United States ADP Employment Change 4-week average dipped from previous 54.8K to 39.3K in April 4

Gold (XAU/USD) slips to a near one-month low, pressured by a firmer US Dollar (USD) and mounting Oil-driven inflation concerns, as investors await clearer signals on stalled diplomatic efforts between the United States (US) and Iran to end the war.

ING strategist Francesco Pesole notes that despite higher Oil prices and geopolitical uncertainty, the Dollar has only found limited support as resilient US equities and month‑end flows weigh on USD performance.

Brazil Mid-month Inflation rose from previous 0.44% to 0.89% in April

Cryptocurrency prices are broadly correcting on Tuesday, with Bitcoin (BTC) trading below $77,000, down from a weekly high of $79,486. Altcoins, including Ethereum (ETH) and Ripple (XRP), align with Bitcoin’s corrective structure.

Crude prices appreciated for the second consecutive day on Tuesday, with the US benchmark West Texas Intermediate (WTI) barrel changing hands at $98.00 at the time of writing, its highest price since April 13.

The USD/JPY pair is up 0.17% to near 159.70 during the European trading session on Tuesday. The pair trades higher as the US Dollar (USD) outperforms its peers ahead of the two-day Federal Reserve (Fed) policy meeting, which will start later in the day.

TD Securities analysts note that the Bank of Japan's (BoJ) decision to keep its policy rate unchanged at 0.75% and Governor Ueda’s lack of clear guidance for June have disappointed markets.

USD/CAD trades around 1.3665 on Tuesday, up 0.27% on the day, rebounding after briefly dipping below the 1.3600 mark on Monday. The upside move remains limited in a context shaped by diverging fundamental forces.

Deutsche Bank strategists note that Brent Oil has climbed to its highest level in three weeks as the Strait of Hormuz remains effectively closed and peace talks between the United States (US) and Iran stall.

Silver price (XAG/USD) is down almost 3% below $73.00 during the European trading session on Tuesday. The white metal faces intense selling pressure as investors turn cautious ahead of the Federal Reserve’s (Fed) monetary policy announcement on Wednesday.

Societe Generale analysts expect no change by the MNB today at 6.25% and describe EUR/HUF extending its decline after failing above the 200‑day moving average in March, with an interim low near 360.

Standard Chartered strategists Christopher Graham and John Davies expect the Bank of England (BoE) to keep the base rate at 3.75% at the 30 April meeting, with a prolonged pause through this year.

United States (US) State Secretary of Energy Chris Wright said during the European trading session on Tuesday that President Donald Trump is focused on getting the right deal with Iran.

Bitcoin (BTC) extends its losses, trading below $77,000 on Tuesday after a mild correction the previous day. Institutional demand supports this modest pullback as spot BTC Exchange Traded Funds (ETFs) recorded an outflow of over $263 million on Monday.

India Industrial Output below expectations (4.2%) in March: Actual (4.1%)

India Manufacturing Output fell from previous 6% to 4.3% in March

India Cumulative Industrial Output remains unchanged at 4.1% in March

The AUD/USD pair trades 0.16% lower at around 0.7175 during the European trading session on Tuesday.

Pi Network (PI) extends recovery for the fifth consecutive day, trading above the 100-day Exponential Moving Average (EMA) and a key trendline near $0.1853.

Commerzbank’s Michael Pfister expects an uneventful Hungarian National Bank (MNB) meeting, with all surveyed economists and market pricing pointing to unchanged rates over the next six months.

Societe Generale analysts note USD/JPY failed to sustain a breakout above its multi‑year range and is consolidating above the 50‑day moving average. They highlight a crucial support zone around 158.30/157.50 and resistance near 160.50.

Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $73.42 per troy ounce, down 2.78% from the $75.52 it cost on Monday.

ING’s Warren Patterson raises ICE Brent forecasts as prolonged disruption through the Strait of Hormuz persists and peace talks between the US and Iran stall.

NZD/USD depreciates after two days of gains, trading around 0.5890 during the European hours on Tuesday. The pair loses ground as the US Dollar (USD) advances due to increased safe-haven demand amid stalled United States (US)-Iran peace talks.

Italy Producer Price Index (MoM): 4.4% (March) vs -0.4%

Italy Producer Price Index (YoY) climbed from previous -2.7% to 4.2% in March