The Swiss Franc (CHF) is picking up against the US Dollar on Tuesday, trimming Monday’s losses amid a moderate improvement in market sentiment and steady Swiss Trade Balance figures. The USD/CHF pair trades at the 0.7850 area at the time of writing, down from 0.7884 highs in the previous day.

Deutsche Bank’s equity strategists remain constructive on US equities, projecting the S&P 500 at 8000 by year-end 2026. Recent price action shows the S&P 500 and NASDAQ extending record runs, supported by AI optimism and semiconductor strength, even as some mega-cap names underperform.

AUD/USD pares its latest losses from the previous day, trading around 0.7180 during the Asian hours on Tuesday.

Bitcoin (BTC) price dips below $70,000 on Tuesday, extending the 3% decline from the previous day. Market momentum turned extremely bearish, with Exchange Traded Funds (ETFs) tied to BTC offloading roughly $4 billion since May 15.

Spain Unemployment Change increased to -36.323K in May from previous -62.668K

Spain Unemployment Change rose from previous -62.668K to -36.3K in May

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.35 during the early European trading hours on Tuesday.

MUFG’s Michael Wan notes that negotiations around the US-Iran conflict and developments in the Strait of Hormuz remain a key driver for global markets. He highlights a sharp Brent crude spike toward $97 before a partial pullback, as well as fragile ceasefire dynamics.

Commerzbank’s Tatha Ghose expects Poland’s National Bank of Poland (NBP) to keep its base rate unchanged for an extended period, with forward markets already pricing out medium-term cuts after the Iran-related energy shock.

France Budget Balance fell from previous €-42.9B to €-69.6B in April

The US Dollar (USD) trades subduedly in the European trading session on Tuesday ahead of the United States (US) JOLTS Job Openings data for April, which will be published at 14:00 GMT.

OCBC's strategists Sim Moh Siong and Christopher Wong turn more cautious on Gold in the near term, cutting its price forecasts as elevated Oil prices, higher yields and a more hawkish Federal Reserve (Fed) have weakened Gold’s backdrop.

Silver (XAG/USD) appreciates on Tuesday, retracing losses from the previous two trading days and reaching session highs near $77.00. News of a ceasefire in Lebanon has lifted market sentiment, although it remains fragile amid conflicting messages from Iran’s conflict.

UOB’s Quek Ser Leang and Lee Sue Ann report AUD/USD fell sharply to 0.7135 before recovering to 0.7161 on Monday. They see slightly stronger downside momentum, with scope to retest 0.7135 while keeping 0.7100 as key support.

Danske Bank’s Danske Research Team highlights that global equities hit new highs, driven almost exclusively by energy and especially tech, while most sectors fell on Iran-related tensions and higher Oil.

The EUR/GBP cross trades on a flat note around 0.8645 during the early European trading hours on Tuesday. Traders prefer to wait on the sidelines ahead of the preliminary reading of the Harmonized Index of Consumer Prices (HICP) from the Eurozone, which will be published later on Tuesday. 

Commerzbank’s Michael Pfister argues that Eurozone inflation data have limited surprise potential for the foreign exchange market because many national figures are released beforehand and recent outcomes have largely matched expectations.

Switzerland Imports (MoM) declined to 19188M in April from previous 21282M

Switzerland Exports (MoM) declined to 22286M in April from previous 24458M

Switzerland Trade Balance down to 3098M in April from previous 3177M

The USD/JPY pair trades marginally higher to near 159.73 during the early European trading session on Tuesday. The pair edges up as the Japanese Yen (JPY) underperforms due to growing concerns regarding whether the Bank of Japan (BoJ) will raise interest rates in the near term.

NEAR Protocol (NEAR) price is up 4% at press time on Tuesday, extending the roughly 80% gains from May. Retail interest in NEAR is building momentum, with futures Open Interest rising over 15% in 24 hours. while the broader market remains under pressure from Bitcoin’s (BTC) pullback to $70,000.

Hyperliquid's native token HYPE climbed to a new all-time high of $74.18 on Monday, extending its rally amid sustained demand and strong ecosystem momentum.

The EUR/USD pair holds positive ground near 1.1635 during the early European trading hours on Tuesday. Hawkish stance of the European Central Bank (ECB) provides some support to the Euro (EUR) against the US Dollar (USD).

The GBP/USD pair attracts some buyers following the previous day's good two-way price swings and holds steady above the 1.3450 level through the Asian session on Tuesday.

The Indian Rupee (INR) trades almost flat against the US Dollar (USD) in the opening session on Tuesday. The USD/INR pair flattens around 95.00, while the Indian Rupee’s outlook has become uncertain as oil prices have bounced back due to fresh concerns over the United States (US)-Iran deal.

USD/IDR pulls back after reaching a fresh record high of 18,021 on Tuesday, trading around 17,900 at the time of writing. The pair depreciates as the Indonesian Rupiah (IDR) gains support following the release of domestic inflation data.