Russia Industrial Output registered at -0.9%, below expectations (1.1%) in February
Russia Industrial Output registered at -0.9%, below expectations (1.1%) in February
Oil stabilizes after losses as US-Iran talks ease supply fears, inventories rise
West Texas Intermediate (WTI) trades around $88.20 on Wednesday at the time of writing, up 0.40% on the day, attempting to stabilize after a recent pullback.
Gold recovers as Oil prices cool and Iran resists US ceasefire plan
Gold (XAU/USD) extends its recovery on Wednesday after falling to four-month lows earlier this week, as early buyers step in following a sharp selloff.
Fed: Oil shock complicates rate path – TD Securities
TD Securities strategists Oscar Munoz and Eli Nir argue that the Federal Reserve (Fed) faces conflicting signals as the Iran conflict drives an Oil shock.
EUR/USD under pressure as Iran pushes back against US ceasefire proposal
The Euro (EUR) trades under pressure against the US Dollar (USD) on Wednesday, as the Greenback remains well supported amid conflicting headlines surrounding US-Iran ceasefire efforts.
USD: Upside risk persists in conflict-driven markets – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes that global risk sentiment has improved as markets position for a potential conflict resolution involving Iran, with DXY consolidating below 100.00.
USD/CAD: Overshoot risk near 1.38 zone – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is drifting lower as positive US Dollar momentum pulls USD/CAD away from their fair value estimate.
GBP: BoE hawkish shift supports Pound – UOB
UOB economist Lee Sue Ann highlights a hawkish pivot by the Bank of England (BoE), with the Bank Rate held at 3.75% and a unanimous 9–0 vote. The report removes prior expectations for three 2026 cuts, now forecasting the GBP Repo Rate steady at 3.75% through 4Q26 as inflation risks dominate.
ECB: Inflation risks point to further hikes – ABN AMRO
ABN AMRO economists Bill Diviney and Jan-Paul van de Kerke note that the ECB is likely to respond to the renewed energy shock with additional tightening focused on preventing second-round effects.
United States EIA Crude Oil Stocks Change registered at 6.926M above expectations (0.5M) in March 20
United States EIA Crude Oil Stocks Change registered at 6.926M above expectations (0.5M) in March 20
Oil: Supply shock deepens as Hormuz stays constrained – TD Securities
TD Securities’ Senior Commodity Strategist Ryan McKay warns that Oil markets face escalating tightness as flows through the Strait of Hormuz remain severely restricted and Gulf production cuts exceed 10m b/d.
Germany: Rebound risks grow on Ifo slump – ING
ING’s Carsten Brzeski warns that Germany’s long-awaited cyclical rebound has been dented after the Ifo index fell sharply in March, with expectations suffering their worst hit since the Russian invasion of Ukraine.