United States ADP Employment Change 4-week average up to 42.25K in April 25 from previous 33K

United States ADP Employment Change 4-week average climbed from previous 33K to 42.25K in April 25

Commerzbank’s Carsten Fritsch, citing Metals Focus, reports that the palladium market is set for a fifth consecutive annual supply deficit in 2026. Demand is forecast to edge lower overall, with automotive demand broadly stable and no sharp e‑mobility impact yet.

The Australian Dollar (AUD) resumes its downtrend against the US Dollar (USD) on Tuesday, and is trading a few pips above one-month lows in the 0.7100 area at the time of writing.

BNY’s Bob Savage notes the Reserve Bank of Australia (RBA) sees elevated risks that inflation expectations drift higher, potentially requiring a deeper slowdown. Oil-driven price pressures and three rate hikes to 4.35% frame the backdrop for AUD/USD.

Cryptocurrencies continue to navigate a period of heightened volatility, with major digital assets including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) holding firmly above key support areas at the time of writing on Tuesday.

Gold (XAU/USD) trades on the back foot on Tuesday as traders closely monitor developments surrounding the US-Iran negotiations and amid a broad macroeconomic background linked to the prolonged conflict that continues to weigh on the precious metal.

Brown Brothers Harriman’s (BBH) Elias Haddad notes GBP/USD has given back part of its gains as weaker United Kingdom (UK) labor market data dampens Bank of England (BoE) tightening prospects.

ING’s Francesco Pesole expects a sharp rise in Canada’s April Consumer Price Index (CPI), but sees limited pressure on the Bank of Canada (BoC) to hike.

Gold price (XAU/USD) trades 0.55% lower at around $4,540 during the European trading session on Tuesday. The yellow metal faces selling pressure as United States (US) Treasury Yields remain broadly firm due to expectations that the Federal Reserve (Fed) will not cut interest rates this year.

Rabobank’s Senior Macro Strategist Bas van Geffen notes that Oil remains directionless as the Gulf conflict oscillates between negotiation and potential escalation.

A spokesperson from Qatar’s Foreign Ministry said that communication between leaders in the region is ongoing and with conflict parties to prevent a return to escalation.

According to Iran’s Iranian Students' News Agency (ISNA), Iran’s army has warned it would “open new fronts” against the United States (US) if it resumes attacks on the country, The Guardian reported.

USD/CHF trades higher around 0.7870 on Tuesday at the time of writing, gaining 0.35% on the day as the US Dollar (USD) benefits from renewed support linked to expectations of a more hawkish monetary policy stance in the United States (US).

TD Securities expects Canada’s April CPI to firm to 3.1% year-on-year, driven by higher energy prices and base effects from the removal of carbon taxes.

DBS Group Research economist Ma Tieying highlights that expectations for a new Japanese supplementary budget are reviving so‑called Takaichi trades, with higher anticipated bond supply pushing Japanese Government Bond yields up and weighing on the Yen.

ING’s Warren Patterson and Ewa Manthey report that Copper on the LME is extending losses as inflation concerns linked to the Iran conflict, weaker Chinese data and a firmer US Dollar (USD) weigh on industrial demand expectations.

Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $75.95 per troy ounce, down 2.28% from the $77.73 it cost on Monday.

Societe Generale strategists note that USD/CAD has bounced after defending its January lows and is now gravitating toward the 200-day moving average, which they see as initial resistance.

OCBC’s FX Strategist Christopher Wong notes that the Dollar Index (DXY) has eased alongside lower US Treasury yields, with no tier-1 US data due today. Focus turns to upcoming FOMC minutes and US flash PMIs to gauge inflation persistence and activity momentum.

The GBP/JPY cross attracts fresh sellers in the vicinity of mid-213.00s on Tuesday and erodes a part of the previous day's strong recovery gains from a one-and-a-half-week low.

TD Securities’ Prashant Newnaha now expects the Reserve Bank of New Zealand (RBNZ) to start raising the Official Cash Rate (OCR) from the September 2026 meeting, having previously forecast the first move in February 2027.

West Texas Intermediate (WTI), futures on NYMEX, is up 0.7% higher to near $102.75 during the European trading session on Tuesday.

Eurozone Trade Balance s.a. dipped from previous €7B to €3.5B in March

EUR/CAD pares its recent gains from the previous day, trading around 1.6000 during the European hours on Tuesday. The currency cross depreciates as the commodity-linked Canadian Dollar (CAD) holds ground against the Euro (EUR) due to higher oil prices.

South Korean investors, well-known for leading the Asian market's demand for Bitcoin (BTC), are returning to their domestic equity markets as the Korea Composite Stock Price Index (KOSPI) hits record highs amid increasing AI chip demand.

Eurozone Trade Balance n.s.a. came in at €7.8B, above expectations (€5.4B) in March