Trading news

Silver price trades choppy on Tuesday, after extending its gains on Monday sponsored by heightened geopolitical tensions, the US trade-war with its allies, re-ignited the “sell America” trade during the day. The XAG/USD trades at $108.00 after bouncing off daily lows of $103.00, modestly up 0.05%

The Canadian Dollar (CAD) caught a sharp rise against the US Dollar (USD) on Tuesday despite being an overwhelmingly low performer across global markets.

TD Securities analysts expect the FOMC to maintain current interest rates, with a cautious approach supported by recent data. They note that while Chair Powell may not commit to near-term rate cuts, the median official still anticipates easing this year.

The 'Sell America' narrative continues to dominate market sentiment. The US Dollar Index (DXY) hit its lowest level since February 2022 on Tuesday, as investors positioned ahead of the Federal Reserve’s (Fed) monetary policy decision due on Wednesday.

Brown Brothers Harriman's (BBH) analysis shows that the NAB December business survey supporting expectations for a rate hike by the RBA. If the upcoming trimmed mean CPI inflation exceeds the RBA's projection, it could lead to a February rate increase and bolster the AUD.

Gold (XAU/USD) rallies for the seventh consecutive day, up by more than 0.60% on Tuesday, sponsored by increasing geopolitical tensions sparked by the trade war and threats of a possible intervention in the FX space to boost the Japanese Yen.

MUFG's analysis indicates that the Indian Rupee (INR) is likely to face challenges due to rising money market rates and a scarcity of capital inflows.

USD/CHF comes under heavy selling pressure on Tuesday, sliding more than 1% as broad-based weakness in the US Dollar (USD) fuels demand for the Swiss Franc (CHF). At the time of writing, the pair is trading around 0.7666, marking its lowest level since August 2011.

The Dow Jones Industrial Average (DJIA) took a header on Tuesday, peeling away from the tech-bolstered pack of major indexes and falling around 500 points, or one percent, on an otherwise quiet trading day.

NZD/USD trades around 0.6015 on Tuesday at the time of writing, up 0.65% on the day, extending a streak of eight consecutive gains and reaching its highest level since July 2025.

BNY Head of Markets Macro Strategy Bob Savage discusses the impact of recent U.S. tariff increases on South Korean imports, which have risen to 25%. Despite initial weakness in the Korean Won (KRW), domestic sentiment and foreign equity inflows have helped stabilize South Korean assets.

United States 5-Year Note Auction rose from previous 3.747% to 3.823%

The MUFG report highlights the expected underperformance of the Indonesian Rupiah (IDR) due to a dovish central bank stance and concerns regarding policy independence following recent appointments.

The Japanese Yen (JPY) remains on the front foot against the US Dollar (USD) on Tuesday, with growing intervention risks and broad-based weakness in the Greenback reinforcing downside pressure on the pair.

UOB Senior Economist Alvin Liew reports that Singapore's industrial production (IP) fell by 13.3% month-on-month in December 2025, aligning with market expectations. The decline was primarily driven by a significant drop in pharmaceuticals output, which decreased by 85.8%.

Indonesia's economy is poised for a cyclical rebound driven by expansionary macroeconomic policies, according to Standard Chartered's report by Aldian Taloputra. Fiscal policy is expected to play a larger role as the scope for further monetary easing diminishes.

US consumer sentiment lost momentum in January, as the Conference Board’s Consumer Confidence Index fell to 84.5 from a revised 94.2 (from 89.1), hitting the lowest level since 2014.

EUR/JPY trades around 183.20 on Tuesday at the time of writing, posting a modest 0.06% gain on the day, as the recovery attempt from the 182.00 area loses momentum.

The report from Brown Brothers Harriman (BBH) indicates that the KRW is underperforming. The announcement of increased tariffs by US President Trump is a significant factor impacting the KRW. Despite this, reduced capital outflows are providing some support to the currency.

The Pound Sterling soars during Tuesday’s North American session as the Greenback continues to weaken due to trade tariffs escalation ahead of the first Federal Reserve monetary policy meeting of 2026. The GBP/USD trades at 1.3776, up 0.76%.