Brazil Industrial Output (YoY) registered at -0.7% above expectations (-1%) in February
Brazil Industrial Output (YoY) registered at -0.7% above expectations (-1%) in February
Brazil Industrial Output (MoM) came in at 0.9%, above forecasts (0.7%) in February
Brazil Industrial Output (MoM) came in at 0.9%, above forecasts (0.7%) in February
India: Growth trimmed as energy shock bites – Standard Chartered
Standard Chartered’s India economists Anubhuti Sahay and Saurav Anand cut India’s FY27 GDP growth forecast to 6.4% from 7.0% and FY26 to 7.3% from 7.6%, citing elevated energy prices and Middle East tensions.
Silver Price Forecasts: XAG/USD dips below $71.00 amid overall US Dollar strength
Silver (XAG/USD) has lost more than $10, hammered by a risk-averse reaction to US President Trump's televised message on Wednesday. The precious metal is testing levels below $71.00 at the time of writing, after peaking at $81.13 on Wednesday, as the Dollar prevails in risk-averse markets.
USD: Data resilience offsets geopolitical uncertainty – TD Securities
TD Securities analysts note that US yields flattened as geopolitical headlines from Iran and comments by Trump dominated sentiment. Strong ISM Manufacturing and Retail Sales data surprised to the upside, while they expect a below-consensus 30k payrolls print and unchanged unemployment.
OPEC+ to raise oil output quota in meeting on April 5 – Reuters
OPEC+ is likely to weigh a further oil output quota hike at the meeting on April 5, Sunday, to prepare for any easing of Strait of Hormuz export constraints, according to a report from Reuters.
United States Challenger Job Cuts rose from previous 48.307K to 60.62K in March
United States Challenger Job Cuts rose from previous 48.307K to 60.62K in March
MENA FX: Funding gaps and current account stress – BNY
BNY Mellon’s Geoff Yu highlights significant portfolio outflows from Middle East/North Africa (MENA) markets and warns that external funding gaps are likely to widen.
Iran targeted US-linked steel and aluminum industries in Gulf -Iranian state media
According to the Iranian state media, Iran’s Revolutionary Guards (IRG) have reported that they targeted United States (US)-linked steel and aluminum facilities in Gulf states.
Canadian Dollar outperforms as Trump’s address boils oil again
The Canadian Dollar (CAD) trades higher against its major currency peers, except the US Dollar (USD), during the European trading session on Thursday.
EUR/USD reversal approaches 1.1500 amid higher Oil prices, risk-off markets
The Euro (EUR) declines more than 0.5% against the safe-haven US Dollar (USD) on Thursday, extending its reversal from Wednesday’s highs near 1.1625 to session lows just below 1.1520 so far.
French’s Macron: Strait can only reopen in concertation with Iran
French President Emmanuel Macron said during the European trading session on Thursday that it is difficult to reopen the Strait of Hormuz without a military response.