EUR/USD has resumed its upside journey towards the psychological resistance of 1.1000 in the early European session. The major currency pair is showing resilience after recovery as the US Dollar Index (DXY) has retreated from 102.10. The upside in the USD Index has remained capped around 102.20 for the past two weeks as investors are cautious amid uncertainty over the interest rate guidance by the Federal Reserve (Fed) to be delivered on Wednesday. (FXStreet)

GBP/USD licks its wounds around 1.2500 after posting the biggest daily loss in a week, as well as snapping a three-day uptrend the previous day. In doing so, the Cable pair takes clues from the US Dollar’s retreat while cheering mostly upbeat inflation signals from the UK. However, comparatively more hawkish concerns surrounding the Fed, than the Bank of England (BoE), keep the Cable pair sellers hopeful as it lacks upside momentum near the highest levels in 11 months marked the previous day. (FXStreet)

USD/JPY bulls appear running out of steam at the highest levels in two months during early Tuesday, making rounds to 137.70-60 heading into the European session. (FXStreet)

The AUD/USD pair has climbed swiftly above 0.6680 as the Reserve Bank of Australia (RBA) has hiked interest rates surprisingly by 25 basis points (bps) to 3.85%. The street was anticipating an unchanged interest rate policy. (FXStreet)

The NZD/USD pair regains positive traction on Tuesday and builds on its steady intraday ascent through the early part of the European session. The momentum lifts spot prices to a one-and-half-week high in the last hour, with bulls now looking to build on the momentum further beyond the 0.6200 round-figure mark. (FXStreet)

The USD/CAD pair once again finds support near the 100-day Simple Moving Average (SMA) and attracts some buyers near the 1.3530-1.3525 region, or a one-week low touched this Tuesday, though lacks follow-through. Spot prices seesaw between tepid gains/minor losses through the early European session and currently trade around the 1.3535-1.3540 region, nearly unchanged for the day. (FXStreet)

Markets Strategist Quek Ser Leang at UOB Group suggest USD/THB is now likely to trade between 34.05 and 34.50 in the near term. (FXStreet)

The AUD/NZD pair has witnessed stellar buying interest after a surprise announcement of 25 basis points (bps) interest rate hike by the Reserve Bank of Australia (RBA). An interest rate hike of 25 bps has pushed the Official Cash Rate (OCR) to 3.85%. (FXStreet)

According to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, USD/CNH could extend the upside to the 7.0000 region in the near term. (FXStreet)

USD/IDR justifies downbeat Indonesia inflation while bouncing off an 11-month low to 14,710 heading into Tuesday’s European session. In doing so, the Indonesia Rupiah pair fails to cheer a retreat in the US Dollar prices amid a sluggish session due to the mixed sentiment and anxiety ahead of the key data/events. (FXStreet)

AUD/JPY rallies to the highest levels since early March, up 1.10% intraday near 92.15 early Tuesday as the Reserve Bank of Australia (RBA) board members decided to lift the Official Cash Rate (OCR) by 0.25% to 3.85%. In doing so, the cross-currency pair also cheers upbeat economic forecasts from the Australian central bank amid dovish Bank of Japan (BoJ) bias. (FXStreet)

The EUR/GBP pair is oscillating in a narrow range below 0.8890 in the Asian session. The cross is expected to recapture the round-level resistance of 0.8800 ahead as investors are anticipating a bumper interest rate hike announcement from the European Central Bank (ECB) this week. (FXStreet)

EUR/JPY is trading at 150.86 and has traded within a range of 150.76 and 150.87 so far. The bears are lurking and eye a break below last week´s and month´s highs for a move into the bullish rally that kicked off on Friday. However, there are a number of events this week that will dictate the price action from here, including the Europen Central Bank interest rate decision. (FXStreet)

Prices of the WTI reversed two daily pullbacks in a row and started the week on the positive foot. The daily uptick was midst rising open interest and allows for the continuation of the recovery in the very near term. Against that, the next target of note emerges at the key $80.00 mark per barrel. (FXStreet)

Gold price (XAU/USD) portrays the market’s cautious optimism while posting mild gains near $1,985 as traders await the key central bank events amid full markets’ return on Tuesday. (FXStreet)

Silver (XAG/USD) price seesaws around $25.00 as markets portray traders’ anxiety ahead of the key data/events on early Tuesday, after reversing from a three-week top the previous day. (FXStreet)
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Source: FXStreet

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