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Spain Industrial Output Cal Adjusted (YoY) below forecasts (1.5%) in February: Actual (-1.1%)
Spain Industrial Output Cal Adjusted (YoY) below forecasts (1.5%) in February: Actual (-1.1%)
USD/CAD Price Forecast: Holds 20-day EMA in countdown to US-Iran talks
The USD/CAD pair trades marginally higher around 1.3850 during the European trading session on Thursday.
EUR/GBP posts modest gains above 0.8700 despite weak German Industrial Production data
The EUR/GBP cross posts modest gains near 0.8710 during the early European trading hours on Thursday. The Euro (EUR) remains firm despite the downbeat German Industrial Production report.
Gold keeps the red above $4,700 amid ceasefire uncertainty, ahead of US PCE data
Gold (XAU/USD) remains on the back foot heading into the European session on Thursday, though it manages to hold above the $4,700 mark and, for now, seems to have stalled the previous day's slide from a three-week high.
AUD/USD: Overdone rally shifts into range phase – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann report that AUD/USD’s sharp advance has stalled below 0.7100, with price action now seen as part of a consolidation band between 0.7000 and 0.7080.
EUR/USD hesitates at 1.1660 with Iran’s ceasefire on tenterhooks
The (EUR) is trading practically flat, right above 1.1660 against the US Dollar at Thursday’s European session opening. The pair pùlled back from Wednesday’s highs, at 1.1721, as Tehran closed the Strait of Hormuz following massive Israeli attacks on Lebanon.
USD: Focus on Inflation and Fed tensions risk – Commerzbank
Commerzbank’s Antje Praefcke argues that the Iran ceasefire is fragile and warns against expecting Oil prices to quickly return to pre-war levels. She notes that US inflation data, including CPI and the PCE index, are likely to reflect higher energy costs over time.
Earnings estimates rising for Penguin Solutions, Inc. (PENG): Will it gain?
Penguin Solutions, Inc. (PENG - Free Report) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.
Equities: Relief rally faces ceasefire uncertainty – Danske Bank
Danske Research Team highlights a sharp global equities rally after the Iran ceasefire headlines, with benchmarks now just about 2% below record highs. Cyclicals and semiconductors led gains, while energy and minimum volatility lagged.
German Industrial Production declines 0.3% MoM in February vs. 0.9% expected
Germany’s industrial sector activity fell sharply in February, the latest data published by Destatis showed on Thursday.
Germany Industrial Production n.s.a. w.d.a. (YoY) up to 0% in February from previous -1.2%
Germany Industrial Production n.s.a. w.d.a. (YoY) up to 0% in February from previous -1.2%
South Africa Net $Gold & Forex Reserve fell from previous $75.835B to $73.187B in March
South Africa Net $Gold & Forex Reserve fell from previous $75.835B to $73.187B in March
South Africa Gross $Gold & Forex Reserve fell from previous $81.06B to $77.76B in March
South Africa Gross $Gold & Forex Reserve fell from previous $81.06B to $77.76B in March
Germany Trade Balance s.a. came in at €19.8B, above expectations (€18.5B) in February
Germany Trade Balance s.a. came in at €19.8B, above expectations (€18.5B) in February
Germany Imports (MoM) came in at 4.7%, above expectations (4%) in February
Germany Imports (MoM) came in at 4.7%, above expectations (4%) in February
Germany Industrial Production s.a. (MoM) below expectations (0.9%) in February: Actual (-0.3%)
Germany Industrial Production s.a. (MoM) below expectations (0.9%) in February: Actual (-0.3%)
NZD/USD Price Forecast: Rallies above 0.5800, eyes on 200-day SMA
The NZD/USD pair rallies sharply on Wednesday, boosted by a double whammy: The de-escalation of the Middle East conflict and hawkish remarks by the Reserve Bank of New Zealand (RBNZ) Governor, Anna Breman, following the bank’s monetary policy meeting.
Singapore: Energy buffers seen limiting near‑term risks – MUFG
MUFG’s Senior Currency Analyst Lloyd Chan argues Singapore’s energy system and fiscal strength materially limit near‑term tail risks from Middle East tensions.
Forex Today: FOMC Minutes reinforce 'higher-for-longer' as markets digest the ceasefire
The US Dollar Index (DXY) holds firm near 99.10, supported by safe-haven demand late in the American session with expectations that the Federal Reserve (Fed) will remain cautious on easing.
US: Demand still dominant but moderating – BNP Paribas
BNP Paribas analysts assess that in the United States (USD), demand remains the main driver of inflation, though its contribution has eased from post‑Covid peaks.
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