Trading news

Germany’s industrial sector activity fell sharply in February, the latest data published by Destatis showed on Thursday.

Germany Industrial Production n.s.a. w.d.a. (YoY) up to 0% in February from previous -1.2%

South Africa Net $Gold & Forex Reserve fell from previous $75.835B to $73.187B in March

South Africa Gross $Gold & Forex Reserve fell from previous $81.06B to $77.76B in March

Germany Trade Balance s.a. came in at €19.8B, above expectations (€18.5B) in February

Germany Industrial Production s.a. (MoM) below expectations (0.9%) in February: Actual (-0.3%)

Germany Imports (MoM) came in at 4.7%, above expectations (4%) in February

Germany Exports (MoM) above forecasts (1%) in February: Actual (3.6%)

Iranian ambassador Reza Amiri Moghadam confirms, through a tweet on X during early European trading hours on Thursday, that a team is scheduled to visit Pakistan at night for the first round of talks on the 10-point proposal plan with the United States (US).

Silver price (XAG/USD) trades calmly near $74.00 during the late Asian trading session on Thursday. The white metal struggles for direction amid uncertainty surrounding the first round of talks on a permanent ceasefire between the United States (US) and Iran in Pakistan on Saturday.

West Texas Intermediate (WTI) oil price advances after two days of losses, trading around $91.90 per barrel during the Asian hours on Thursday.

Most Asian equities trade in negative territory on Thursday as traders remain cautious about whether a fragile two-week ceasefire between the United States and ‌Iran would hold.

The USD/JPY pair fails just ahead of the 159.00 mark during the Asian session on Thursday, stalling the previous day's modest recovery from sub-158.00 levels or a nearly three-week low.

The Indian Rupee (INR) trades lower against the US Dollar (USD) in the opening trade on Thursday. The USD/INR pair rebounds to near 92.65 from the three-week low of 92.20 posted on Wednesday, following the announcement of a ceasefire between the United States (US) and Iran.

Japan Consumer Confidence Index came in at 33.3 below forecasts (38) in March

Bank of Japan (BoJ) Governor Kazuo Ueda said that real interest rates are clearly negative and keeping the country's financial conditions accommodative, Reuters reported on Thursday.

Gold prices remained broadly unchanged in India on Thursday, according to data compiled by FXStreet.

The AUD/USD pair struggles to capitalize on its weekly gains registered over the past three days and oscillates in a range below mid-0.7000s during the Asian session on Thursday.

Netherlands, The Consumer Price Index n.s.a (YoY) meets forecasts (2.7%) in March

Netherlands, The Consumer Spending Volume declined to -0.5% in February from previous 0%