Daily market news

Gold price (XAU/USD) clings to gains near all-time highs (ATH) around $3,245 during North American trading hours on Tuesday.

The USD/CAD pair jumps to near 1.3900 during North American trading hours on Tuesday as Statistics Canada has reported that inflationary pressures cool down in March.

US Dollar (USD) is likely to trade in a 142.70/144.55 range vs Japanese Yen (JPY). In the longer run, USD could continue to decline, but given the deeply oversold conditions, it remains to be seen if 139.55 is within reach, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

EUR/USD demonstrates a sideways trend near 1.1350 during European trading hours on Tuesday after a sharp run-up in the last few trading days. The major currency pair consolidates as the US Dollar (USD) gains a temporary cushion after remaining under pressure for over a week.

Outlook for Pound Sterling (GBP) has shifted to positive vs US Dollar (USD); the technical level to watch is 1.3290, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

West Texas Intermediate (WTI) Oil price advances on Tuesday, early in the European session. WTI trades at $61.28  per barrel, up from Monday’s close at $61.13. Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $64.50 price posted on Monday, and trading at $64.75.

Silver price (XAG/USD) continues to show strength for the fifth consecutive session, trading around $32.30 per troy ounce during the Asian session on Tuesday.

EUR/USD continues to slide for the second consecutive session, trading near 1.1350 during Asian hours on Tuesday. The pair weakens as the US Dollar (USD) attempts to regain stability amid growing concerns over stagflation.

West Texas Intermediate (WTI) crude Oil price remains stable around $61.10 during Asian trading hours on Tuesday. A potential upside in crude prices is supported by recent comments from US President Donald Trump, who suggested the possibility of new tariff exemptions.

EUR/USD spun in a messy circle on Monday, touching the 1.1400 and 1.1300 levels before settling somewhere in the midrange.