The EUR/USD pair recovers some lost ground and bounces off the low of 1.0875 heading into the early European session on Tuesday. The major pair currently trades around 1.0925, up 0.17% for the day. Markets await US Retail Sales data, and it could trigger volatility in EUR/USD in the next sessions. (FXStreet)

USD/JPY clings to mild losses around 145.50-45 heading into Tuesday’s European session as it prints the first daily loss in seven. In doing so, the Yen pair takes clues from the upbeat Japanese statistics and the US Dollar’s retreat amid a sluggish Asian session. (FXStreet)

The AUD/USD pair fades an intraday bullish spike to the 0.6520 region and retreats to the lower end of its daily range during the early part of the European session on Tuesday. Spot prices currently trade around the 0.6470 area, down for the sixth straight day and well within the striking distance of the YTD trough touched on Monday. (FXStreet)

The USD/CAD pair meets with some supply during the Asian session on Tuesday and erodes a major part of the overnight gains to a multi-day peak. Spot prices drop to a fresh daily low, below mid-1.3400s in the last hour and the intraday downtick could be solely attributed to some repositioning trade ahead of the latest Canadian consumer inflation figures, due for release later during the early North American session. (FXStreet)

The GBP/JPY cross jumps to a fresh high since December 2015 following the release of the UK employment details, with bulls now looking to build on the momentum further beyond the 185.00 psychological mark. (FXStreet)

EUR/GBP slides 25 pips to refresh intraday low near 0.8585 heading into Tuesday’s European session. In doing so, the cross-currency pair takes clues from the upbeat UK average earnings while paying a little heed to the downbeat employment change and unemployment rate figures per the latest release from the UK National Statistics. (FXStreet)

The AUD/JPY cross holds positive ground for the second consecutive day. The cross attracts some buyers following the Reserve Bank of Australia (RBA) Minutes and the economic data releases from Australia and Japan. AUD/JPY currently trades near 96.65, gaining 0.26% for the day. (FXStreet)

GBP/USD sticks to mild gains around 1.2700 as market players brace for the top-tier UK/US statistics on early Tuesday. That said, the Cable pair recently bounced off the lowest level in 1.5 months amid the US Dollar’s pullback but fails to extend the recovery moves amid cautious mood in the markets ahead of the data, as well as due to mixed concerns about the frontline risk catalysts. (FXStreet)

USD/INR defends the previous day’s upside break of the key resistance line while sticking to mild intraday gains around the yearly high amid early Tuesday. With this, the Indian Rupee (INR) pair prints a three-day winning streak near 83.20 by the press time. (FXStreet)

The NZD/USD pair recovers some lost ground and snaps five-day losing streaks below the 0.6000 barrier during the Asian session on Tuesday. The pair currently trades around 0.5980, up 0.04% for the day. (FXStreet)

USD/CNH bulls cheer a slew of downbeat catalysts surrounding China to refresh the yearly high to 7.3126 during early Tuesday, close to 7.2940 by the press time. In doing so, the offshore Chinese Yuan (CNH) also ignores the US Dollar’s retreat from the monthly high ahead of the US Retail Sales data. However, comments from China Stats Bureau Official and the Chinese banks’ efforts to defend the Yuan, via the money market operations, prod the pair buyers of late. (FXStreet)

People’s Bank of China (PBoC) set the USD/CNY central rate at 7.1768 on Tuesday, versus the previous fix of 7.1686 and market expectations of 7.2648. It's worth noting that the USD/CNY closed near 7.2580 the previous day. (FXStreet)

The USD/CHF pair holds ground around 0.8782 during the early Asian session on Tuesday. The pair remains sideways after retreating from multi-week high of 0.8827. Meanwhile, the US Dollar Index (DXY), a measure of the value of the USD against six other major currencies, trades The major pair remains capped around the 0.8800 barrier ahead of the Swiss Producer and Import Price Index for July and the US Retail Sales data. (FXStreet)

Price action on the daily AUD/NZD chart above shows a golden cross formation (green) developing and has already produced some uptick from AUD bulls - which I expect to rally further. In addition, the Relative Strength Index (RSI) has recently edged above the 50 mark which suggests short-term upside momentum. (DailyFX)



Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around the $82.00 mark so far on Tuesday. The Chinese real estate sector is concerned, and a stronger USD exerts some selling pressure on the WTI price. (FXStreet)

Natural Gas Price (XNG/USD) stays defensive around $2.89 as it seeks fresh clues to extend the previous two-day winning streak amid the initial Asian session on Tuesday. In doing so, the XNG/USD struggles to extend recovery from the 50-bar Exponential Moving Average (EMA) and an upward-sloping trend line from August 02. (FXStreet)

Gold Price (XAU/USD) cheers a pullback in the US Dollar, as well as mixed the market’s consolidation ahead of the top-tier US data/events to portray a corrective bounce off a five-week low. Adding strength to the XAU/USD’s rebound could be the People’s Bank of China’s (PBoC) rate cut and a slew of downbeat China data suggesting more stimulus from the Dragon Nation. Above all, a retreat of the US Dollar Index (DXY) joins the sluggish Treasury bond yields and cautious optimism in the market to allow the Gold bears to take a breather. (FXStreet)

Silver struggles to capitalize on the previous day's modest bounce from the $22.35 region, or its lowest level since June 30 and oscillates in a narrow band through the early part of the European session on Tuesday. The white metal currently trades just above the mid-$22.00s and remains vulnerable to prolong the recent downward trajectory witnessed over the past four weeks or so. (FXStreet)

Source: FXStreet, DailyFX

Disclaimer: This information does not represent a BUY or SELL recommendation on the stock covered. Traders and Investors are encouraged to do their own analysis on stocks instead of blindly following any Trading calls raised by various parties on the Internet