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NZD/USD Price Forecast: Hold above 200-day SMA, Kiwi approaches 0.5900
The New Zealand Dollar erases some of its earlier losses, remains above the 200-day Simple Moving Average (SMA) of 0.5874, seems poised to finish Friday’s session virtually unchanged.
United States Baker Hughes US Oil Rig Count climbed from previous 407 to 411
United States Baker Hughes US Oil Rig Count climbed from previous 407 to 411
Fed’s Miran: Fed typically does not respond to oil prices
Stephen Miran, Federal Reserve (Fed) governor said that he is hesitant to read too much into one month’s job report and that policy, adding that if anything, it biases him towards an even more dovish policy in an interview with CNBC on Friday.
China: Inflation and trade data signal firmer cycle – ABN AMRO
ABN AMRO expects China’s CPI inflation to rebound to around 1% year-on-year in February, driven by Lunar New Year spending and base effects after a 0.2% reading in January.
USD/CAD dips as weak US NFP data and rising Oil prices strengthen Loonie
The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Friday as the Greenback loses momentum following softer-than-expected US Nonfarm Payrolls (NFP) data.
USD/JPY poised to test 158.00 despite weak US jobs data
USD/JPY rises and challenges the 158.00 figure on Friday, up over 0.20% after the latest US employment report signaled weakness in the labor market. Also, the Middle East conflict deteriorates market mood, maintaining the US Dollar (USD) bid during the week.
Pound Sterling Price News and Forecast: GBP/USD appears vulnerable amid widening Middle East crisis
The Pound Sterling (GBP) hit the lowest level in three months against the US Dollar (USD) near 1.3250 and staged a modest rebound, but ended the week deep in the red.
United States Business Inventories in line with expectations (0.1%) in December
United States Business Inventories in line with expectations (0.1%) in December
Canada Ivey Purchasing Managers Index s.a came in at 56.6, above expectations (51.1) in February
Canada Ivey Purchasing Managers Index s.a came in at 56.6, above expectations (51.1) in February
USD: Fed cuts repriced on higher inflation – ING
ING’s James Knightley notes that expectations for Federal Reserve easing in 2026 have been reduced as higher near-term US inflation and resilient growth make early rate cuts less likely.
GBP/USD trades flat despite soft US jobs data
The British Pound (GBP) struggles for direction against the US Dollar (USD) on Friday, with GBP/USD consolidating after a short-lived spike following weaker-than-expected US labor market data. At the time of writing, the pair is trading around 1.3362, on course for a third straight weekly decline.
Fed: Wait-and-see stance after weak jobs – Commerzbank
Commerzbank Senior Economist Dr. Christoph Balz notes that US employment fell by 92,000 in February, far below expectations, with revisions also lowering prior months. He highlights possible distortions from a strike and cold weather.
Turkey Treasury Cash Balance: -94.42B (February) vs -246B
Turkey Treasury Cash Balance: -94.42B (February) vs -246B
Aluminium: Conflict risk lifts prices above $4,000/t – ING
ING’s Commodities Strategist Ewa Manthey highlights that escalating conflict in the Middle East adds significant upside risk to Aluminium in an already tightening market.
Fed’s Daly: Both goals are risks now
Mary Daly, President of the Federal Reserve (Fed) Bank of San Francisco, said that a month of data isn’t decisive, adding that inflation is above target right now, balancing risks of calculation at an interview with CNBC on Friday.
EUR/USD retreats as safe-haven demand lifts US Dollar despite NFP shock
EUR/USD trades around 1.1560 on Friday at the time of writing, down 0.40% on the day after briefly rebounding toward 1.1590 following the release of the latest United States (US) labor market data.
US President Donald Trump: There will be no deal with Iran except unconditional surrender
United States (US) President Donald Trump said that Iran’s only option is unconditional surrender and that after that happens, he will help select its next leader in a Truth Social post on Friday.
Gold struggles despite weak US NFP and elevated Middle East tensions
Gold (XAU/USD) struggles to gain traction on Friday as weaker-than-expected US Nonfarm Payrolls (NFP) data did little to dent the strength of the US Dollar (USD), while rising US Treasury yields continue to weigh on the non-yielding metal.
US Retail Sales contracted by 0.2% MoM in January
Retail Sales in the United States eased to $733.5 billion, or 0.2%, in January, the US Census Bureau reported on Friday. This print followed the flat reading recorded in the previous month and came in above market expectations for a drop of 0.3%.
Breaking: Oil prices surge as Middle East chaos widens, WTI climbs above $85
Crude oil prices continue to surge on Friday as the crisis in the Middle East deepens.
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