Singapore Foreign Reserves (MoM) rose from previous 289.5B to 291.7B in January
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EUR/USD holds above 1.0700, eyes on Powell
EUR/USD edged lower toward 1.0700 in the early European session but managed to hold above that level. As investors await speeches from ECB officials and FOMC Chairman Jerome Powell, the pair struggles to make a decisive move in either direction.
GBP/USD trades with a touching distance of 1.2000
GBP/USD came under modest bearish pressure and touched its lowest level in a month below 1.2000 on Tuesday. The pair seems to have gone into a consolidation phase near that level with market participants awaiting FOMC Chairman Jerome Powell’s speech.
Gold clings to modest daily gains above $1,870
Gold price clings to modest daily gains and trades above $1,870 on Tuesday. Following Monday’s rally, the benchmark 10-year US Treasury bond yield stages a downward correction, allowing XAU/USD to stay in positive territory ahead of FOMC Chairman Powell’s speech.
Will Bitcoin price test $20,000 again?
Bitcoin price shows clear signs of distribution occurring on the four-hour chart, which indicates the possibility of a trend reversal. Moreover, BTC has been consolidating for more than two weeks with no direction in sight.