Trading news

Silver (XAG/USD) trades around $95.30 at the time of writing on Monday, rising 1.68% on the day.

The NZD/USD pair holds early losses driven by the ongoing war between the United States (US) and Israel, trades 0.75% lower to near 0.5950 during the European trading session on Monday.

Rabobank’s Jane Foley argues that despite questions over the Dollar’s safe haven role, liquidity and global usage should preserve its crisis function.

Austria Unemployment: 357.5K (February) vs previous 379.8K

United Kingdom Mortgage Approvals below expectations (62K) in January: Actual (59.999K)

United Kingdom M4 Money Supply (YoY) declined to 3% in January from previous 4.7%

United Kingdom Net Lending to Individuals (MoM) came in at £5.9B, below expectations (£6.2B) in January

EUR/USD declines nearly 1%, trading around 1.1740 during the European hours on Monday.

Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $95.59 per troy ounce, up 1.90% from the $93.81 it cost on Friday.

United Kingdom M4 Money Supply (MoM) down to -0.1% in January from previous 0.3%

United Kingdom Mortgage Approvals came in at 60K, below expectations (62K) in January

United Kingdom Consumer Credit climbed from previous £1.524B to £1.812B in January

United Kingdom S&P Global Manufacturing PMI below expectations (52) in February: Actual (51.7)

MUFG’s Lee Hardman highlights that Brent briefly spiked above USD 82 before slipping back under USD 80 as traders assess Middle East supply risks.

Nomura’s Senior European Economist Andrzej Szczepaniak assesses how recent moves in crude Oil, Natural Gas and EUR/USD following the US/Israel conflict with Iran could affect euro area HICP and ECB expectations.

Eurozone HCOB Manufacturing PMI meets expectations (50.8) in February

Greece S&P Global Manufacturing PMI up to 54.4 in February from previous 54.2

HSBC Asset Management notes a spike in the policy uncertainty index on recent US trade and Federal Reserve headlines, even as US stocks range-trade and volatility stays contained. The team sees US growth near trend, with sticky but gradually moderating inflation through 2026.

Germany HCOB Manufacturing PMI registered at 50.9 above expectations (50.7) in February

France HCOB Manufacturing PMI came in at 50.1, above expectations (49.9) in February