Yesterday, the GBP/USD pair fell moderately due to poor statistics on UK industrial orders and positive US construction sector data.
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For one and a half month, the New Zealand currency has strengthened against the American one, after a reversal from the key support level of 0.6205.
Until recently, market participants were confident that the asset would trade within the range of 62.00–63.00 but information about the protests in Iran due to rising gas prices again provoked volatile fluctuations in quotes of “black gold”.
EUR showed ambiguous dynamics of trading on Tuesday, halting the development of an active “bullish” impulse, which remained since last Thursday.
Gold prices rose slightly yesterday, responding to rising tensions around US-Chinese trade talks, as well as corrective sentiment in the US stock markets.
AUD showed moderate growth against USD on Tuesday, updating local highs of November 14. During the day, the instrument mainly declined, remaining under pressure after the publication of controversial minutes of the RBA meeting.
Since the beginning of this month, the AUD/USD pair moves downwards. Today, the price fell around 0.6785 amid the publication of RBA Meeting Minutes and negative signals on the US-China trade deal. According to the November meeting report, Australian regulator officials are ready to continue cutting rates if necessary but are still waiting for positive results from the first three cuts, which should support employment, income growth and inflation.
In November, “black gold” is trading within a limited price range awaiting news of trade negotiations between the US and China.
The US stock market continues to update historic highs. Nasdaq index is trading at 8354.1, with the next target at 8616.0.
The USD/JPY pair continues to move within a long-term wide upward trend.