EUR/USD
The EUR/USD pair trades with mild losses around 1.1425 during the early European session on Tuesday. The US Dollar (USD) edges higher against the Euro (EUR) amid risk-off sentiment and a hawkish Federal Reserve (Fed) stance. Traders will keep an eye on the preliminary readings of the Purchasing Managers Index (PMI) from Germany, the Eurozone and the United States (US) later on Tuesday.
GBP/USD
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that GBP/USD closed little changed at 1.3250 after intraday swings, leaving momentum broadly flat and favoring near-term range trading between 1.3205 and 1.3275. However, on a 1–3 week horizon, they still expect further weakness toward 1.3160 as long as 1.3305 strong resistance holds.
USD/JPY
The USD/JPY pair holds steady near 161.55 during the early Asian session on Tuesday. Progress in US–Iran peace talks and intervention fears from the Japanese authorities might cap the upside for the pair. Traders will closely monitor the developments surrounding the ongoing talks in Switzerland between Washington and Tehran.
AUD/USD
AUD/USD extends its losses for the sixth consecutive day, trading around 0.6980 during the Asian hours on Tuesday. The pair remains subdued despite the release of improved preliminary Australian S&P Global Purchasing Managers Index (PMI) data. Traders’ attention is shifted toward domestic inflation and jobs data due later this week.
NZD/USD
The NZD/USD pair trades in negative territory for the fifth consecutive day around 0.5705 during the Asian trading hours on Tuesday. The US Dollar (USD) strengthens against the New Zealand Dollar (NZD) on a hawkish tone from the US Federal Reserve (Fed). Traders brace for the preliminary readings of the US S&P Global Purchasing Managers Index (PMI) later on Tuesday.
USD/CAD
The USD/CAD pair attracts some dip-buyers following the previous day’s modest pullback from its highest level since April 2025 and trades around the 1.4165-1.4170 region during the Asian session on Tuesday. Crude Oil prices remain depressed amid progress in US-Iran peace talks, undermining the commodity-linked Loonie. The US Dollar (USD), on the other hand, stands firm near a one-year high and further acts as a tailwind for the currency pair.
USD/CHF
The Swiss Franc (CHF) holds onto Monday’s losses around 0.8088 against the US Dollar (USD) during the Asian trading session on Tuesday. The Swiss Franc pair faces selling pressure due to continued outperformance by the US Dollar amid firm expectations that the Federal Reserve (Fed) will hike interest rates this year.
CRUDE OIL
Oil prices edged higher in Asian trade on Tuesday, recovering some ground after tumbling nearly 3% in the previous session as investors weighed the implications of progress in U.S.-Iran peace negotiations and a temporary easing of sanctions on Iranian crude exports.
Gold trades bearish at $4,127 — down sharply from yesterday’s $4,195 recovery high as a resurgent dollar and risk-on sentiment triggered by better-than-expected global PMI readings drained safe-haven demand. The metal has broken below the $4,135–$4,150 support cluster, with chart structure pointing toward a test of the $4,098–$4,100 zone if selling pressure extends through the New York session.
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