Forex
The GBP/USD pair builds on the previous day's strong move higher and gains positive traction for the second consecutive day on Tuesday.
Here is what you need to know on Tuesday, December 23:
Forex
USD/CHF extends its losses for the second consecutive day, trading around 0.7900 during the Asian hours on Tuesday.
Forex
EUR/USD extends its gains for the second successive session, trading around 1.1780 during the Asian hours on Tuesday. On the daily chart, technical analysis indicates a persistent bullish bias, as the pair moves upward within the ascending channel pattern.
Forex
USD/CAD extends its losses for the second successive session, trading around 1.3740 during the Asian hours on Tuesday.
Forex
GBP/USD found room on the high side on Monday, kicking off a holiday-shortened trading week with a fresh spat of Greenback weakness, bolstering the Pound Sterling (GBP) into its highest bids in ten weeks.
Commodities
Gold (XAU/USD) is surging, up 66% YTD, on heightened geopolitical risk (Russia-Ukraine, US-Venezuela, Israel-Iran) and soft US data hinting at aggressive rate cuts. The price breached $4450/oz, eyeing $4500. The technical picture is decent but overbought.
Forex
The Reserve Bank of Australia (RBA) will publish its minutes of its monetary policy meeting on Tuesday at 00.30 GMT.
December 22th North-American Session Recap – Dollar down, Commodities up session to begin the erratic Christmas Week. Merry Christmas! Check up the Daily asset and FX performance, what changed fundamentally and what's coming up on Monday.
AUD/USD & NZD/USD Analysis: Both currencies are leading the FX session as Markets begin the Christmas Week.
We break down the AUD/NZD High timeframe trends, commodity drivers, and key technical levels for the Christmas trading week.
