United States CFTC Oil NC Net Positions up to 225.2K from previous 206.1K

EUR/USD moves little after registering modest gains in the previous session, trading around 1.1640 during the Asian hours on Tuesday. The 14-day Relative Strength Index momentum indicator, at 44 (neutral-to-bearish), confirms fading momentum.

The United Kingdom docket has the labor market report to be released by the Office for National Statistics on Tuesday, later this session at 07:00 GMT. UK Claimant Count Change for December is expected to rise by 18.8K, reflecting the number of people claiming jobless benefits. The reading was 20.1K in November. Meanwhile, the Claimant Count Rate was at 4.4% in the previous month.

Gold extends its sideways consolidative price move through the Asian session on Tuesday and remains close to the all-time peak touched the previous day amid mixed fundamental cues. The US Dollar attracts some buyers and recovers a part of the overnight pullback from its highest level since December 9 amid reduced bets for two more interest rate cuts by the Federal Reserve.

Altcoins, including Midnight, Tezos, and Quant, outpace the broader cryptocurrency market in 24-hour gains at the time of writing on Tuesday. Monday’s rebounds in NIGHT, XTZ, and QNT face headwinds near crucial moving averages, capping the gains.

No trader had a US move on Greenland pencilled into their 2026 playbook. This was not a scenario lurking in the footnotes of anyone’s macro outlook. Yet here we are, with tariffs being waved like a naval blockade and diplomacy suddenly trading at a volatility premium.

Meme coins, such as Dogecoin, Shiba Inu, and Pepe, extend the decline from last week, with a roughly 3% drop on Monday. The meme coins trade below the crucial moving averages, aiming for the immediate support to potentially reset the momentum.