USD/JPY moves on the downward trajectory to an eight-week low. 147.00 psychological level appears to be a key support following the 38.2% Fibonacci retracement. A breakthrough above the 148.00 level could support the pair to explore the region near the nine-day EMA. (FXStreet)

EUR/USD registered modest gains on Monday and rose above 1.0950 early Tuesday. European Central Bank Governing Council member Francois Villeroy de Galhau said on Tuesday that interest rates have reached a plateau, where they will remain for the next few quarters. (FXStreet)

GBP/USD scales higher for the third successive day and advances to over a two-month top. Dovish Fed expectations, sliding US bond yields and a positive risk tone undermine the USD. Technical buying above the 100-day SMA fuels the momentum ahead of the FOMC minutes. (FXStreet)

NZD/USD trades higher on the expectation that the Fed has ended its rate-hike cycle. Technical indicators suggest a bullish sentiment to explore the psychological resistance around 0.6100. 23.6% Fibonacci retracement at 0.6004 could act as the support aligned with the nine-day EMA. (FXStreet)

USD/CHF moves on a downward trajectory on improved risk appetite. Downbeat US CPI for October leads investors to view rate cuts in 2024. Swiss Franc receives strength on the possibility of more interest rate hikes by SNB. (FXStreet)

USD/CAD faces challenges on improved Crude oil prices. WTI improves on speculation that OPEC may decide on more production cuts. CPI Canada is anticipated to have eased at 3.2% in October. (FXStreet)

GBP/JPY drifts lower for the fourth straight day and is pressured by a combination of factors. Expectations of a policy shift by the BoJ continue to boost the JPY and drag the cross lower. Bets that the BoE will cut rates in 2024 further contribute to Sterling’s underperformance. (FXStreet)

USD/MXN faces challenges on improved risk appetite. Mexico’s mid-November inflation is expected to rise slightly. Downbeat US bond yields contribute to pressure on the US Dollar.

Indian Rupee loses momentum on the renewed US Dollar demand. Sustained dollar demand from state-run and foreign banks, overseas outflows, and higher crude oil prices might cap the INR’s upside. The FOMC Meeting Minutes will be in the spotlight on Tuesday. (FXStreet)

EUR/JPY loses traction amid the lack of a catalyst in early European session on Tuesday. The bullish outlook remains intact as the cross still holds above the key 100-hour EMA. The immediate resistance level is located at 161.46; the initial support level is seen at 161.60. (FXStreet)

WTI prices trade in positive territory for the third consecutive day on Tuesday. Saudi Arabia is planning to prolong oil production cuts of 1 million barrels per day through next year. The concern about  a slowing global economy outweighed the prospect of deepening supply cuts by OPEC+. Oil traders will focus on the FOMC Meeting Minutes and US crude oil inventory data. (FXStreet)

Gold price gains strong positive traction on Tuesday and climbs to over a two-week top. Dovish Fed expectations, sliding US bond yields and a weaker USD remain supportive. A positive risk tone keeps a lid on any further gains ahead of the crucial FOMC minutes.  (FXStreet)

XAG/USD attracts fresh buying on Tuesday and reverses the previous day’s slide. The technical setup favours bullish traders and supports prospects for further gains. A move beyond a descending trend-line is needed to reaffirm the positive outlook. (FXStreet)

Bitcoin Faces a Key Test at the $38k Mark with Another Rejection Likely Leading to a Deeper Retracement. ETF Approval Delay Has Not Had a Negative Impact on Bitcoin Prices Yet as January  Eyed for a Decision. Ethereum is Throwing Mixed Signals as the 2124 Handle Holds the Key.

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.