Trading news

TD Securities reports that United States labor market data surprised slightly on the positive side, with initial jobless claims below expectations and continuing claims near consensus. This reinforces a picture of a still-resilient US economy.

The Australian Dollar (AUD) outperforms its major currency peers, trading 0.16% higher to near 0.7175 ahead of the opening of United States (US) markets during the European trading session on Friday.

Silver (XAG/USD) rebounds on Friday, trading around $79.40 at the time of writing and gaining 1.25% on the day. The Silver price remains close to the $79 mark as investors monitor geopolitical developments and monetary policy expectations in the United States (US).

Deutsche Bank analysts note Brent Oil nearly touched $100/bbl on Thursday before retreating on Friday, as traders reacted to shifting headlines around US–Iran negotiations and regional ceasefires.

Bank of England Deputy Governor Sarah Breeden said in a program in the United States (US) during the European trading session on Friday that the ongoing war in the Middle East has raised the odds of market stresses combining.

The US Dollar (USD) keeps heading south against the Canadian Dollar (CAD) on Friday, reaching three-week lows at 1.3670.

Brown Brothers Harriman’s (BBH) Elias Haddad highlights that UK gilts and the Pound are underperforming as political pressure on Prime Minister Keir Starmer intensifies. The bank expects Labour’s weak standing and fiscal credibility challenges to weigh on UK assets.

Commerzbank analysts note that recent dovish comments from key European Central Bank (ECB) officials have left forwards pricing only modest near-term moves but still more than two hikes for 2026.

EUR/GBP trades around 0.8715 on Friday at the time of writing, up 0.06% on the day, as the Euro (EUR) finds moderate support from stronger inflation data in the Eurozone while the Pound Sterling (GBP) remains constrained by cautious signals from the Bank of England (BoE).

Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $79.72 per troy ounce, up 1.74% from the $78.36 it cost on Thursday.

Nordea analysts Sara Midtgaard and Henrik Unell argue that the Dollar is likely to weaken over coming years as global capital is reallocated away from US assets and toward other regions.

The Pound Sterling (GBP) trades almost flat against the US Dollar (USD) at around 1.3530 during the European trading session on Friday.

Rabobank strategist Molly Schwartz highlights that the US Dollar (USD) was the third best-performing G10 currency, but the Canadian Dollar (CAD) outpaced it, pushing USD/CAD down to 1.37, reflecting relative CAD strength on the day.

Eurozone Trade Balance s.a.: €7B (February) vs previous €12.1B

Eurozone Trade Balance n.s.a. registered at €11.5B, below expectations (€11.7B) in February

BNY’s Head of Markets Macro Strategy Bob Savage notes that global equities have rebounded to near-record levels on strong Q1 earnings optimism and a ceasefire-driven improvement in risk sentiment.

Danske Research Team keeps its EUR/SEK outlook unchanged. The cross is currently trading comfortably around 10.80, with NOK/SEK back above 0.98.

Societe Generale analysts observe USD/JPY remains little changed for a second week, trading just below 160 where verbal intervention risk persists.

The Japanese Yen (JPY) trades lower against its major currency peers during the European trading session on Friday.

Italy Trade Balance EU increased to €-0.652B in February from previous €-1.138B