US forces destroy command facilities of Iran’s IRGC

US military officials said on Tuesday that they have destroyed command posts of Iran’s Revolutionary Guards as well as Iranian air defense and missile launch sites since the start of the joint Israeli-US offensive on Saturday.

ECB’s Lane: Prolonged conflict could lead to a substantial spike in inflation

European Central Bank (ECB) chief economist Philip Lane said on Tuesday that a prolonged conflict could lead to a substantial spike in inflation. At the same time, it could also cause a sharp drop in output in the euro area. 

USD/CHF holds gains above 0.7800 as US Dollar gains on risk aversion

USD/CHF gains ground for the second successive session, trading around 0.7810 during the Asian hours on Tuesday. The pair advances as the US Dollar (USD) strengthens on heightened safe-haven demand amid the Middle East war.

Gold sticks to gains above $5,350 amid sustained safe-haven demand; firmer USD caps gains

Gold (XAU/USD) sticks to its positive bias for the third straight day and trades above the $5,350 level heading into the European session on Tuesday.

EUR/GBP holds gains above 0.8700 ahead of Eurozone HICP inflation data

The EUR/GBP cross holds positive ground around 0.8725 during the early European session on Tuesday. The Pound Sterling (GBP) softens against the Euro (EUR) amid political uncertainty in the UK and growing expectations of the Bank of England (BoE) rate cut.