Silver (XAG/USD) builds on the previous day's bounce from the vicinity of mid-$72.00s and gains some follow-through positive traction during the Asian session on Tuesday.

Bitcoin (BTC) steadies above $74,000 at press time on Tuesday after a 5% jump the previous day as the US blockades the Strait of Hormuz amid ongoing peace negotiations. US Vice President JD Vance shares a potential grand deal in motion for Iran while demanding an end to its nuclear program. 

Gold (XAU/USD) builds on the previous day's goodish rebound from sub-$4,650 levels and gains some follow-through positive traction during the Asian session on Tuesday.

NZD/USD inches lower after registering 0.5% gains in the previous day, trading around 0.5860 during the Asian hours on Tuesday. The pair remains subdued following the release of China's Trade Balance data for March.

The US Dollar (USD) holds onto its Monday’s losses amid optimism that the United States (US) and Iran are still in favor of a permanent ceasefire despite the absence of a breakthrough in the first round of talks in Pakistan during the weekend.

Hyperliquid (HYPE) price extends its gains, trading above $44 as of Tuesday, after surging over 8% in the previous day. Strengthening on-chain data and improved derivatives metrics support a bullish outlook, while technical analysis points to further gains toward the $50 mark.

In a Semafor interview on Tuesday, US Treasury Secretary Scott Bessent said  that “the US should ‘wait and see’ before lowering interest rates.”

In US Dollar (USD) terms, China’s Trade Surplus shrank more than expected in March.

China Trade Balance CNY declined to 354.75B in March from previous 1500B

China Exports (YoY) CNY dipped from previous 19.2% to -0.7% in March

China Imports (YoY) registered at 27.8% above expectations (11.1%) in March

China Exports (YoY) below expectations (8.3%) in March: Actual (7.1%)

China Trade Balance USD came in at $51.13B below forecasts ($112B) in March

USD/CAD remains subdued for the second consecutive day, trading around 1.3790 during the Asian hours on Tuesday.

The USD/JPY pair is seen extending the previous day's modest pullback from the 159.85 region and drifting lower during the Asian session on Tuesday. Spot prices drop to the 159.00 mark in the last hour, though the downside potential seems limited amid mixed fundamental cues.

West Texas Intermediate (WTI) oil price remains subdued for the third successive day, trading around $91.50 during the Asian hours on Tuesday.

The EUR/USD pair is seen building on the previous day's strong intraday move up of over 100 pips and gaining some follow-through traction during the Asian session on Tuesday.

Australia National Australia Bank's Business Confidence: -29 (March) vs previous -1

Australia National Australia Bank's Business Conditions declined to 6 in March from previous 7

AUD/USD retreats after posting modest gains in the previous session, trading around 0.7090 during Asian hours on Tuesday.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.8593 compared to the previous day's fix of 6.8657 and 6.8173 Reuters estimate.

Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser, speaking in a fireside chat earlier this Tuesday, warned that Australia is facing a difficult macroeconomic backdrop.

US Vice President JD Vance, speaking in an interview on Fox News, struck a cautiously optimistic tone on negotiations with Iran and suggested that meaningful progress has been made even as talks have yet to deliver a breakthrough.

Australia Westpac Consumer Confidence down to -12.5% in April from previous 1.2%

Singapore Gross Domestic Product (QoQ) came in at -0.3%, above expectations (-0.5%) in 1Q

Singapore Gross Domestic Product (YoY) came in at 4.6% below forecasts (5.4%) in 1Q

GBP/USD opened the new week on the soft side, dipping to a session low near 1.3380, but staged a strong recovery through Monday's session to close around 1.3510, up 0.35% on the day.