Italy Industrial Sales n.s.a. (YoY) declined to -1% in January from previous 3.6%
Italy Industrial Sales n.s.a. (YoY) declined to -1% in January from previous 3.6%
India Trade Deficit – RBI dipped from previous -68.5B to -87.4B in 3Q
India Trade Deficit – RBI dipped from previous -68.5B to -87.4B in 3Q
Italy Industrial Sales s.a. (MoM) fell from previous 0.5% to -0.3% in January
Italy Industrial Sales s.a. (MoM) fell from previous 0.5% to -0.3% in January
Oil: War-driven volatility and structural risks – Rabobank
Rabobank’s Global Strategist Michael Every highlights that Brent has eased to around $111 and WTI to $102 despite a Kuwaiti tanker being hit, while European and African Oil markets are tightening as Asia fills supply gaps. He cites Bloomberg’s warning of $140 Oil if Red Sea shipping is hit again.
EUR/USD flatlines below 1.1500 as Eurozone HICP grows below forecasts
The EUR/USD’s tame recovery attempts seen earlier on Tuesday have been capped below 1.1490, before the release of softer-than-expected Eurozone Harmonised Index of Consumer Prices (HICP) figures.
NOK: Oil-driven gains seen reversing after war – Commerzbank
Michael Pfister at Commerzbank notes that Norwegian Krone (NOK) has outperformed Swedish Krona (SEK) thanks to Norway’s energy-exporter status during the war-related commodity shock, despite similar rate expectations.
Euro area: Rising energy risks support ECB hike case – Nordea
Nordea’s Chief Analyst Anders Svendsen and Chief Economist Tuuli Koivu note Euro area inflation rose to 2.5% year-on-year in March and is expected to approach 3% in coming months.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data. Silver trades at $73.14 per troy ounce, up 4.36% from the $70.09 it cost on Monday.
Australian Dollar rises as Trump’s peace call with Iran improves market mood
The Australian Dollar (AUD) trades higher against its major currency peers, with the AUD/USD pair rising 0.15% to near 0.6865, during the European trading session on Tuesday.
DXY: Softer tone as crude jumps and Fed stays steady – ING
ING’s Chris Turner argues the Dollar (USD) could ease as US light crude trades above $100 and markets look for signs of de-escalation in the Middle East. A relaxed Federal Reserve (Fed) tone has pushed money markets back toward pricing a rate cut by year-end.
BoJ: Data signal case for more tightening – Standard Chartered
Standard Chartered analysts Nicholas Chia and Chong Hoon Park highlight that new Bank of Japan (BoJ) indicators show underlying inflation near or above the 2% target and a positive output gap since Q1 2022, suggesting growth above potential.
USD/KRW climbs to 17-year high on Korean Won weakness as BoK monitors FX market
USD/KRW rallies on Tuesday, trading around 1,529.70 at the time of writing, up 0.93% on the day after hitting an intraday peak at 1,536.04, its highest level since March 2009.