Fed FOMC? Central Banks waiting for the Fed to save their 'lifes' - Bednarik + Elam

EUR/USD trades without clear direction on Tuesday, giving away some post-US CPI gains and receding toward the 1.1660 zone amid humble losses. The Greenback, in the meantime, manages to edge a tad higher as investors continue to digest the release of US CPI data in December.

GBP/USD can’t quite find its footing and drifts back towards the lower end of its recent range, hovering around 1.3450 on Turnaround Tuesday. Cable has been stuck in a tight range, with the US Dollar keeping a modest bid after the release of the December US CPI figures.

Gold prices set aside the initial weakness and advances to all-time highs north of the $4,630 mark per troy ounce on Tuesday, adding to the ongoing positive streak. The precious metal picks up pace despite decent gains in the Greenback and rising US Treasury yields in the wake of the US CPI data release.

The segment of privacy coins outperforms the broader cryptocurrency market, with a roughly 290% rise in 2025. The rising user count on the cryptocurrency tumbler Tornado Cash amid regulatory pushes, such as the 2025 GENIUS Act, reflects a surge in demand for privacy.

News broke on Sunday night that the Federal Reserve received grand jury subpoenas from the Department of Justice on Friday, escalating the Trump administration's pressure on the nation's central bank. 

Ripple (XRP) is trading sideways above support at $2.00 at the time of writing on Tuesday. Recovery has remained elusive despite steady inflows into spot Exchange Traded Funds (ETFs), which have cumulatively attracted $1.23 billion.