US dollar

The market mood remained cautious amid lingering US-China trade deal concerns and ongoing Hong Kong civil unrest.
The US dollar gained ground across its main competitors, except for the pound and Euro. Meanwhile, the Asian equities traded broadly mixed amid negative sentiment seen around the Treasury yields and Wall Street futures.
USD/JPY consolidated the early gains to near 109.20 for the better part of the Asian trading, while GBP/USD is holding onto Monday’s significant gains, triggered by Nigel Farage’s announcement. EUR/USD is seen moving back and forth in a 15-pips trading range around 1.1030 during the early European session.
On the data front, the UK Jobs and Wage growth figures will keep the GBP traders at 09:30 GMT. Meanwhile, the German ZEW Survey for November, due at 10:00 GMT, could likely hog the limelight in the European session. The NA docket, in contrast, remains mostly data-light.
The main event risk for today is likely to be the speech by the US President Trump at the Economic Club of New York, scheduled at 17:00 GMT.
Also, in focus will remain the speeches by the Fed officials Clarida, Barkin, Harker and Kashkari for fresh insights into the US monetary policy outlook ahead of the Fed Chair Powell’s testimony due on Wednesday.
Oil prices rose on Tuesday, reversing early losses on hopes that U.S. President Donald Trump may signal progress on trade talks with China.
The safe-haven gold consolidated the latest declines amid a broadly firmer US dollar and refrains from further declines amid a lack of fresh catalysts. Headlines concerning Hong Kong, the Middle East and US-China trade relations highlight market risk.