Asian Session: Live Market Analysis

AUD/USD consolidates the latest uptick below 0.7100 following the release of Australian consumer inflation figures, which back the RBA's hawkish tilt and boost the Australian Dollar amid a positive risk tone. The pair, however, remains confined in a nearly two-week-old range amid trade-related uncertainties and as Trump's State of the Union address gets underway.

Gold finds fresh demand and regains the $5,150 level following the previous day's pullback from the monthly peak as traders assess Trump's State of the Union address. Trade-related uncertainties and geopolitical risks seem to act as a tailwind for the safe-haven bullion. 

USD/JPY turns south below 156.00 in the Asian session on Wednesday, retreating from two-week highs of 156.28 reached after reports that Japan’s PM wants the BoJ to go slow on future rate hikes weighed on the Japanese Yen. However, intervention fears cap the currency pair as Trump's State of the Union address kicks off.

Hyperliquid registered a 3% gain on Tuesday after CoinShares announced the launch of its Physical Hyperliquid Staking exchange-traded product, offering investors exposure to the token's price and staking yields.

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

The US Dollar (USD) is on a green note on Tuesday after recovering from Monday’s decline as investors digested the United States (US) Supreme Court ruling against President Donald Trump's tariffs and the new round of levies he announced last weekend.