US Pre Market Open: Target one hit on AUD/CAD, taking partial profit on USD/CAD, game theory discussion

AUD/USD edges higher following the release of Australian consumer inflation figures, which backs the RBA's hawkish tilt and supports the Australian Dollar amid a positive risk tone. Spot prices, however, remain confined in a nearly two-week-old range amid trade-related uncertainties and ahead of Trump's State of the Union address. In the meantime, the Fed's less dovish outlook acts as a tailwind for the US Dollar and contributes to capping the currency pair.

Gold steadies below the $5,150 level following the previous day's pullback from the monthly peak as traders opt to wait on the sidelines ahead of Trump's State of the Union address. In the meantime, trade-related uncertainties and geopolitical risks seem to act as a tailwind for the safe-haven bullion. However, the Fed's less hawkish outlook underpins the US Dollar, which, along with a positive risk tone, caps the upside for the non-yielding yellow metal.

USD/JPY sticks to its positive bias near 156.00 during the Asian session on Wednesday and remains close to a two-week high as reports that Japan’s PM wants the BoJ to go slow on future rate hikes continue to weigh on the Japanese Yen. The US Dollar, on the other hand, draws support from the Fed's hawkish outlook and also acts as a tailwind for spot prices amid a positive risk tone. However, intervention fears could cap the currency pair ahead of Trump's State of the Union address.

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.