S&P500 climbs to intraday record high

FXStreet (Edinburgh) - The upbeat sentiment remains intact amongst traders on Tuesday, pushing the main indices to another session of gains.

Better-than-expected US docket is bolstering the upside today, lifting the S&P500 (0.47%) to fresh record highs around 1,910; while the Dow and Nasdaq are following suit, up 0.37% and 0.90%, respectively. The greenback, tracked by the DXY, is posting multi-week highs at the same time, currently easing some pips from the 80.50 area.

The main bourses in Euroland closed with gains on Tuesday, propped up by positive rumours in the corporate sector. The DAX advanced 0.49% followed by the FYSE100, 0.43% and the IBEX35, 0.25%. The EUR/USD is now looking to regain some ground lost against the backdrop of a better tone around the USD, currently hovering over 1.3630/35.

In the commodities’ space, the ounce troy of the precious metal is nose-diving almost 2% above $1,260 while the barrel of WTI is retreating 0.25% around $104.10.

AUD’s overvaluation overview - BAML

Adarsh Sinha, FX Strategist at BAML suggested that the depressed level of both realized and implied volatility in the AUD exchange rate can be at least partly attributed to the firmly neutral Reserve Bank of Australia (RBA).
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EUR/USD bucking the downward trend

EUR/USD is trading at 1.3635, down -0.08% on the day, having posted a daily high at 1.3670 and low at 1.3613.
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