Trading news

HSBC analysts note recent Japanese Yen (JPY) weakness is consistent with higher energy prices and Japan’s net Oil and gas deficit, but warns this macro backdrop could shift.

Annual inflation in Germany, as measured by the change in the Consumer Price Index (CPI), climbed to 2.7% in March (preliminary estimate) from 1.9% in February, Germany's Destatis reported on Monday. On a monthly basis, the CPI rose by 1.1% following the 0.2% increase recorded in February.

Societe Generale analysts note the INR rallied over 1% after RBI intervention and new limits on banks’ net open FX positions, but the currency remains down 4% this month amid heavy FPI outflows.

Germany Consumer Price Index (YoY) increased to 2.7% in March from previous 1.9%

Germany Harmonized Index of Consumer Prices (MoM) in line with expectations (1.2%) in March

Germany Harmonized Index of Consumer Prices (YoY) in line with expectations (2.8%) in March

Germany Consumer Price Index (MoM) above expectations (0.9%) in March: Actual (1.1%)

ING’s Ewa Manthey and Warren Patterson note Aluminium has rallied after Iranian attacks damaged major producers EGA and Alba, compounding existing curtailments in Gulf capacity.

US President Donald Trump said on Monday that the United States (US) is engaged in “serious discussions” with what he described as a “new and more reasonable regime” in Iran, while warning that Washington could launch massive strikes on the country’s key energy infrastructure if a deal is not reache

BNY’s Head of Markets Macro Strategy Bob Savage points out that the Euro has been under pressure, with EUR/USD near 1.15 as EU and Euro area economic sentiment indices fall further below 100.

Danske Research Team highlights that escalating Middle East tensions and US policy signals are lifting Oil prices, with Brent Crude trading near 115 USD/bbl in early Asian dealings.

USD/CAD trades around 1.3910 on Monday at the time of writing, up 0.12% on the day and extending its winning streak to six consecutive days. The pair is supported by a stronger US Dollar (USD) amid rising geopolitical tensions in the Middle East.

MUFG’s Senior Currency Analyst Lee Hardman notes that the Japanese Yen has rebounded, pulling USD/JPY back below 160.00 after verbal warnings from Japan’s currency authorities.

Gold (XAU/USD) reversal from early March highs at $5,420 seems to have found support at $4,100 last week, and the pair has been showing a moderate positive tone over the last few days.

Iran’s Foreign Ministry spokesperson Esmail Baghaei delivered several statements on Monday reported by Reuters, warning against what he described as a “catastrophic miscalculation” in attempts to link the war in Ukraine to the conflict involving Iran, the United States and Israel.

India Cumulative Industrial Output climbed from previous 4% to 4.1% in February

India Industrial Output registered at 5.2% above expectations (4.7%) in February

India Manufacturing Output increased to 6% in February from previous 4.8%

The US Dollar (USD) has snapped a four-day rally against the Japanese Yen on Monday, and retreated from 20-month highs above 160.00 reached on Monday, a level considered a line in the sand for Japanese authorities.

TD Securities strategists Julie Ioffe and James Rossiter argue that the ECB faces a more benign backdrop in 2026 than in 2022.