Trading news

Better market sentiment is taking its toll on the Greenback as stabilizing Oil prices give riskier positions more appeal to investors.

West Texas Intermediate (WTI) remains volatile on Tuesday, with sharp two-way swings as traders continue to assess the evolving geopolitical situation in the Middle East and its impact on global energy markets.

Standard Chartered economists maintain their call for Bank Indonesia to cut its policy rate by 25 bps in Q2-2026, but note that higher Oil prices and inflation now tilt risks toward a prolonged hold.

The US Dollar Index (DXY) fell into 98.50 on Tuesday, pulling back from last week's highs as safe-haven demand eased following President Trump's comments suggesting the Iran war is nearing its end.

NZD/USD trades around 0.5955 at the time of writing on Tuesday, gaining 0.35% on the day as the US Dollar (USD) softens across the board.

The Dow Jones Industrial Average rose to retest chart territory north of 48,000 on Tuesday, building on Monday's dramatic reversal. The S&P 500 and the Nasdaq Composite both gained ground as well as equity markets execute a broad turnaround.

United States 3-Year Note Auction up to 3.579% from previous 3.518%

Nomura’s Global Markets Research Team highlights that Swedish inflation has undershot consensus for four months, but renewed energy price pressures from the Iran conflict could offset this.

Silver (XAG/USD) trades on a firm footing on Tuesday, hovering around $89.55 at the time of writing, up 2.90% on the day.

The Japanese Yen (JPY) trades flat against the US Dollar (USD) on Tuesday, with USD/JPY giving up earlier gains as the Greenback edges lower.

ING economists Peter Virovacz and Zoltán Homolya note that Hungarian inflation fell to 1.4% year-on-year in February 2026, below consensus and their own optimistic forecast. Core inflation dropped to 2.1%, but rising energy costs, fuel prices and a weaker Forint threaten this benign picture.

The Pound Sterling post modest gains during the North American session as the Greenback remains weaker even though tensions in the Middle East remains high, despite US President Trump comments that the end of the war is near. The GBP/USD trades at 1.3467 after hitting a daily high of 1.3483.

West Texas Intermediate (WTI) US Oil corrects lower on Tuesday, with the price trading around $82.30 at the time of writing, down 1.15% on the day as markets reassess supply risks following comments from international energy officials.

EUR/USD edges higher on Tuesday, supported by a softer US Dollar (USD), allowing the Euro (EUR) to extend gains for a second straight day. At the time of writing, the pair is trading around 1.1645 following a rebound from a near four-month low of 1.1507 touched on Monday.

Ryosei Akazawa, Minister of Economy, Trade and Industry, said that he discussed the energy situation and the possibility of releasing oil reserves with G7 energy ministers in a Reuters News on Tuesday.

Nordea’s Chief Analyst Torbjörn Isaksson highlights that Swedish GDP and production fell in January, driven by sharp declines in construction and manufacturing, while household consumption and services still grew.

Brown Brothers Harriman’s Elias Haddad highlights that the Norwegian Krone is underperforming as lower crude Oil prices weigh, even as Norway’s February inflation remains above Norges Bank projections.

AUD/USD trades around 0.7125 on Tuesday at the time of writing, up 0.70% on the day and extending its gains for a third straight day. The pair is benefiting from a softer US Dollar (USD) and underlying support from expectations surrounding monetary policy in Australia.

Nomura’s Global Markets Research Team expects the ECB to keep rates on hold through 2026, assuming Brent and Dutch TTF futures fall back towards pre-conflict levels.

Commerzbank’s Carsten Fritsch highlights how Brent and WTI have reversed an initial war-driven spike and stresses that the Iran conflict and Strait of Hormuz blockade remain central for Oil, while G7 reserve releases and large OECD stocks could only temporarily offset lost Gulf supply.