Durable Goods Orders for February and Housing Price Index for January will be featured in the economic calendar in the American session and the Conference Board will publish the Consumer Confidence report. Market participants will also continue to keep a close eye on comments from central bank officials. US Consumer Confidence Preview: An uptick in confidence can boost the USD.
Later in the day,European Central Bank chief economist Philip Lane is scheduled to deliver a speech. GBP/USD staged a rebound after testing 1.2600 on Monday gained 0.3% on the day. The pair trades at around 1.2650 to start the European session. Gold climbed above $2,180 on Monday but erased a large portion of its daily gains, pressured by rising US T-bond yields. XAU/USD stays in a consolidation phase near $2,170 early Tuesday.
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