Commodities
Gold (XAU/USD) trades flat on Tuesday, near two-and-a-half-month lows at $4,268, with upside attempts capped below $4,360 so far.
Forex
The Euro (EUR) trades lower against the British Pound (GBP) on Tuesday, with bears testing support at two-week lows in the area of 0.8630, and bearish momentum building up.
Forex
The US Dollar (USD) posts marginal losses against the Swiss Franc (CHF) on Tuesday, with bulls capped near the 0.8000 psychological level. Downside attempts, however, remain contained above 0.7965, so far keeping the pair steady at two-month highs for now.
Indices
The S&P 500 is showing signs of increasing vulnerability as weak market breadth, rising Treasury yields, and growing expectations of Federal Reserve rate hikes weigh on investor sentiment. Despite a strong rebound in semiconductor stocks, only a handful of sectors participated in the recovery. Technical indicators, including a bearish divergence in the NYSE Advance/Decline line and resistance at the 20-day moving average, suggest further downside risks for US equities in the near term.
Forex
The US Dollar (USD) trades moderately lower against the Canadian Dollar (CAD) on Tuesday, pulling back from levels a few pips shy of the year-to-date peak, at 1.3966.
Commodities
Silver price (XAG/USD) trades marginally lower at around $67.90 during the European trading session on Tuesday. The white metal faces slight selling pressure as investors turn cautious ahead of the United States (US) Consumer Price Index (CPI) data for May, which will be published on Wednesday.
Forex
NZD/USD gains ground for the second successive day, trading around 0.5810 during the Asian hours on Tuesday. Technical analysis of the daily chart suggests the spot price is moving sideways within a rectangle pattern, reflecting a period of market consolidation and indecision.
Commodities
Global markets rebounded as dip buyers returned aggressively to semiconductor and AI-related stocks, driving the Nasdaq 100 higher despite weak market breadth. A temporary Israel-Iran ceasefire helped contain oil prices and ease geopolitical concerns, while Treasury yields remained elevated amid expectations of a prolonged higher-rate environment. Investors are also preparing for the record-breaking SpaceX IPO, which could reshape liquidity flows across global equity markets.
Commodities
Silver price (XAG/USD) pares its recent gains from the previous day, trading around $67.90 per troy ounce during the Asian hours on Tuesday. Uncertainty in the Middle East and rising bets on a United States (US) interest rate hike continue to keep Silver on the defensive.
Forex
The US Dollar Index (DXY) trades with a cautious tone near the 100.00 region as investors balance resilient United States (US) economic data against improving global risk sentiment following reports that Iran has ended its military operations against Israel.
