Trading news

GBP/USD rose about 0.3% on Monday, falling just short of reclaiming 1.3450 after rebounding from a dip to around 1.3280 in the early session.

Australia Westpac Consumer Confidence climbed from previous -2.6% to 1.2% in March

Japan Overall Household Spending (YoY) registered at -1%, below expectations (2.5%) in January

Gold price (XAU/USD) trades with mild gains near $5,140 during the early Asian session on Tuesday. Persistent geopolitical risks in the Middle East provide some support to the precious metal despite recent selling pressure. 

South Korea Gross Domestic Product Growth (QoQ) registered at -0.2% above expectations (-0.3%) in 4Q

South Korea Gross Domestic Product Growth (YoY) below forecasts (1.7%) in 4Q: Actual (1.6%)

Danske Research Team expects China to maintain its two-speed pattern, with weak domestic demand and strong exports and technology. They project Gross Domestic Product growth of 5% in 2025, easing to 4.8% in 2026 and 4.7% in 2027.

NZD/USD rose about 0.6% on Monday, closing near 0.5950 after knocking on 0.5850 in the early session.

AUD/USD jumped about 0.8% on Monday, closing just shy of 0.7100 in a session that erased a large portion of last week's pullback.

Commerzbank’s Volkmar Baur sees growing evidence that China is exiting deflation, with consumer prices up 1.3% year-on-year in February and producer prices turning higher month-on-month. Rising services and food prices underpin this shift.

Silver price climbs over 2% on Monday as the Greenback pares some of its previous gains, a tailwind for the precious metals segment. At the time of writing, XAG/USD trades at $86.35 after bouncing off daily lows of $79.66.

News that several countries have cut Oil output hit the financial markets on Monday as Oil producers claimed they are unable to export through the Strait of Hormuz amid threats from Iran.

The US Dollar Index (DXY) slipped about 0.2% on Monday after touching a 15-week high near 99.70 in the early session. The index gapped higher at the open before sellers stepped in, pushing price back toward the 99.00 area by the close and leaving a long upper wick on the daily candle.

USD/JPY advances for the third straight day, gains 0.07% on Monday as the Greenback remains underpinned due to the Greenback’s safe-haven appeal, and expectations for a less dovish Federal Reserve. The pair trades at 158.02 at the time of writing.

The Canadian Dollar (CAD) struggles to build on gains against the US Dollar (USD) on Monday as a sharp pullback in Oil prices weighs on the commodity-linked Loonie, even as the Greenback trades under pressure.

Gold (XAU/USD) trims some of its earlier losses on Monday, yet it remains below its opening price by over 1.50% as shipping disruptions in the Strait of Hormuz sent West Texas Intermediate (WTI) Oil prices up more than 30%, to near to $113 a barrel. At the time of writing, XAU/USD trades at $5,090.

United States (US) President Donald Trump told NBC News that he did not want to discuss whether he would like the US to seize iranian Oil, adding that he believes its too soon to talk about it on Monday.

MUFG’s Senior Currency Analyst Michael Wan assesses how higher Oil prices and a prolonged Strait of Hormuz closure could affect Bangko Sentral ng Pilipinas policy.

ING’s Frantisek Taborsky argues that Central and Eastern European markets remain highly exposed to the US–Iran conflict and rising Oil prices. While local data from Hungary, Turkey and Poland are due, he expects geopolitics to dominate.

USD/JPY trades around 158.10 on Monday at the time of writing, up 0.10% on the day, as markets react to heightened geopolitical tensions in the Middle East and sharp moves in the energy market.