Trading news

Austria Producer Price Index (YoY): -1.4% (February)

Turkey Economic Confidence Index: 97.9 (February) vs previous 100.7

Austria Producer Price Index (MoM) remains at 0.1% in February

Spain Retail Sales (YoY) came in at 2.2%, below expectations (3.8%) in February

Societe Generale analysts Michael Haigh, Ben Hoff and Jeremy Sellem argue that Brent now faces a higher-for-longer regime as the US–Israel–Iran confrontation delays the reopening of the Strait of Hormuz into April.

Underlying inflation must be judged comprehensively by examining a wide range of information on economic activity and prices from multiple perspectives.

HSBC Asset Management notes that Gold has sold off sharply despite heightened geopolitical tensions and a stronger Dollar, behaving more like a risk asset in 2026.

MUFG’s Senior Currency Analyst Lloyd Chan notes that the US–Iran conflict and threats to Middle Eastern energy infrastructure are keeping energy risk premia elevated, supporting the Dollar.

The Euro (EUR) consolidates last week's losses near 1.1500 on Monday, with the US Dollar favoured by a dismal market sentiment. Investors are coming to terms with the Idea of a protracted war in the Middle East, with high Oil prices posing significant challenges for the crude oil-importing Eurozone

Commerzbank’s Thu Lan Nguyen notes that recent Euro strength against the Dollar reflects expectations that the ECB will react more quickly to the latest inflation shock than in 2022. Higher Oil and gas prices are seen feeding into Euro area inflation, with German data key.

Silver price (XAG/USD) trades almost 1% higher to near $70.50 during the early European trading session on Monday.

South Africa Private Sector Credit rose from previous 8.83% to 10.5% in February

The USD/CAD pair posts a fresh two-month high at 1.3900 in the Asian trading session on Monday. The Loonie pair extends its five-day-long advance as the US Dollar (USD) trades firmly amid strong demand for safe-haven assets.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, retreats slightly from the vicinity of the monthly top, around the 100.30 region, retested earlier this Monday.

The Indian Rupee (INR) bounces back against the US Dollar (USD) in the opening trade at the start of the week, following the Reserve Bank of India’s (RBI) introduction of new limits on banks’ foreign-exchange exposure, which pushes the USD/INR pair lower by over 1% to near 94.00.

AUD/JPY has pared its recent gains from the previous trading day, hovering around 109.70 during the Asian hours on Monday.

The USD/JPY pair retreats sharply from the vicinity of mid-160.00s, or a fresh high since July 2024, touched during the Asian session on Monday, and for now, seems to have snapped a four-day winning streak.

West Texas Intermediate (WTI) oil price edges lower after three days of gains, trading around $98.90 per barrel during the Asian hours on Monday. However, crude oil prices may recover on supply concerns as expectations for a quick resolution to the Iran conflict continue to fade.

Gold (XAU/USD) reverses a modest Asian session slide to the $4,420 area and looks to build on Friday's strong gains of over 2.50%.

GBP/USD inches higher after four days of losses, trading around 1.3270 during the Asian hours on Monday. The technical analysis of the daily chart indicates a persistent bearish bias, as the pair remains within the descending channel pattern.