Bitcoin is once again navigating another crisis by defying the broader risk-off sentiment. History shows a clear pattern: every major crisis – from exchange collapses like Mt.

The British Pound (GBP) trades broadly flat against the Japanese Yen (JPY) on Tuesday as a thin economic calendar keeps price action subdued, with attention firmly shifting to the Bank of England (BoE) and Bank of Japan (BoJ) interest rate decisions due on Thursday.

Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is flat against the Dollar (USD) but supported by elevated Oil prices and narrow yield spreads.

TD Securities’ Senior Commodity Strategist Daniel Ghali warns Gold is increasingly exposed as US 2-year yields break their downtrend and the macro backdrop shifts.

United States Pending Home Sales (YoY) fell from previous -0.4% to -0.8% in February

United States Pending Home Sales (MoM) above expectations (-0.5%) in February: Actual (1.8%)

Deutsche Bank’s Global Head of FX Research George Saravelos notes that the Iran war has made markets highly correlated to energy, with higher Oil prices and weaker global growth now supporting the Dollar. Asia FX is seen as central to broad Dollar direction and is being hit hardest.

Societe Generale economists assess how the reformed German debt brake and approved 2025–2026 budgets will lift German fiscal spending and affect the Euro area.

Rabobank’s Senior FX Strategist Jane Foley discusses Japanese Yen (JPY) dynamics around upcoming G10 central bank meetings and potential Bank of Japan policy shifts. Foley notes Governor Ueda’s hawkish tone, ongoing BoJ tightening expectations despite higher energy costs.

The Swiss Franc (CHF) weakens against the Euro (EUR), with EUR/CHF edging higher after reversing intraday losses, despite soft Eurozone Economic Sentiment data.

Ripple (XRP) is easing from its daily high of $1.61, trading above $1.50 at the time of writing on Tuesday. The remittance token had maintained modest gains for four consecutive days, reflecting a broad increase in crypto prices led by Bitcoin (BTC), which touched $76,000 earlier in the day.

BNP Paribas argues emerging economies face a renewed stagflationary energy shock, but are not generally more vulnerable than in 2022. The bank highlights limited exchange rate depreciation, existing price-mitigation schemes, and stronger reserves.

Private-sector hiring in the US appears to have lost a bit of momentum toward the end of February. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of just 9K jobs per week in the four weeks through February 28.

EUR/JPY trades around 183.25 on Tuesday at the time of writing, up 0.14% on the day, extending its gains for a second consecutive session.

Rabobank Strategist Molly Schwartz and Christian Lawrence note that Canadian GDP contracted 0.6% quarter‑over‑quarter in Q4 2025 but still rose 0.7% year‑over‑year, with weakness driven by inventory drawdowns.

United States Redbook Index (YoY): 6.4% (March 13) vs 6.2%

BNY’s Head of Markets Macro Strategy Bob Savage highlights U.S. diesel prices breaking above $5 per gallon for the first time since 2022, warning of pass‑through to transport and broader inflation and potential political risks into the U.S. midterms.

Commerzbank's FX & Commodity Analyst Volkmar Baur reports that Chinese Aluminium production has risen nearly 3% year-on-year and is running above the government’s annualized cap, supported by higher Aluminium prices and redirected Alumina flows as the Strait of Hormuz remains blocked.

United States ADP Employment Change 4-week average fell from previous 15.5K to 9K in February 21

Gold (XAU/USD) trades in a tight range on Tuesday as traders remain cautious and avoid large directional bets ahead of a heavy week of monetary policy announcements from major central banks. At the time of writing, XAU/USD trades virtually unchanged around $5,008, hovering near one-month lows.

The cryptocurrency market has remained relatively robust despite the ongoing war in the Middle East, which has driven Oil prices near $100.

Commerzbank’s Commodity Analyst Carsten Fritsch notes that Gold has fallen about 5% since the Iran war began, struggling to act as a safe haven as a stronger Dollar and repriced Fed expectations weigh.

Silver price (XAG/USD) trades cautiously around $80.50 during the European trading session on Tuesday. The white metal wobbles in a tight range as investors shift focus to the Federal Reserve’s (Fed) monetary policy announcement on Wednesday.

BNY’s Head of Markets Macro Strategy Bob Savage highlights that the Canadian Dollar (CAD) has been among the best-performing G10 currencies over the past two weeks, helped by steady inflows during the Iran conflict.

AUD/USD trades around 0.7090 on Tuesday at the time of writing, up 0.25% on the day, rebounding after an initial pullback following the Reserve Bank of Australia (RBA) monetary policy decision.

Brown Brothers Harriman’s (BBH) Elias Haddad notes that the Dollar is trading defensively even as Brent holds above $100 and European gas prices stay elevated.

ING’s Francesco Pesole notes the Reserve Bank of Australia (RBA) delivered a split 25 bp hike to 4.10%, initially read as dovish and triggering a sell-the-fact move in AUD/USD before a rebound on Governor Bullock’s comments.