Gold (XAU/USD) recovers a major part of intraday losses and climbs closer to the $4,400 mark heading into the European session on Tuesday, though any meaningful recovery still seems elusive.
Gold (XAU/USD) recovers a major part of intraday losses and climbs closer to the $4,400 mark heading into the European session on Tuesday, though any meaningful recovery still seems elusive.
The EUR/USD pair loses momentum to near 1.1580 during the early European session on Tuesday. The Euro (EUR) weakens against the Greenback as escalating geopolitical tensions in the Middle East drive traders toward a safe-haven currency.
The EUR/GBP cross trades on a flat note around 0.8650 during the early European session on Tuesday. The pair faces a volatile session amid escalating geopolitical tensions in the Middle East and shifting expectations for central bank policy.
Commerzbank analyst Volkmar Baur highlights that Japanese inflation fell more than expected in February, with weak services and food prices pointing to ongoing disinflation despite higher Oil.
The Indian Rupee (INR) opens lower against the US Dollar (USD) on Tuesday after a strong recovery move the previous day.
The NZD/USD pair continues with its struggle to make it through a technically significant 200-day Simple Moving Average (SMA) and attracts fresh sellers during the Asian session on Tuesday.
Silver (XAG/USD) resumes its broader downside trend on Tuesday after Monday's firm recovery move, as Iran denies involvement in talks with the United States (US) regarding the resolution of the war in the Middle East. During the press time, XAG/USD is down 3.2% to near $66.90.
West Texas Intermediate (WTI) oil price rebounds after registering over 9% losses in the previous day, trading around $91.00 per barrel during the Asian hours on Tuesday.
TD Securities strategist Pooja Kumra argues that disruptions in Qatar and Iran justify a higher Oil price baseline for 2026 versus pre-crisis levels. The bank keeps its assumption of a mid‑$90s range and notes that even a 10% Oil rise can significantly lift headline inflation.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, recovers its recent losses from the previous day and is trading around 99.40 during the early European hours on Tuesday.