Joshua Gibson

GBP/USD snapped a three-day losing streak that dragged the pair down toward the 1.2600 handle last week, recovering a little over one-half of one percent on Monday and pushing back into touch range of 1.2700.

EUR/USD struck a sluggishly bullish note on Monday, drifting into the high end of near-term consolidation just north of the 1.0500 handle, albeit with a notable lack of conviction.

The Canadian Dollar (CAD) plunged to a fresh multi-year low on Tuesday, falling four-tenths of a percent against the Greenback and pushing USD/CAD to its highest bids in nearly five years, sending the pair above 1.4300 for the first time since March of 2020.

The Dow Jones Industrial Average (DJIA) shed another 300 points on Tuesday as losses accumulate in the key index and begin to gather speed.

Investor sentiment is grinding out worry lines in the charts, pushing major currency pairs into near-term midranges as the Federal Reserve’s (Fed) last rate call of 2024 approaches for a landing on Wednesday, with a smattering of other key central banks slated to make appearances this week as well.

GBP/USD stretched into a two-day winning streak on Tuesday, gaining one-fifth of one percent and recapturing the 1.2700 handle, but only just.

EUR/USD shed a fresh fifth of a percent against the Greenback on Tuesday. Fed-centric US data docket dominates investor sentiment.

The USD/CAD pair trades with mild gains near 1.4310 during the early Asian session on Wednesday.

NZD/USD declines on Tuesday, settling near 0.5755 after Monday's modest recovery attempt. Pair remains confined below the 20-day SMA, reinforcing the prevailing bearish bias.