Sideways action for Metals

FXstreet.com (Chicago) – Metals flowed smoothly after flat advancements and ups and downs that went back to points of departures. Gold, silver and copper registered losses while platinum and palladium advanced.

Gold is offered at $1,323.30 registering lows at $1,305.50 and highs at $1,329.40 to retrace 0.28% so far. Silver is down 0.67% and trades at $21.71 printing lows at $21.33 and highs at $22.04. Platinum is up 0.15% and trades at $1,428.10 with lows at $1,416.10 and highs at $1,433.00. Copper is down 1.03% and is offered at $3.2640 registering lows at $3.2360 and highs at $3.2980. Finally, palladium trades at $719.85 and advances 0.26% after registering lows at $711.40 and highs at $722.15.

AUD/USD heavy buying 0.9365/70 keeps neutral profile

AUD/USD traded heavy during Tuesday, with traders in the London session taking the exchange rate to next target at 0.9365/70 before strong buying interest resurfaced in early US hours.
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USD/JPY battling to hold above Monday’s low of 98.64 on a closing basis

The USD/JPY bulls caught what may be a temporary reprieve Tuesday as the DXY drifted higher in a corrective move. If and when the DXY’S recent bearish trend resumes, though, more downside for USD/JPY may be in store.
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