalled in no-man's land above $37.00, with the 4-hour RSI at the 50 level, highlighting a lack of clear momentum.

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