Trading news

Israeli Prime Minister Benjamin Netanyahu held its first press conference since the war with Iran started and said that they are aiming to stop Iran from moving nuclear and ballistic projects underground, and changing the Middle East.

The AUD/USD turned lower on Thursday, retreating from the multi-year peak of 0.7186 achieved on Wednesday. The Greenback hedged sharply higher as the Middle East war intensified, pushing Oil prices up and fuelling demand for the safe-haven US Dollar (USD).

Argentina Consumer Price Index (MoM) came in at 2.9%, above expectations (2.7%) in February

The Swiss Franc (CHF) is experiencing marked losses against both the Euro (EUR) and the US Dollar (USD) as the NA session draws to a close on Thursday.

The new Supreme Leader of Iran, Mojtaba Khamenei, said that attacks on neighboring country military bases will inevitably continue, also adding that “Iran will not refrain from avenging the blood of its martyrs”.

West Texas Intermediate (WTI) crude Oil continues to experience extreme volatility, with prices rising more than 7.5% on Thursday as traders grow increasingly concerned about prolonged supply disruptions through the Strait of Hormuz amid the ongoing US-Iran war.

The Greenback picks up further pace on Thursday, largely exceeding the 99.00 hurdle to hit fresh multi-month tops while nearing the psychological 100.00 hurdle when tracked by the US Dollar Index (DXY).

The US Dollar (USD) trades with a firmer tone across the FX board in the American session on Thursday, as persistent concerns about oil supply disruptions undermine the market’s mood. The EUR/USD pair trades in the 1.1520 price zone, not far above the 2026 low at 1.1507.

United States 30-Year Bond Auction rose from previous 4.75% to 4.871%

NZD/USD trades lower on Thursday, hovering around 0.5860 at the time of writing and down 0.90% on the day. The pair is posting a third consecutive daily decline, pressured by renewed strength in the US Dollar (USD) and rising geopolitical tensions.

The GBP/USD pair is trading near the 1.3350 level, losing ground for the third consecutive day amid intensifying tensions in the Middle East.

The Japanese Yen (JPY) trades under pressure against the US Dollar (USD) on Thursday, with USD/JPY returning to levels that previously triggered official “rate checks” by Japanese authorities on January 23, reviving concerns about potential currency intervention.

National Bank of Canada (NBC) analysts note that Canada’s merchandise trade deficit widened sharply in January, reaching its largest level in five months, mainly due to temporary disruptions in the automotive sector.

HSBC stresses stable income as crucial in the current environment and maintains bonds as a core portfolio component.

United States 4-Week Bill Auction remains unchanged at 3.64%

The Canadian Dollar (CAD) edges lower against the US Dollar (USD) on Thursday, pressured by sustained demand for the Greenback amid the ongoing US-Iran war. At the time of writing, USD/CAD is trading around 1.3621, extending its rebound after falling to one-month lows near 1.3525 earlier this week.

TD Securities strategist Pooja Kumra highlights that markets are focused on the Strait of Hormuz and Iran conflict scenarios, with prediction markets assigning only modest odds to a ceasefire by April 2026.

AUD/USD trades lower on Thursday at around 0.7095 at the time of writing, down 0.83% on the day, after reaching its highest level since June 2022 near 0.7185 on Wednesday. The pullback mainly reflects renewed demand for the US Dollar (USD) as investors turn more cautious.

BNY strategist Geoff Yu argues that Brazil and the Brazilian Real (BRL) currently underpin Latin American resilience to global shocks thanks to commodities and high real rates.

Deutsche Bank previews the upcoming ECB meeting, arguing that policy is very likely to remain unchanged on 19 March despite heightened uncertainty from the Middle East conflict and higher energy prices.