Bitcoin (BTC) came under renewed pressure after geopolitical tensions resurfaced and the Federal Reserve (Fed) struck a more hawkish tone, according to a Wintermute report on Tuesday.

United States API Weekly Crude Oil Stock climbed from previous -8.33M to -0.765M in June 19

The Ethereum Foundation (EF) announced that it has completed a reorganization and restructuring process, which involves cutting roughly 20% of its workforce, comprising 54 individuals across different teams.

The US Dollar Index (DXY) surged to a one-year high near 101.40 on Tuesday as investors digested the latest S&P Global US Purchasing Managers Index (PMI), which showed business activity remained resilient. The Manufacturing PMI rose to 55.7 in June, its highest level since May 2022.

The Swiss Franc extends its losses for the fifth straight trading day against the Greenback, down 0.15%, as risk appetite sours amid the AI rout and expectations that the Federal Reserve could raise rates later this year. At the time of writing, the USD/CHF trades at 0.8100

Argentina Gross Domestic Product (YoY) came in at 2.3%, above expectations (1.7%) in 1Q

The US Dollar Index (DXY), which tracks the Greenback's value against a basket of six major currencies, extends its rally on Tuesday, climbing to its highest level since May 2025. At the time of writing, the index trades around 100.40, up 0.4% on the day.

Gold price (XAU/USD) erases Monday’s gains, diving over 1.30% on Tuesday, pressured by broad US Dollar strength, driven by a hawkish Federal Reserve, as well as a risk-off mood that is driving flows toward the Greenback's safe-haven appeal.

Commerzbank highlights strong South Korean export momentum, led by semiconductors and petroleum, but notes that South Korean Won (KRW) remains one of Asia’s weakest currencies versus the Dollar.

The AUD/USD fell sharply near the 0.6920 level on Tuesday, as investors await the upcoming Australian Consumer Price Index (CPI) release for fresh clues on the Reserve Bank of Australia’s (RBA) policy outlook.

The Dow Jones Industrial Average (DJIA) held in the green through Tuesday even as the rest of the equity board bled. On the surface that reads as strength; underneath, it is anything but. The index held up for the least flattering reason on offer, namely its composition.

DBS economist Radhika Rao reports that India and US are close to formalising an interim trade agreement under a new framework first agreed in February.

United States 2-Year Note Auction: 4.189% vs 4.071%

Scotiabank strategists Shaun Osborne and Eric Theoret report the Japanese Yen (JPY) is slightly firmer, outperforming G10 peers despite broad US Dollar (USD) strength, as stronger PMIs signal improving growth. They see signs of exhaustion in USD/JPY’s advance with yield spreads stabilizing.

West Texas Intermediate (WTI) US Oil declines by more than 1% on Tuesday and trades around $73.00 at the time of writing, pressured as traders continue to assess diplomatic developments between the United States (US) and Iran.

The cryptocurrency market trades amid increasing sell-side pressure on Tuesday, reflecting a broader deterioration in sentiment and appetite for risk assets.

EUR/GBP trades little changed on Tuesday after a sharp slide the previous day, triggered by UK Prime Minister Keir Starmer's resignation, which lifted the British Pound (GBP) across the board.

The USD/JPY pair is trading in a neutral zone on Tuesday as investors digest the latest United States (US) Purchasing Managers Index (PMI) figures and recent ADP employment data, awaiting a stronger catalyst from Federal Reserve (Fed) commentary.

The Pound Sterling dives over 0.40% on Tuesday as risk appetite shifts sour, as the recently sworn-in MP Andy Burnham prepares to succeed Keir Starmer, who lasted two years at the job. At the time of writing, the GBP/USD trades at 1.3195, after reaching a daily high of 1.3259.

TD Securities strategist Prashant Newnaha notes that softer S&P Australia Flash Composite PMI data, including weaker new orders and moderating price pressures, supports the Reserve Bank of Australia keeping its cash rate unchanged at 4.35% in August.

USD/CAD trades around 1.4190 on Tuesday at the time of writing, up 0.25% on the day and extending a four-day winning streak to its highest level since April 7.

The Euro (EUR) extends losses against the US Dollar (USD) on Tuesday, with EUR/USD slipping below the 1.1400 mark, a support level that had held since June 2025.

Rabobank’s energy strategists Joe DeLaura and Florence Schmit cut TTF Natural Gas forecasts on easing supply risks from the Strait of Hormuz reopening.

Nomura strategists note Euro area business activity stayed in contraction in June, with the composite PMI at 49.5 despite a small rise.

Scotiabank strategists Shaun Osborne and Eric Theoret note the British Pound (GBP) is softer versus the US Dollar (USD) after mildly disappointing Purchasing Managers' Index (PMI) and CBI data, with market reaction muted.

Commerzbank’s Carsten Fritsch notes that Brent has dropped back below USD 80, briefly touching USD 76.5, after the US allowed Iran to export oil and oil products until at least August 21.

TD Securities’ commodity team notes that Copper is seeing large CTA (Commodity Trading Advisors) selling as markets look past Strait of Hormuz supply risks and focus more on macro and demand-side weakness.