United States ADP Employment Change 4-week average climbed from previous 10K to 26K in March 14
United States ADP Employment Change 4-week average climbed from previous 10K to 26K in March 14
ADP Employment Change 4-week average increases to 26K
Private-sector hiring in the US has added extra momentum in mid-March. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 26K jobs per week in the four weeks ending March 21.
US President Trump: A whole civilization will die tonight, never to be brought back again
"A whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will," United States (US) President Donald Trump posted on Truth Social on Tuesday.
USD: Dovish Fed risks and ceasefire repricing – Societe Generale
Societe Generale’s Kit Juckes discusses Robin Brooks’ view that the Dollar looks significantly overvalued versus G10 rate differentials and could fall sharply on a ceasefire, with Oil tumbling and safe-haven flows reversing.
AUD/NZD: Diverging flows and policy risks – BNY
BNY’s Head of Markets Macro Strategy Bob Savage highlights a growing divergence between the New Zealand Dollar (NZD) and Australian Dollar (AUD) as markets favor currencies backed by real assets.
Silver Price Forecasts: XAG/USD drifts below $72 with all eyes on Iran’s war
Silver (XAG/USD) is showing a mild bearish momentum on Tuesday’s European trading session, with the reversal from Thursday's high, at 81.13, extending to levels below $72.00, amid vanishing hopes of a peace deal in Iran.
Pound Sterling gives back gains against US Dollar as Iran denies ceasefire proposal
The Pound Sterling (GBP) surrenders its early gains against the US Dollar (USD) and flattens around 1.3240 during the European trading session on Tuesday.
US military strikes targets on Iran’s Kharg Island – Axios
Citing an unidentified senior US official, Axios reported on Tuesday that the US military conducted strikes on military targets located on Iran's Kharg Island.
Aluminium: Gulf outages tighten global balance – ING
ING analysts Ewa Manthey and Warren Patterson report that Aluminium supply risks have intensified after Iranian attacks on Emirates Global Aluminium’s Al Taweelah smelter and Aluminium Bahrain’s plant.
Oil: War risk and supply headlines support prices – Commerzbank
Commerzbank analysts highlight that Brent has climbed above $111 per barrel as the Iran conflict continues and Trump links any ceasefire deal to free Oil traffic through the Strait of Hormus.
AUD: Energy shock threatens fragile consumption – TD Securities
TD Securities analysts highlight a record monthly rise in the Melbourne Institute Inflation Gauge, pushing headline and trimmed mean inflation to their highest non-COVID levels since 2008. At the same time, Australian household spending growth is modest and momentum is slowing.
DXY: Energy shock keeps Dollar bid – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes that a prolonged energy shock from the Iran conflict heightens financial stability risks and supports the Dollar beyond what rate differentials imply.