Germany ZEW Survey – Economic Sentiment above forecasts (50) in January: Actual (59.6)

EUR/USD gathers bullish momentum and trades at its highest level in two weeks above 1.1700 on Tuesday after closing in positive territory on Monday. In the absence of high-tier data releases, investors will remain focused on headlines surrounding the EU-US dispute over Greenland.

GBP/USD corrects lower and trades modestly higher on the day near 1.3450 after coming in within a touching distance of 1.3500 earlier in the day. Investors ignore the data from the UK, which showed that the ILO Unemployment Rate remained unchanged at 5.1% in the three months to November, and continue to pay close attention to the EU-US conflict.

Gold builds on Monday's impressive gains and trades at a new record-high, well above $4,700 on Tuesday. Escalating geopolitical tensions and growing fears of deepening trade conflicts, alongside the broad-based selling pressure surrounding the US Dollar, fuel XAU/USD's rally.

Bitcoin price extends losses, trading below $91,000 at the time of writing on Tuesday amid escalating geopolitical tensions over Greenland. Investors are moving toward safe-haven assets, with Gold hitting fresh all-time highs, while BTC continues to nosedive.

Over the weekend, President Trump threatened a new round of tariffs on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and the UK, with reporting flagging 10% from February 1 and a possible step-up later.

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices are extending their losses on Tuesday as risk-on sentiment fades amid rising geopolitical tensions over Greenland.