Render (RENDER) is up 7% at press time on Tuesday, extending a four-day rally with over 25% gains so far. A surge in wallet- and leverage-driven trading activity bolsters the rally, reflecting increased retail demand for the AI token.

European Central Bank (ECB) Chief Economist Philip Lane said in an interview with Nikkei, "I don't think the market needs some kind of extra guidance from us,” when asked about speculation of an interest rate hike by the central bank.

Bitcoin (BTC) trades cautiously below $77,000 on Tuesday, consolidating around its key 50-day and 100-day Exponential Moving Averages (EMAs). The market sentiment remains uncertain as the US-Iran deal remains distant, capping upside moves in risky assets such as BTC.

MUFG’s Derek Halpenny notes that optimism over a potential US–Iran peace deal initially pushed the Dollar lower alongside a sharp drop in Brent crude, but subsequent US strikes have revived uncertainty.

Citing a source close to Tehran's negotiation team, Iran's Tasnim news agency reported on Tuesday that Iran insists $24 billion of frozen Iranian funds must be released in a potential Memorandum of Understanding (MOU) with the United States (US).

Deutsche Bank’s Jim Reid and team note that Brent Oil has fallen sharply as hopes build for a deal to end the Iran war, with prices dropping back below $100. The bank links recent Oil weakness to reduced stagflation fears and lower inflation expectations.

Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $76.06 per troy ounce, down 2.56% from the $78.06 it cost on Monday.

Societe Generale’s Kenneth Broux highlights that EUR/GBP is trading within a Head and Shoulders pattern, implying potential downside if key levels give way.

The USD/CAD pair extends its sideways consolidative price move for the second straight day on Tuesday and holds steady near the 1.3800 mark through the first half of the European session.

EUR/CAD depreciates after four days of losses, trading around 1.6060 during the European hours on Tuesday. The currency cross loses ground as the commodity-linked Canadian Dollar (CAD) remains firm amid higher crude oil prices.

DBS Group Research economist Radhika Rao notes that the Indian Rupee has appreciated from near 97.00 to the mid-95.00 area on hopes of easing West Asia tensions, lower Oil prices, and central bank support.

Dow Jones futures advance 0.53% above 50,900 during European hours ahead of the US regular opening on Tuesday. Meanwhile, the S&P 500 rise 0.54% toward 7,550, and the Nasdaq 100 futures gain 0.73% above 29,750.

The British Pound (GBP) trades lower against its major currency peers, is down 0.25% to near 1.3470 against the US Dollar (USD) during the European trading session on Tuesday.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – regains some positive traction on Tuesday and recovers a part of the previous day's heavy losses to the $88.75-$88.70 region, or over a two-week low.

MUFG’s Derek Halpenny expects the Reserve Bank of New Zealand (RBNZ) to leave rates unchanged but deliver a hawkish message, with updated forecasts showing higher inflation and a higher projected Official Cash Rate (OCR).

UOB’s Quek Ser Leang and Lee Sue Ann report that AUD/USD broke above a cited resistance but the move lacked follow-through, leaving the pair likely to consolidate. They have shifted to a neutral stance, viewing recent price action as range-bound.

AUD/USD loses ground after registering over 0.5% gains in the previous day, trading around 0.7160 during the European hours on Tuesday.

Iran’s Islamic Revolutionary Guard Corps (IRGC) reported during the European trading session on Tuesday that it identified hostile aircrafts entering its airspace and intercepted an MQ-9 drone.

Deutsche Bank strategists highlight that the S&P 500 has logged an eighth consecutive weekly gain, supported by falling Oil prices and easing stagflation fears. Futures are modestly higher after the long weekend, though slightly below pre-strike levels.

Pi Network (PI) is under intense selling pressure, crossing below $0.15000 at press time on Tuesday.

The NZD/USD pair comes under renewed selling pressure on Tuesday and slide back below mid-0.5800s during the first half of the European session.

The report notes that Eurozone yields are slightly firmer after hawkish comments from ECB member Schnabel, who highlights rising medium-term inflation expectations and signals a likely rate hike in June.

Iranian Supreme Leader Mojtaba Khamenei said during the European trading session on Tuesday that the United States (US) will no longer have safe haven for Middle East bases. Khamenei added that he invites all Islamic countries to cooperate.

TD Securities strategists argue that, despite stronger United States (US) data and renewed "US exceptionalism" narratives, they are not ready to abandon their bearish US Dollar (USD) thesis for 2026.

Danske Research Team notes that equities rose 1.1% in Europe in thin holiday trading, with cyclicals, small caps and growth outperforming. They attribute the risk-on tone partly to peace talks and Oil prices, but also to a reversal in long-end yields that began last week.

The US Dollar (USD) appreciates against the Japanese Yen (JPY) for the second consecutive day on Tuesday, hitting session highs above 159.00 at the time of writing, as fresh US attacks on Iran put the peace process into question.

Silver price (XAG/USD) trades 2% lower to near $76.50 during the European trading session on Tuesday. The white metal resumes its downside journey after rising in the last four trading days, as financial market participants turn cautious over peace in the Middle East.