Trading news

The Pound Sterling registers modest gains after Iran's IRGC threatened to attack US companies as of April 1, turning market mood sour, while the US Dollar trimmed some of its earlier losses. Nevertheless, the move was short-lived as the GBP/USD traded at 1.3190, up 0.04%.

NZD/USD trades around 0.5710 on Tuesday at the time of writing, down 0.15% on the day as the US Dollar (USD) stabilizes and market caution persists.

The USD/JPY fell to near the 159.00 level, extending its slide below the 160.00 barrier on Tuesday as the Japanese Yen (JPY) finds support from intervention threats and hawkish signals from policymakers, while the US Dollar (USD) eases slightly despite the ongoing war with Iran.

US consumer sentiment picked up marginal pace in March, as the Conference Board’s Consumer Confidence Index ticked a tad higher to 91.8 from February’s 91.0 (revised from 91.2).

USD/C.AD edges higher on Tuesday, with the Canadian Dollar (CAD) extending its decline against the US Dollar (USD) for a seventh consecutive day, even as the Greenback eases. At the time of writing, the pair is trading around 1.3960, hovering near its highest level since December 2025.

TD Securities analysts note that USD/CAD has been resilient despite stronger Canadian GDP data, as month-end and quarter-end Dollar demand offsets other forces. The pair has broken above its mid-January highs and they now highlights 1.40 as the next key level.

Iran's state media reported on Tuesday that Iran's Islamic Revolutionary Guard Corps (IRGC) announced that they will target United States (US) companies, including Google, Apple, Intel, Boeing, IBM and Tesla, in the region as of April 1 in retaliation for attacks on Iran.

Societe Generale’s Dev Ashish expects Brazil’s economy to expand below trend in 2026 as tighter policy and a weaker external backdrop weigh on activity. Inflation is seen pressured by higher Oil prices, though soft demand offers some cushion.

Silver (XAG/USD) surges on Tuesday and trades around $73.70 at the time of writing, up 5.14% on the day.

The consumer sentiment in the United States (US) improved slightly in March, with the Conference Board's Consumer Confidence Index edging higher to 91.8 from 91 in February (revised from 91.2).

Royal Bank of Canada (RBC) economists note Canada's GDP grew 0.1% in January, slower than December but above expectations, with goods-producing industries outperforming and services flat.

Commerzbank analysts Carsten Fritsch and Barbara Lambrecht highlight that the Iran war and Strait of Hormuz closure have sharply lifted Brent and refined product prices, especially diesel and jet fuel.

The number of job openings declined to 6.882 million in February from 7.24 million in January, the US Bureau of Labor Statistics (BLS) reported in its Job Openings and Labor Turnover (JOLTS) report on Tuesday. This reading came in below the market expectation of 6.92 million.

ING’s commodities team highlights that Aluminium prices rallied toward $3,500/t on the LME as Middle East supply risks escalated. Damage at Emirates Global Aluminium and potential disruption at Aluminium Bahrain threaten around 3.2Mt of annual capacity.

United States JOLTS Job Openings below forecasts (6.92M) in February: Actual (6.882M)

TD Securities analysts highlight growing official frustration with Japanese Yen weakness as USD/JPY breached the 160 level in the past week.

United States Chicago PMI registered at 52.8, below expectations (55) in March

Societe Generale’s Dev Ashish projects Mexico’s 2026 growth to remain below potential, constrained by weak manufacturing, investment and USMCA‑related uncertainty. Higher Oil prices are expected to pass through, lifting inflation risks and expectations.

EUR/GBP trades in a choppy range on Tuesday, as traders digest the latest economic data from both the United Kingdom and the Eurozone. At the time of writing, the cross is trading around 0.8691, rebounding after marking an intraday low of 0.8676.

Commerzbank analyst Carsten Fritsch notes Gold has dropped over 13% this month, its steepest fall since 2008, as surging Oil prices forced markets to price out Fed rate cuts. Recently, both Gold and Oil have risen together.