Ireland Retail Sales (MoM) fell from previous 1.5% to -0.8% in February
Ireland Retail Sales (MoM) fell from previous 1.5% to -0.8% in February
Gold price (XAU/USD) trades over 1% higher at around $4,450 during the European trading session on Friday.
TD Securities analysts note United Kingdom (UK) Retail Sales for February beat expectations, showing only slight mean reversion after strong gains and maintaining a positive three‑month trend. Weather-related weakness was broad but not fundamentally alarming.
The Euro (EUR) is trading lower against the US Dollar (USD) for the fourth consecutive day on Friday, changing hands at 1.1520 at the time of writing, down from weekly highs of 1.1640 on Monday.
Italy 10-y Bond Auction increased to 4.09% from previous 3.31%
Italy 5-y Bond Auction: 3.48% vs 2.62%
Former Bank of Japan (BoJ) Governor Haruhiko Kuroda said in an interview with the Asahi newspaper that the central bank should continue pushing the monetary policy towards normalization.
Nordea’s Jan von Gerich notes that despite intense Middle East headlines and large market swings, Oil has not broken to new highs in recent weeks, while German yields have surged and equities weakened.
ING analysts highlight that Copper climbed on Friday and is on track for its first weekly gain of the month after President Trump extended the Iran deal deadline, improving risk sentiment.
Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $68.84 per troy ounce, up 1.08% from the $68.10 it cost on Thursday.
MUFG's Derek Halpenny highlights that higher energy-related inflation, fiscal slippage risks and potential sharp Japanese Yen (JPY) depreciation above 160.00 in USD/JPY are adding to JGB selling pressure.
The New Zealand Dollar (NZD) maintains its bearish trend against the US Dollar (USD) intact.