United States CFTC Oil NC Net Positions dipped from previous 322K to 306.4K

EUR/USD adds to Monday’s optimism and climbs to fresh 2026 tops near 1.1760 on turnaround Tuesday. The “Sell America” trade continues to weigh on the US Dollar as investors continue to assess developments around the US and Greenland.

GBP/USD advances for the second day in a row, coming closer to 1.3500 the figure, or multi-day highs, on the back of the intense sell-off in the Greenback. Cable, in the meantime, seems to ignore the mixed results from the UK labour market, which appear to reinforce the case for extra BoE easing.

Gold builds on Monday's gains and hits at a new record high around $4,750 per troy ounce on Tuesday. Escalating geopolitical tensions and growing fears of deepening trade conflicts, alongside the broad-based selling pressure surrounding the US Dollar continue to fuel the precious metal’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.