The USD/CAD pair builds on the overnight recovery from the 1.3670 area, or a nearly four-week low, and gains some follow-through positive traction for the second straight day on Tuesday. 🔗 Source 💡 DMK Insight The USD/CAD’s bounce from 1.3670 is more than just a recovery—it’s a potential trend reversal signal. After hitting a nearly four-week low, this pair’s upward movement suggests traders might be reassessing the Canadian dollar’s strength against the USD. Factors like oil prices, which heavily influence CAD, and the recent U.S. economic data could be driving this shift. If the USD/CAD can hold above the 1.3700 level, it may attract more bullish sentiment, especially if we see a break above 1.3750, which could trigger further buying. On the flip side, if it fails to maintain momentum and dips back below 1.3670, it could signal a return to bearish pressure. Keep an eye on oil price fluctuations and U.S. economic indicators, as they could significantly impact this pair’s trajectory in the coming days. 📮 Takeaway Watch for USD/CAD to hold above 1.3700; a break above 1.3750 could signal a stronger bullish trend.

AUD/USD remains subdued for the second successive session, trading around 0.6910 during the European hours on Tuesday. Daily chart analysis indicates that the pair is rising within the ascending channel pattern, indicating a persistent bullish bias. 🔗 Source

TD Securities’ FX Weekly Dispatch, authored by Jayati Bharadwaj, outlines the changing dynamics for USDJPY as the US Treasury engages in the FX market to support the Ministry of Finance. 🔗 Source 💡 DMK Insight The US Treasury’s intervention in the FX market is a game changer for USDJPY traders right now. With the Ministry of Finance actively engaging in currency stabilization, we’re likely to see increased volatility in USDJPY. This could lead to significant price swings, especially if the intervention is perceived as a signal of broader economic concerns. Traders should watch for key resistance around the 150 level, as breaking through could trigger further selling pressure. Conversely, support at 145 is crucial; a bounce here could offer a buying opportunity for those looking to capitalize on potential rebounds. Keep an eye on Treasury yields as well—rising yields could strengthen the dollar further, impacting USDJPY dynamics. But here’s the flip side: if the market views the intervention as a sign of weakness, it could lead to a bearish sentiment shift. This situation is fluid, so monitoring sentiment around the intervention will be key. Look for any statements from the Treasury or the Ministry of Finance that could provide insight into their strategy and intentions moving forward. 📮 Takeaway Watch USDJPY closely; key levels are 150 resistance and 145 support, with volatility expected from US Treasury interventions.

The USD/INR pair pares its daily gains but maintains its position near an all-time high of 91.96, reached on January 23. The Indian Rupee (INR) receives support as market sentiment improves following India’s decision of reducing tariffs on European Union (EU) car imports to 40% from as high as 110%. 🔗 Source 💡 DMK Insight The USD/INR’s struggle to break past 91.96 is a key moment for traders. With the Indian Rupee gaining traction from tariff reductions on EU car imports, this could signal a shift in market sentiment. The reduction from 110% to 40% not only boosts consumer sentiment but could also enhance trade relations, potentially leading to a stronger INR. Traders should watch for a sustained move below the 91.50 level, which could indicate further weakness in the USD against the INR. Conversely, if the USD/INR breaks above 92.00, it could trigger a wave of selling in the INR, as traders rush to hedge against further dollar strength. It’s worth noting that while the current sentiment is positive, geopolitical factors and inflation data could quickly change the narrative. Keep an eye on upcoming economic releases from both the U.S. and India, as they could add volatility to this pair. The next few sessions will be crucial for determining the short-term direction of USD/INR. 📮 Takeaway Watch for USD/INR to hold below 91.50 for potential INR strength, but a break above 92.00 could signal renewed dollar strength.

Gold (XAU/USD) maintains its bid tone for the seventh straight day on Tuesday, though it seems to struggle to build on the momentum beyond the $5,100 mark and remains below the all-time peak through the first half of the European session. 🔗 Source 💡 DMK Insight Gold’s persistent bid tone is noteworthy, but the struggle to breach $5,100 raises questions about momentum. With XAU/USD holding steady for seven consecutive days, traders should consider the implications of this resistance level. The inability to push past $5,100 suggests a potential exhaustion in buying pressure, which could lead to a pullback if sellers gain traction. Monitoring the daily chart, a close below $5,050 could signal a shift in sentiment, prompting a reassessment of long positions. Additionally, keep an eye on broader market factors like inflation data and geopolitical tensions that often drive gold prices. If these factors remain supportive, gold might find renewed strength, but the current technical setup indicates caution. On the flip side, if gold manages to break above $5,100 decisively, it could trigger a wave of buying, potentially leading to a test of previous highs. For now, traders should watch for volatility around this key level and adjust their strategies accordingly. 📮 Takeaway Watch for gold’s ability to break above $5,100; a failure to do so could lead to a pullback below $5,050.

The report from Deutsche Bank discusses the recent volatility in Silver prices, which have surged significantly since the start of the year. Despite a pullback, Silver remains up over 260% since the beginning of 2025. 🔗 Source 💡 DMK Insight Silver’s 260% surge since early 2025 is a game changer for traders. This volatility reflects broader market trends, particularly as inflation concerns continue to drive investors toward precious metals. The recent pullback could be a crucial moment for day traders looking for entry points. Watching the $25 resistance level will be key; a break above could signal further upside, while a drop below $22 might indicate a deeper correction. Keep an eye on related assets like gold, which often moves in tandem with silver, as shifts in one can influence the other. Here’s the thing: while many are jumping on the silver bandwagon, it’s essential to consider the potential for a market correction. If the broader economic indicators shift, silver could face significant headwinds. So, monitor economic data releases closely, as they could provide hints on future price movements. 📮 Takeaway Watch for silver to hold above $25 for bullish momentum; a drop below $22 could signal a deeper correction.

The GBP/USD pair struggles to find acceptance or build on its gains beyond the 1.3700 mark for the second consecutive day and edges lower during the early part of the European session on Tuesday. The downside, however, remains cushioned, with spot prices holding above mid-1.3600s. 🔗 Source 💡 DMK Insight GBP/USD is stuck below 1.3700, and here’s why that matters for traders: The pair’s inability to hold above 1.3700 signals a lack of bullish momentum, which could lead to further downside pressure. With prices hovering in the mid-1.3600s, traders should watch for a potential breakdown below this level, which could trigger selling interest and push the pair towards the next support levels. The broader market context shows that the dollar remains strong amid ongoing economic data releases, which could further weigh on GBP/USD. If the pair fails to reclaim 1.3700 soon, it might indicate a shift in sentiment, especially with upcoming economic indicators from both the UK and the US. On the flip side, if the pair manages to break and close above 1.3700, it could signal a reversal, attracting buyers looking for a rally. Keep an eye on the 1.3600 support level; a breach here could lead to a more significant decline. Watch for volatility around key economic announcements this week, as they could provide the catalyst for a breakout or breakdown. 📮 Takeaway Monitor the 1.3600 support level closely; a break could lead to further declines in GBP/USD.

In its FX Weekly Dispatch, TD Securities maintains a bearish outlook on the USD, driven by a backdrop of solid global growth and declining safe-haven appeal. 🔗 Source 💡 DMK Insight TD Securities’ bearish stance on the USD is a signal for traders to reassess their positions. With SOL currently at $124.01, this sentiment could lead to increased interest in alternative assets like cryptocurrencies. A weaker USD often boosts demand for digital currencies as investors seek to hedge against inflation and currency devaluation. Traders should keep an eye on the correlation between SOL and USD movements; if the dollar continues to weaken, SOL might see upward momentum. Additionally, watch for key support levels around $120, which could act as a pivot point for traders looking to enter or exit positions. The broader context of solid global growth suggests that risk appetite is increasing, which could further fuel bullish trends in crypto markets. However, be cautious of potential volatility as market sentiment shifts. In the short term, monitor any economic data releases that could impact USD strength, as these will directly affect SOL’s performance and trading strategies. 📮 Takeaway Watch for SOL to test the $120 support level; a weaker USD could drive it higher in the coming days.

USD/CHF extends its recovery for the second successive session, trading around 0.7780 during the European hours on Tuesday. The pair appreciates as the US Dollar (USD) gains ground amid market caution ahead of the looming Federal Reserve (Fed) policy due on Wednesday. 🔗 Source 💡 DMK Insight USD/CHF’s rise to 0.7780 signals a cautious market ahead of the Fed meeting. Traders are reacting to the strengthening US Dollar, which reflects broader concerns about monetary policy and potential rate hikes. As the Fed’s decision looms, volatility is expected, particularly in pairs sensitive to USD movements. If the Fed hints at a more hawkish stance, we could see USD/CHF push higher, possibly testing resistance around 0.7800. Conversely, any dovish signals might trigger a pullback, making 0.7750 a key support level to watch. The real story here is how traders are positioning themselves ahead of the announcement. Institutions might be loading up on USD, while retail traders could be more cautious. Keep an eye on the Fed’s language regarding inflation and economic growth, as these factors will heavily influence market sentiment and trading strategies in the coming days. 📮 Takeaway Watch for USD/CHF to test 0.7800 resistance or 0.7750 support based on the Fed’s policy announcement tomorrow.

EUR/GBP eases to 0,8675 after failure to break 0.8685 highs 🔗 Source 💡 DMK Insight EUR/GBP’s retreat from 0.8685 highlights a critical resistance level that traders need to watch closely. The inability to break above this threshold suggests a potential consolidation phase, which could lead to further downside if selling pressure continues. A drop below 0.8650 might trigger more aggressive selling, while a sustained move above 0.8685 could open the door for a rally towards 0.8700. Given the current market sentiment, which is cautious amid broader economic uncertainties, traders should be prepared for volatility. Keep an eye on related pairs like EUR/USD and GBP/USD, as movements there could influence EUR/GBP’s trajectory. Also, watch for any economic data releases that might impact the Eurozone or UK, as these could serve as catalysts for price action in the near term. 📮 Takeaway Watch for EUR/GBP to hold above 0.8650; a break below could signal further declines, while a push past 0.8685 opens upside potential.