EUR/USD, XAU/USD, BTC/USD Downturn Reaction.


EUR/USD staged a late rebound on Monday but lost its bullish momentum near 0.9900. The pair trades in a narrow range below that level early Tuesday.

The data from Germany showed that the IFO Expectations Index edged higher to 75.6 in October from 75.3 in September, surpassing the market expectation of 75. The IFO Current Assessment Index, however, declined to 94.1 from 94.5 in the same period.

Gold failed to gather bullish momentum on Monday as the 10-year US yield held steady above 4.2%. XAU/USD stays on the backfoot in the early European session on Tuesday and trades below $1,650.

Bitcoin lost more than 1% but ended up closing the day above $19,000 on Monday. BTC/USD was last seen moving sideways near $19,300. Ethereum stays calm, slightly above $1,300 on Tuesday after dropping 1.5% on Monday.

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