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Japan CFTC JPY NC Net Positions down to ¥-82.6K from previous ¥-81.3K
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EUR/USD carried over Monday’s momentum, pushing up toward the proximity of the key 1.2000 area, a level not seen since June 2021. The ongoing leg higher reflects continued selling pressure on the US Dollar, with the broader risk backdrop still supportive and investors once again zeroing in on tariff-related risks coming out of the White House.
GBP/USD is pushing to fresh multi-month highs, approaching the 1.3800 mark, with broad-based US Dollar weakness firmly in control on Tuesday. The Greenback remains under pressure after fresh headlines suggested President Trump has reignited the trade war, denting confidence in the currency ahead of the Federal Reserve’s policy decision.
Gold remains firmly bid on Tuesday despite giving away some of its earlier gains and edge back toward the $5,050 region per troy ounce. The precious metal continues to find support from a struggling US Dollar, alongside persistent uncertainty surrounding trade policy and broader 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.
Ripple (XRP) is trading around $1.88 at the time of writing on Tuesday, correcting from the previous day’s high of $1.95. The cross-border remittance token remains under immense pressure amid a weak technical structure.
