The United States (US) Bureau of Economic Analysis (BEA) will publish the first preliminary estimate of the third-quarter Gross Domestic Product (GDP) on Tuesday, at 13:30 GMT. Analysts expect the data to show annualized growth of 3.3%, following the 3.8% expansion in the previous quarter.

Gold (XAU/USD) continues to attract steady buying interest on Tuesday, pushing deeper into uncharted territory as escalating geopolitical tensions keep safe-haven demand firmly in play. At the time of writing, XAU/USD is trading around $4,485, up nearly 1.0% on the day.

EUR/JPY corrects and trades around 183.90 on Tuesday at the time of writing, down by 0.30% on the day, after posting a record high near 184.92 earlier in the week.

Mexico Trade Balance s/a, $ down to $-0.274B in November from previous $1.411B

Mexico Trade Balance, $ above expectations ($0.5B) in November: Actual ($0.663B)

Brazil Mid-month Inflation registered at 0.25%, below expectations (0.3%) in December

Mexico 1st half-month Inflation registered at 0.17%, below expectations (0.31%) in December

Mexico 1st half-month Core Inflation below expectations (0.39%) in December: Actual (0.31%)

The Pound Sterling (GBP) revisits the almost 12-week high to near 1.3500 against the US Dollar (USD) during European trading hours on Tuesday.

The USD/JPY pair trades 0.75% lower to near 155.80 during the European trading session on Tuesday.

USD/CHF extends its decline for a second consecutive session, down 0.60% on Tuesday at the time of writing, returning to an October 17 low near 0.7873.

Belgium Consumer Price Index (MoM): 0.07% (December) vs previous 0.56%

Belgium Consumer Price Index (YoY) down to 2.06% in December from previous 2.4%

The Indian Rupee (INR) continues to struggle to extend its last week’s reversal move against the US Dollar (USD) on Tuesday. The USD/INR pair regains ground after posting a fresh over three-week low near 89.25 as Indian importers catch the pullback to add US Dollars at attractive levels.

Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data. Silver trades at $69.48 per troy ounce, up 0.87% from the $68.88 it cost on Monday.

Silver (XAG/USD) prolongs its recent well-established upward trajectory and climbs to a fresh all-time peak, around the $70.00 psychological mark on Tuesday.

Italy Trade Balance non-EU rose from previous €5.321B to €6.918B in November

Switzerland ZEW Survey – Expectations: 6.2 (December) vs previous 12.2

AUD/JPY declines after four days of gains, trading around 104.30 during the European hours on Tuesday. The currency cross has pulled back from 104.62, the highest level since July 2024, which was recorded in the previous session.

The AUD/USD pair extends its Monday’s advance to near 0.6680 during the European trading session on Tuesday.

The NZD/USD pair attracts some follow-through buyers for the second consecutive day and climbs back closer to the monthly peak during the first half of the European session.

The Japanese Yen (JPY) eases from the daily peak during the early European session on Tuesday, allowing the USD/JPY pair to rebound around 20 pips from levels just below the 156.00 round figure.

Spain Gross Domestic Product (YoY) in line with expectations (2.8%) in 3Q

Spain Gross Domestic Product (QoQ) in line with forecasts (0.6%) in 3Q

Dow Jones futures inch lower 0.06% to trade near 48,650 during Tuesday’s European session, while S&P 500 and Nasdaq 100 futures also decline, edging lower 0.09% and 0.12% to roughly 6,920 and 25,650, respectively.

The USD/CAD pair extends the previous day's rejection slide from the 1.3800 mark and attracts some follow-through selling for the second consecutive day on Tuesday.

EUR/CAD extends its gains for the third successive session, trading around 1.6170 during the early European hours on Tuesday. The currency cross gains ground as the Euro (EUR) receives support from the cautious sentiment surrounding the European Central Bank’s (ECB) policy outlook.

The GBP/USD pair builds on the previous day's strong move higher and gains positive traction for the second consecutive day on Tuesday.

Sweden Producer Price Index (YoY) fell from previous 0.4% to -1.4% in November

Germany Import Price Index (YoY) dipped from previous -1.4% to -1.9% in November