United States Import Price Index (MoM) above expectations (0.5%) in February: Actual (1.3%)

BNY市场宏观策略主管Bob Savage强调日本活动数据走强，经济趋势指数和机床订单显示增长触底迹象。

BNY’s Head of Markets Macro Strategy Bob Savage highlights stronger Japanese activity data, with the Economic Trend Index and machine tool orders pointing to a bottoming-out in growth.

道明证券策略师安德鲁·凯尔文指出，加拿大央行（BoC）强调经济增长的下行风险，并且似乎愿意忽视由能源驱动的通胀冲击。尽管市场普遍接受加息的叙事，但该行的评论和加拿大的产出缺口表明紧缩的门槛较高。道明证券认为，目前的定价与加拿大央行政策的平衡前景不符。

TD Securities strategist Andrew Kelvin notes that the Bank of Canada (BoC) is stressing downside risks to growth and appears willing to look through an energy-driven inflation shock.

荷兰国际集团（ING）策略师Ewa Manthey和Warren Patterson报告称，黄金在结束九连跌后反弹，涨至4600美元以上。他们将支撑归因于围绕伊朗和霍尔木兹海峡的外交信号、油价走软以及美元疲软，同时警告称美联储预期、地缘政治和潜在的央行黄金抛售将继续成为关键驱动因素。

ING strategists Ewa Manthey and Warren Patterson report Gold has extended gains above $4,600 as it rebounds from a nine‑day losing streak.

周三，欧元/英镑交投于0.8650附近，日内略有下跌，投资者在权衡欧元区通胀风险上升与英国和德国的宏观经济信号喜忧参半之间保持观望。

EUR/GBP trades around 0.8650 on Wednesday, slightly lower on the day, as investors weigh rising inflation risks in the Eurozone against mixed macroeconomic signals from the United Kingdom (UK) and Germany.