FxAnalysis

The S&P 500 enters Tuesday’s session on shaky ground near 6,830, with traders watching for volatility amid geopolitical risks and nervous post-holiday sentiment.

The US Dollar (USD) is under strong selling pressure on Tuesday, driving EUR/USD to the 1.1730 price zone, its highest level in over two weeks. The Greenback fell on the back of escalating risk aversion, triggered by United States (US) President Donald Trump’s decisions.

The Nasdaq 100 enters Tuesday’s session near 25,529 with market sentiment cautious amid tariff threats, overbought tech concerns, and key economic events ahead.

Crude oil prices rose modestly in low-volume holiday trading, with traders closely eyeing the $60 level and key moving averages for the next breakout or range setup.

The US dollar pulled back against the Canadian dollar on Monday in quiet holiday trading, with consolidation suggesting a potential dip-buying setup near 1.3750.

The Euro rallied amid thin US holiday trading, but traders are watching for signs of exhaustion as the broader EUR/USD downtrend remains intact.