The USD/CHF pair shows some resilience below the 23.6% Fibonacci retracement level of the recent upswing from the monthly trough for the second day and attracts some dip-buyers near the 0.8320-0.8315 region.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – retreats from the vicinity of mid-$94.00s, or an over two-week high set during the Asian session on this Wednesday, snapping a four-day winning streak.

The Euro (EUR) extends its Tuesday’s strong recovery move to near 1.1210 against the US Dollar (USD) during the Asian trade on Wednesday.

Silver (XAG/USD) trades on the back foot on Tuesday, losing more than 1.5% as hawkish Federal Reserve (Fed) expectations and elevated US Treasury yields weigh on the non-yielding metal.

Crude Oil trades lower on Tuesday, as investors ponder the impact of the US President, Donald Trump’s decision to lift the ban on Russian diesel imports.

Gold (XAU/USD) retraces Monday’s losses on Tuesday, favoured by a softer US Dollar (USD) as US Yields ease from highs and Oil prices pull back, with investors awaiting key US inflation reports later in the week for a better assessment of the Federal Reserve’s (Fed) near-term policy.

Silver (XAG/USD) attracts some dip-buyers in the vicinity of mid-$59.00s on Tuesday and sticks to its modest intraday gains through the early European session. The white metal, however, lacks bullish conviction and currently trades around the $60.50 area, up just over 0.30% for the day.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts fresh sellers during the Asian session on Tuesday, snapping a three-day winning streak to a two-week high, touched the previous day.

The Euro (EUR) has resumed its broader bearish trend against the British Pound (GBP) on Monday after a mild recovery attempt at the end of last week.

HSBC Asset Management notes that global equities, including the S&P 500, have shown resilience as the index inches toward the 8000 level despite high Oil prices, a hawkish Federal Reserve and surging bond yields.