Argentina Trade Balance (MoM) came in at $1892M, above forecasts ($1372M) in December

Argentina Trade Balance (MoM) below forecasts ($1372M) in December: Actual ($1M)

US equities sold off sharply on Tuesday as geopolitical risk surged after President Donald Trump escalated rhetoric around acquiring Greenland, including new tariff threats against close US allies.

West Texas Intermediate (WTI) Crude Oil extends its rebound on Tuesday, drawing modest support from renewed supply concerns after production outages disrupted flows from Kazakhstan’s Tengiz oil field. At the time of writing, WTI trades near $60.33, up about 1.6% on the day.

United States 52-Week Bill Auction climbed from previous 3.38% to 3.39%

USD/JPY trades around 157.90 on Tuesday at the time of writing, down 0.10% on the day, as the US Dollar (USD) comes under renewed pressure from political and trade-related headwinds. The pair retreats, weighed down by broad-based weakness in the Greenback against major currencies.

GBP/USD begins Tuesday’s session on a positive note as market participants continued to sell the Dollar and most US assets, following Trump’s trade-war escalation with Europe. This and a sell-off of Japanese bonds, keeps the CBOE Volatility Index (VIX) at yearly highs, a sign of risk aversion.

The Australian Dollar (AUD) edges higher against the US Dollar (USD) on Tuesday, as investors trim exposure to the Greenback amid rising tensions between the United States and the European Union. At the time of writing, AUD/USD trades around 0.6744, extending gains for a second straight day.

Ethereum (ETH) treasury firm Bitmine Immersion Technologies (BMNR) increased its stash to 4.2 million ETH after acquiring 35,628 ETH last week. The firm's holdings represent 3.48% of the total ETH circulation, just 1.52% shy of its goal to acquire 5% of the supply.

Fundamentals point to a well-supplied energy market in 2026, with growing non-OPEC production and new LNG capacity weighing on prices.

West Texas Intermediate (WTI) US Oil trades around $60.30 on Tuesday at the time of writing, up 1.60% on the day, extending the recovery seen since the start of the week.

The Japanese Yen (JPY) is up a modest 0.2% vs. the US Dollar (USD), tentatively attempting to extend its recent recovery against the USD while trading defensively against all of its G10 peers, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Canadian Dollar (CAD) extends its advance against the US Dollar (USD) on Tuesday, as escalating trade tensions between the United States and the European Union weigh heavily on the Greenback. At the time of writing, USD/CAD trades around 1.3830, near a two-week low.

The Pound Sterling (GBP) is up 0.3% vs. the US Dollar (USD) and relative underperformer among the G10 currencies, lagging all but the AUD and JPY, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Euro (EUR) is strong, up an impressive 0.7% vs. the US Dollar (USD) and extending its recovery with a swift retracement of the pullback from its December highs, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Canadian Dollar (CAD) has picked more ground this morning to reach the low 1.38s in a reflection of the broader weakness in the US Dollar (USD) rather than anything else, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Global stocks and bonds are under pressure, but the standout move is a sharp sell-off in US assets, with the dollar extending losses triggered by Trump’s renewed tariff and Greenland threats ahead of Davos.

New Zealand GDT Price Index down to 1.5% from previous 6.3%

Silver (XAG/USD) trades around $95.50 on Tuesday at the time of writing, up 1.20% on the day, after posting a fresh all-time high at $95.89 earlier in the day.

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices are extending their losses on Tuesday as risk-on sentiment fades amid rising geopolitical tensions over Greenland.

The Swiss Franc (CHF) attracts fresh buyers against the Euro (EUR) on Tuesday, as renewed US-EU trade war concerns weigh on risk appetite and lift demand for defensive currencies. At the time of writing, EUR/CHF trades around 0.9265, hovering near its lowest level since December 26.

United States ADP Employment Change 4-week average declined to 8K in December 27 from previous 11.75K

The New Zealand Dollar appreciates for the third consecutive day against a weaker US Dollar on Tuesday.

EUR/GBP trades around 0.8720 on Tuesday at the time of writing, up 0.60% on the day, with the Euro (EUR) outperforming the Pound Sterling (GBP) after a series of supportive macroeconomic releases from the Eurozone.

Gold (XAU/USD) hits yet another record high on Tuesday, climbing above the $4,700 psychological mark as rising geopolitical tensions drive strong safe-haven demand. At the time of writing, XAU/USD trades around $4,730, up nearly 1.25% for the day.

The US Dollar is trading lower for the second consecutive day against its Canadian counterpart on Tuesday. The pair has dropped about 0.6% over the last two days, extending its reversal from 1.3928 highs to session lows at 1.3820 so far.

Ripple (XRP) builds on the prevailing downtrend, recording 3% drop at press time on Tuesday. Growing pressure on medium-term XRP holders and a drop in XRP futures Open Interest strengthen the downside bias. Technically, XRP approaches a deeper support zone as selling pressure mounts.