United Kingdom Claimant Count Rate unchanged at 4.4% in April

The United Kingdom’s (UK) ILO Unemployment Rate rose to 5.0% in the three months to March after reporting 4.9% in the previous reading, data published by the Office for National Statistics (ONS) showed on Tuesday.

United Kingdom Employment Change (3M) climbed from previous 25K to 148K in March

United Kingdom ILO Unemployment Rate (3M) registered at 5% above expectations (4.9%) in March

United Kingdom Claimant Count Change came in at 26.5K below forecasts (27.3K) in April

United Kingdom Average Earnings Excluding Bonus (3Mo/Yr) meets expectations (3.4%) in March

United Kingdom Average Earnings Including Bonus (3Mo/Yr) registered at 4.1% above expectations (3.8%) in March

The Indian Rupee (INR) holds onto its 10-day losses against the US Dollar (USD) in the opening session on Tuesday.

The EUR/USD pair trades 0.18% lower to near 1.1635 during the European trading session on Tuesday. The major currency pair faces selling pressure as the US Dollar (USD) resumes its upside journey amid firm expectations that the Federal Reserve (Fed) will not cut interest rates this year.

Silver price (XAG/USD) depreciates after registering 2.36% of gains in the previous day, trading around $76.30 during the Asian hours on Tuesday. Safe-haven demand for Silver fades as risk aversion eases after US President Donald Trump announced he was delaying a planned military strike on Iran.

The GBP/JPY cross trades in negative territory near 213.15 during the early European session on Tuesday. The stronger-than-expected Japan Gross Domestic Product (GDP) report for the first quarter (Q1) provides some support to the Japanese Yen (JPY) and acts as a headwind for the cross.

The US Securities and Exchange Commission (SEC) is expected to release an “innovation exemption” framework for tokenized stock trading, which could create a 24/7, decentralized vertical.

The USD/JPY pair trades with positive bias for the seventh straight day and is currently placed around its highest level in nearly three weeks, with bulls looking to extend the momentum beyond the 159.00 mark.

Chiliz (CHZ) continues to trade in green above $0.049 on Tuesday, having rallied nearly 5% in the previous day. CHZ is outperforming the broader cryptocurrency market so far this week, as the token’s resilience appears to be driven by improving sentiment in the derivatives market.

Gold prices fell in India on Tuesday, according to data compiled by FXStreet.

The AUD/JPY cross attracts some sellers to around 113.45 during the early European session on Tuesday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) following Japan’s upbeat Gross Domestic Product (GDP) report.

West Texas Intermediate (WTI) oil price gains ground for the fourth consecutive day, trading around $102.20 per barrel during the Asian hours on Tuesday.

Japan Tertiary Industry Index (MoM) came in at -0.2%, above forecasts (-0.4%) in March

Japan Industrial Production (YoY) increased to 2.4% in March from previous 2.3%

Japan Capacity Utilization dipped from previous -0.1% to -1.2% in March

Japan Industrial Production (MoM) came in at -0.4%, above expectations (-0.5%) in March

Gold (XAU/USD) attracts fresh sellers following an Asian session move up to the $4,590 region, stalling the previous day's modest recovery from the lowest level since March 30.

Bitcoin (BTC) trades around $76,000 on Tuesday amid renewed stress on the US-Iran ceasefire. However, Ondo (ONDO) and Zcash (ZEC) have emerged as top performers over the last 24 hours, with a rebound driven by rising Total Value Locked (TVL) in tokenized stocks and social activity, respectively.

Ripple (XRP) and Stellar (XLM) remain under pressure on Tuesday as bearish momentum continues to dominate after correcting nearly 5% and 12%, respectively, in the previous week. XRP and XLM both trade beneath all major Exponential Moving Averages (EMAs), reflecting sustained selling pressure.

USD/CHF recovers its recent losses registered in the previous day, trading around 0.7860 during the Asian hours on Tuesday. The pair appreciates as the US Dollar (USD) draws support from expectations of a more hawkish outlook from the US Federal Reserve (Fed).

The New Zealand Dollar (NZD) resumes its downside journey against the US Dollar (USD) on Tuesday after a recovering move the previous day, trading 0.33% lower to near 0.5855 during the Asian trading session.

The GBP/USD pair loses ground to near 1.3415 during the Asian trading hours on Tuesday. The British Pound (GBP) edges lower against the Greenback amid UK political turmoil. Traders will take more cues from the UK employment report, which is due later on Tuesday.