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Germany Trade Balance s.a. above expectations (€15.2B) in October: Actual (€16.9B)
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EUR/USD resumed its upward march after a brief and orderly pullback, pushing up to the 1.1930 area, its strongest level since June 2021. The pair’s advance reflects a steady loss of appetite for the US Dollar amid the broader inmprovement in market sentiment, with investors once again zeroing in on tariff risks linked to President Trump.
GBP/USD is trading at fresh multi-month highs around 1.3750 as broad-based weakness continues to hurt the Greenback on Tuesday, all after fresh headlines suggested President Trump has reignited the trade war, souring sentiment towards the buck ahead of the Fed meeting.
Gold keeps the bid tone well in place, approaching the $5,100 mark per troy ounce on Tuesday. The precious metal continues to draw support from a struggling US Dollar, ongoing uncertainty around trade policy and geopolitical risks.
Bitcoin (BTC) trades near $88,000 at press time on Tuesday, after reaching an intraday high of $89,010, and reflects an ease in buying pressure after Monday’s 2% rise.
US President Donald Trump ramped up trade tensions with South Korea yesterday after stating that Seoul is ‘not living up to its deal with the US’, as shown below via his Truth Social platform.
Axie Infinity is up 3% at press time on Tuesday, extending the 21% gains from Monday and a bullish start to the week. The gaming token regains retail demand following the announcement of its app token, bAXS, to replace the AXS token across the ecosystem and gameplay rewards.
