Trading news

Tuesday's session brought a reprieve from the NZD/USD's recent bearish streak, as the pair managed to recoup some of its losses, rising by 0.15% to settle at 0.6045.

Silver price rallied to twelve-year highs of $34.86 on Tuesday, due to risk aversion and even though US Treasury yields are rising.

South Korea Consumer Sentiment Index climbed from previous 100 to 101.7 in October

United States API Weekly Crude Oil Stock registered at 1.643M above expectations (0.7M) in October 18

The AUD/USD rose by 0.35% to 0.6685 on Tuesday, recovering sharply from 0.6650 amid hawkish signals from the Reserve Bank of Australia (RBA) and hopes for economic stimulus.

Gold prices extended their gains for the fifth day out of the last six and reached an all-time high (ATH) at $2,748, just shy of the psychological $2,750 mark.

The EUR/USD fell below 1.0800 on Tuesday, late during the North American session, as US Treasury yields climbed.

The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, sees modest gains amidst profit-taking after a sustained rally.

There was no change in the FX world, which saw the US Dollar gather extra steam for yet another session and clinch fresh tops as investors continued to factor in the “Trump trade”, further easing by the Fed and key upcoming US data releases.

The Canadian Dollar (CAD) churned chart paper on Tuesday as Loonie traders shuffle in place ahead of the Bank of Canada’s (BoC) impending rate cut due during the midweek market session.

The Dow Jones Industrial Average (DJIA) struggled to find its feet near the 43,000 handle on Tuesday.

The Mexican Peso recovered some ground against the Greenback on Tuesday after touching a two-month low, shrugging off worse-than-expected data that hinted at the economy slowing down.

The US Dollar prints back-to-back gains against the Japanese Yen on Tuesday but struggles to clear the 151.00 figure decisively.

Crude oil markets may feel oversold, but trend following models hold a war chest of dry-powder to deploy in either direction, TDS’ Senior Commodity Strategist Daniel Ghali notes.

The Pound Sterling extended its losses against the US Dollar for two straight days, with sellers clearing the 1.3000 figure decisively, which could pave the way for further downside.

UK data showed government borrowing a shade lower than expectations in September (GBP16.6bn) but cumulative borrowing over the fiscal half year was above forecasts which may limit the Labour government’s room for manoeuver in next week’s budget, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

In an exclusive interview with Bloomberg TV's Francine Lacqua on Tuesday, European Central Bank (ECB) President Christine Lagarde noted that inflation numbers in the Eurozone are "relatively reassuring" but added that they can't jump to a conclusion that it's a done deal.

Silver price (XAG/USD) surges to near $34.50 in Tuesday’s North American session, the highest level seen in over 12 years.

United States Richmond Fed Manufacturing Index above forecasts (-18) in October: Actual (-14)

United States Redbook Index (YoY) down to 4.6% in October 18 from previous 5.6%