The EUR/USD pair has delivered an upside break of the consolidation formed in a narrow range below 1.0730 in the Asian session. The major currency pair has got strength as the US Dollar Index (DXY) has shifted its auction below 104.00. (FXStreet)

The GBP/USD pair struggles to capitalize on the previous day's goodish rebound of over 70 pips and attracts fresh sellers near the 1.2455-1.2460 region, or the 50-day Simple Moving Average (SMA), on Tuesday. Spot prices turn lower for the third straight day and trade just above the 1.2400 round-figure mark during the first half of the European session. (FXStreet)

USD/CHF extends the previous day’s losses as sellers prod a one-month-old rising support line around 0.9050 amid early Tuesday morning in Europe. That said, a broad US Dollar weakness allows the Swiss Franc (CHF) pair to please sellers for the second consecutive day. In doing so, the quote justifies the upbeat inflation numbers from Switzerland. (FXStreet)

The USD/JPY pair has found an intermediate cushion around 139.00 in the London session. The downside momentum in the asset has been intervened as the US Dollar Index (DXY) has displayed a decent recovery move after defending the crucial support around 103.80. (FXStreet)

The AUD/USD pair is struggling in extending the current rally above 0.6680 inspired by the surprise interest rate hike announcement by the Reserve Bank of Australia (RBA). RBA Governor Philip Lowe raised its Official Cash Rate (OCR) by 25 basis points (bps) to 4.10% considering the fact that current Australian inflation is extremely far from the desired level. This has trimmed the RBA-Federal Reserve (Fed) policy divergence. (FXStreet)

The NZD/USD pair gains some positive traction for the second successive day on Tuesday and maintains its bid tone through the early part of the European session. Spot prices, however, lack bullish conviction and remain below the 0.6100 round figure, warranting some caution before positioning for an extension of the recent bounce from the YTD low touched last week. (FXStreet)

The USD/CAD pair struggles to capitalize on the previous day's modest gains and comes under some renewed selling pressure on Tuesday. Spot prices continue drifting lower through the early part of the European session and drop to a nearly four-week low in the last hour, albeit showed some resilience below the 1.3400 round-figure mark. (FXStreet)

The EUR/GBP pair has slipped sharply to near 0.8610 in the London session. The asset witnessed a steep fall after the release of weak German Factory Orders data. Deutsche Bundesbank reported a contraction in monthly Factory Orders by 0.4% while the street was anticipating an expansion by 3.8%. Annual Factory Orders contracted significantly by 9.9% vs. the estimates of 8.4% contraction. (FXStreet)

USD/ZAR bears stay in the driver’s seat for the fourth consecutive day after it refreshed an all-time high in the last week. That said, the South African Rand (ZAR) pair drops to the fresh low in a fortnight while taking offers to 19.21 ahead of the South After Gross Domestic Product (GDP) release, scheduled for publishing at 09:30 AM GMT on Tuesday. (FXStreet)

EUR/JPY bears cheer downbeat German data to portray the second consecutive daily loss near 149.50 heading into Tuesday’s European session. In doing so, the cross-currency pair also ignores dovish comments from Bank of Japan (BoJ) Governor Kazuo Ueda. (FXStreet)

The AUD/JPY pair has jumped to near the crucial resistance of 93.00 after the announcement of a hawkish interest rate decision by the Reserve Bank of Australia (RBA). The RBA has raised its Official Cash Rate (OCR) by 25 basis points (bps) to 4.10%. (FXStreet)

AUD/NZD aptly portrays the market’s surprise from the Reserve Bank of Australia’s (RBA) rate hike as it jumps nearly 60 pips to the highest levels since late February, around 1.0955 heading into Tuesday’s European session. (FXStreet)

USD/INR stays on the front foot for the third consecutive day around 82.55 as bulls eye rejection of a short-term bearish chart formation during early Tuesday. In doing so, the Indian Rupee (INR) pair prods the top line of a fortnight-long falling trend channel. (FXStreet)

West Texas Intermediate (WTI), futures on NYMEX, have witnessed an intense sell-off in the European session. The oil price has shown a vertical decline and has dropped to near $70.63. The black gold has surrendered the majority of gains added to optimism about production cuts by Saudi Arabia. (FXStreet)

Natural Gas (XNG/USD) price remains mildly bid near $2.33 amid early Tuesday morning, up for the third consecutive day by the press time. In doing so, the energy asset justify the previous week’s rebound from an upward-slopping support line from the mid-April, as well as an upside break of a fortnight-long resistance-turned-support. Adding strength to the upside bias are the bullish MACD signals and the upbeat RSI (14) line, not overbought. (FXStreet)

Gold price (XAU/USD) is auctioning inside the woods around $1,960.00 in the early London session. The precious metal is displaying back-and-forth action as the investing community is divided about the interest rate decision by the Federal Reserve (Fed) to be taken in June’s monetary policy meeting. (FXStreet)

Silver continues with its struggle to gain any meaningful traction and oscillates in a narrow trading band for the second straight day on Tuesday. The white metal extends its sideways consolidative price move through the early European session and currently trades around mid-$23.00s, representing the 23.6% Fibonacci retracement level of the downfall witnessed in May. (FXStreet)

Source: FXStreet

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