Trading news

Japan JP Foreign Reserves: $1B (February) vs previous $1394.8B

US Interior Secretary Doug Burgum said that the US President Donald Trump administration is weighing a range of options for addressing the spike in oil and gasoline prices amid the war in Iran, Bloomberg reported on Friday.

US President Donald Trump said that Iranian officials reached out him in an attempt to reach an agreement to end the war, but he insisted it was too late and that the US is pushing to completely destroy Iran.

Gold price (XAU/USD) tumbles to near $5,085 during the early Asian session on Friday. The precious metal loses ground amid a stronger US Dollar (USD). The US employment report for February will take center stage later on Friday. 

South Korea Current Account Balance: 13.26B (January) vs previous 18.7B

South Korea Consumer Price Index Growth (YoY) below forecasts (2.1%) in February: Actual (2%)

South Korea Consumer Price Index Growth (MoM) registered at 0.3%, below expectations (0.4%) in February

GBP/USD edged lower by 0.2% on Thursday, settling close to 1.3350 in a strained trading session that kept the pair pinned near three-month lows.

NZD/USD fell over 0.7% on Thursday, settling close to 0.5900 and touching its lowest level since late January. The pair has now given back the bulk of its February gains, with a series of lower highs since peaking near 0.6090 in early February pointing to fading bullish momentum.

AUD/USD fell about 1% on Thursday, wrapping the day up near the 0.7010 level after testing below the key 0.7000 handle intraday. The pair has now pulled back sharply from Tuesday's bounce, with two consecutive bearish sessions erasing most of the week's early gains.

The EUR/USD edged lower on Thursday, down some 0.21% as market sentiment remains risk averse due to the ongoing conflict in the Middle East. This and solid US economic data pushed the pair lower towards the 1.1600 figure ahead of Friday’s session

USD/JPY advanced on Thursday during the North American session, up by nearly 0.30% as the Greenback is boosted by risk appetite deterioration, solid US jobs data and hawkish comments by the Richmond Fed President Thomas Barkin.

The Mexican Peso depreciates sharply as hostilities intensify in the Middle East, triggering a flight to safety, which underpinned the US Dollar. Additionally, solid jobs data in the US decreased the chances that the Federal Reserve might cut rates twice this year.

The US Dollar (USD) is being supported by crude oil prices, which rose to its highest level since July 2024, amid headlines of potential interruptions to the Strait of Hormuz and attacks on vessels in the region.

WTI surged over 6% on Thursday, blowing through $80 per barrel for the first time since June 2024 and extending one of the sharpest rallies in recent years.

ING’s Chief Economist for Greater China, Lynn Song, notes that China has lowered its 2026 GDP growth target to 4.5–5.0% after three years of “around 5%”, signalling tolerance for slightly slower expansion while keeping long-term ambitions intact.

USD/CHF rose about 0.44% on Thursday, pushing back above 0.7830 in a session that extended the recovery from last week's lows near the 0.7700 area.

DBS Group Research economist Radhika Rao discusses Fitch Ratings’ decision to cut Indonesia’s sovereign rating outlook to negative while affirming the BBB rating, following a similar move by Moody’s.

The New Zealand Dollar plummets during the North American session as high US Treasury yields underpin the Greenback, which is registering a new two-day high as the Middle East conflict escalates.

Gold price erased the previous day's gains on Thursday, hitting a two-day low as precious metals are pressured by high US Treasury yields and a strong US Dollar, underpinned by solid US jobs data. At the time of writing, XAU/USD trades at $5,069, down more than 1.35%.