Commodities
Silver (XAG/USD) prolongs its recent well-established upward trajectory and climbs to a fresh all-time peak, around the $70.00 psychological mark on Tuesday.
Forex
The NZD/USD pair attracts some follow-through buyers for the second consecutive day and climbs back closer to the monthly peak during the first half of the European session.
Forex
The GBP/USD pair builds on the previous day's strong move higher and gains positive traction for the second consecutive day on Tuesday.
Here is what you need to know on Tuesday, December 23:
Forex
USD/CHF extends its losses for the second consecutive day, trading around 0.7900 during the Asian hours on Tuesday.
Forex
EUR/USD extends its gains for the second successive session, trading around 1.1780 during the Asian hours on Tuesday. On the daily chart, technical analysis indicates a persistent bullish bias, as the pair moves upward within the ascending channel pattern.
Forex
USD/CAD extends its losses for the second successive session, trading around 1.3740 during the Asian hours on Tuesday.
Forex
GBP/USD found room on the high side on Monday, kicking off a holiday-shortened trading week with a fresh spat of Greenback weakness, bolstering the Pound Sterling (GBP) into its highest bids in ten weeks.
Commodities
Gold (XAU/USD) is surging, up 66% YTD, on heightened geopolitical risk (Russia-Ukraine, US-Venezuela, Israel-Iran) and soft US data hinting at aggressive rate cuts. The price breached $4450/oz, eyeing $4500. The technical picture is decent but overbought.
Forex
The Reserve Bank of Australia (RBA) will publish its minutes of its monetary policy meeting on Tuesday at 00.30 GMT.
