Trading news

US President Donald Trump said that operation Midnight Hammer was a complete and total obliteration of the nuclear dust sites in Iran, Reuters reported on Tuesday. Trump further stated that “digging it out will be a long and difficult process.”

The EUR/JPY cross struggles to capitalize on the previous day's goodish rebound from the 186.25 area, or a one-week low, and oscillates in a narrow range during the Asian session on Tuesday.

USD/CHF edges higher after registering modest losses in the previous day, trading around 0.7790 during the Asian hours on Tuesday.

Gold (XAU/USD) struggles to capitalize on the previous day's goodish rebound from the $4,737 area, or a one-week low, and attracts some sellers during the Asian session on Tuesday.

The NZD/USD pair trades 0.3% higher above 0.5900 during the Asian trading session on Tuesday. The Kiwi pair gains as the market sentiment turns risk-on due to reports claiming that Iran has agreed to another round of peace talks with the United States (US).

GBP/USD inches lower after registering modest gains in the previous day, trading around 1.3520 during the Asian hours on Tuesday. The technical analysis of the daily chart indicates an ongoing bullish bias, as the pair moves within the ascending channel pattern.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 98.10 during the Asian trading hours on Tuesday. The DXY trades with mild gains as traders await the developments surrounding the US-Iran talks. 

Japanese Finance Minister Satsuki Katayama said on Tuesday that the country’s government will continue to closely monitor financial markets and take measures if needed.

US President Donald Trump said he’s not likely to extend the two-week ceasefire with Iran, increasing the urgency for negotiators to reach a deal to end the war. Trump reiterated that the Strait of Hormuz would stay blockaded for now until a deal is signed.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $86.00 during the Asian trading hours on Tuesday. The WTI price edges higher as tensions rise between the United States (US) and Iran.

USD/CAD remains subdued for the seventh consecutive day, trading around 1.3640 during the Asian hours on Tuesday.

Silver (XAG/USD) extends its sideways consolidative price move for the second consecutive day and trades around mid-$79.00s during the Asian session on Tuesday. Traders seem reluctant amid uncertainty over further US-Iran peace talks before the fast-approaching ceasefire expiration on Wednesday.

AUD/USD inches lower after little gains registered in the previous day, trading around 0.7170 during the Asian hours on Tuesday.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.8594 compared to the previous day's fix of 6.8648 and 6.8112 Reuters estimate.

The USD/JPY pair regains some positive traction following the previous day's two-way directionless price moves and climbs to the 159.00 mark during the Asian session on Tuesday.

The EUR/USD pair trades with mild losses near 1.1785 during the early Asian session on Tuesday. Traders continue to digest ongoing Middle East tensions ahead of the 14-day ceasefire expiration. The ZEW Survey from Germany and the Eurozone is due later on Tuesday.

Iranian Parliament speaker Mohammad Bagher Ghalibaf said that Iran will not accept negotiations with the United States (US) while under threat, the Guardian reported on Tuesday.

The NZD/USD pair gains momentum to around 0.5910 during the early Asian session on Tuesday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) following hotter-than-expected domestic inflation data.

Gold price (XAU/USD) trades on a flat note near $4,825 during the early Asian session on Tuesday. The precious metal steadies amid renewed geopolitical instability in the Middle East.  

GBP/USD advanced 0.1% on Monday, trading around 1.3530 after pulling back from last week's peak near 1.3600.