EUR/USD: More sideways range trade is likely .

EUR/USD holds in a trading range around parity. Economists at Scotiabank expect sideways trade to persist for now.Broader technical tone turns more positive above 1.0120.“Short-term price signals are neutral as are trend strength signals, implying more sideways range trade is likely.”

“The broader technical tone turns more positive above 1.0120 (major trend resistance).”“Support is 0.9865/75.”

EUR/USD recovers toward parity as dollar retreats.EUR/USD staged a rebound and climbed toward parity after having dropped to a fresh daily low below 0.9960 earlier in the day. The US Dollar Index is struggling to preserve its bullish momentum as investors move to the sidelines ahead of the Fed’s policy announcements.

EUR/USD News 

GBP/USD reclaims 1.1400 following earlier drop

GBP/USD reversed its direction and climbed above 1.1400 following a short-lasting dip below that level in the early American session. The cautious market mood ahead of key central bank announcements doesn’t allow the pair to gather recovery momentum.

GBP/USD News

Gold stays below $1,670 amid rising US yields

Gold is having a difficult time erasing its daily losses and continuing to trade below $1,670 in the second half of the day on Tuesday. The benchmark 10-year US Treasury bond yield is up 3% on the day near 3.6%, forcing XAU/USD to stay on the backfoot.

Gold News 

Shiba Inu price knows it is time to say its goodbyes to $0.00001

Shiba Inu (SHIB) price has briefly been flirting with the possible start of a bull run, but with bulls dropping the ball due to dollar strength in September, has instead suffered a back-to-school moment.

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