Trading news

Societe Generale analysts highlight that AUD/USD has broken out of consolidation and is in a steady uptrend, supported by its 50‑DMA. The bank notes bullish momentum with a potential return towards 0.72 and upside targets at 0.7220/0.7250 and 0.7400.

ING’s Francesco Pesole highlights that hawkish comments from ECB officials, including President Lagarde and Peter Kazimir, have reinforced market pricing for a rate hike within six months, though ING still sees this as a lower-probability scenario.

Silver price (XAG/USD) remains flat after experiencing modest volatility, trading around $87.20 per troy ounce during the European hours on Wednesday. The safe-haven Silver may lose ground amid optimism that the Middle East conflict may have a smaller impact on inflation than initially feared.

UBS Chief Economist Paul Donovan notes that US February CPI data predates recent market volatility but remains important for Federal Reserve policy. He expects underlying inflation pressures to be benign and argues central banks should only react to broad price increases.

Deutsche Bank analysts describe a sharp reversal in Brent Oil as optimism over Iran-related supply risks grows. They highlight an -11% one-day drop in Brent, further weakness overnight, and swings driven by Saudi Aramco pipeline news, US political statements, and potential IEA reserve releases.

MUFG’s Head of Research Derek Halpenny notes that the proposed IEA-coordinated Oil reserve release could temporarily offset supply disruption in the Strait of Hormuz, but markets are shifting focus to US inflation.

USD/JPY gains ground for the second successive session, trading around 158.30 during the European hours on Wednesday. The pair appreciates as the Japanese Yen (JPY) struggles due to uncertainty surrounding the Bank of Japan (BoJ) policy outlook.

Antje Praefcke at Commerzbank notes that Norwegian inflation fell in February but remains too strong for an imminent policy shift.

ING’s Francesco Pesole points out the Canadian Dollar is the best-performing G10 currency since the conflict started, supported by resilient equities and Canada’s energy exporter status.

DBS Group Research strategist Philip Wee argues that the DXY Index’s failed breach of 99.7 signals a turning point for 2026 risk sentiment, as the fading "energy apocalypse" trade and G7/IEA actions reduce safe-haven demand for the Dollar.

Spain Retail Sales (YoY) climbed from previous 2.9% to 4% in January

Danske Research Team observes that EUR/USD is little changed below 1.1650, with 2‑year Bund and US Treasury yields slightly lower.

In a statement released on Wednesday, the G7 group of nations said that their energy ministers supported, in principle, the implementation of proactive measures to address the situation, including the use of strategic reserves, per Reuters.

Deutsche Bank analysts note that US equities remain relatively resilient despite sharp intraday swings. The S&P 500 slipped slightly and closed well off its highs, while futures recovered overnight.

European Central Bank (ECB) Governing Council member and Germany's Bundesbank chief Joachim Nagel told Reuters on Wednesday that the central bank will be ready to act if surging  energy costs due to the Iran war feed into durably higher Eurozone inflation.

Commerzbank’s Antje Praefcke argues that US inflation data are unlikely to move the Dollar near term, as markets focus on Oil and the Iran war.

Here is what you need to know on Wednesday, March 11:

European Central Bank (ECB) policymaker Peter Kazimir comments on the central bank’s path forward on interest rates in light of the conflict in the Middle East.

GBP/USD gains ground after registering little losses in the previous session, trading around 1.3450 during the Asian hours on Wednesday. The Pound Sterling (GBP) strengthens against its peers amid optimism that the Middle East conflict may have a smaller impact on inflation than initially feared.

The USD/CAD pair sticks to its modest intraday losses through the early European session on Wednesday and currently trades just above mid-1.3500s, down nearly 0.15% for the day. Spot prices, meanwhile, remain close to a nearly one-month low, touched on Monday, and seem vulnerable to slide further.