Spain Industrial Output Cal Adjusted (YoY) below forecasts (1.5%) in February: Actual (-1.1%)
Spain Industrial Output Cal Adjusted (YoY) below forecasts (1.5%) in February: Actual (-1.1%)
USD/CAD Price Forecast: Holds 20-day EMA in countdown to US-Iran talks
The USD/CAD pair trades marginally higher around 1.3850 during the European trading session on Thursday.
EUR/GBP posts modest gains above 0.8700 despite weak German Industrial Production data
The EUR/GBP cross posts modest gains near 0.8710 during the early European trading hours on Thursday. The Euro (EUR) remains firm despite the downbeat German Industrial Production report.
AUD/USD: Overdone rally shifts into range phase – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann report that AUD/USD’s sharp advance has stalled below 0.7100, with price action now seen as part of a consolidation band between 0.7000 and 0.7080.
USD: Focus on Inflation and Fed tensions risk – Commerzbank
Commerzbank’s Antje Praefcke argues that the Iran ceasefire is fragile and warns against expecting Oil prices to quickly return to pre-war levels. She notes that US inflation data, including CPI and the PCE index, are likely to reflect higher energy costs over time.
Equities: Relief rally faces ceasefire uncertainty – Danske Bank
Danske Research Team highlights a sharp global equities rally after the Iran ceasefire headlines, with benchmarks now just about 2% below record highs. Cyclicals and semiconductors led gains, while energy and minimum volatility lagged.
German Industrial Production declines 0.3% MoM in February vs. 0.9% expected
Germany’s industrial sector activity fell sharply in February, the latest data published by Destatis showed on Thursday.
South Africa Net $Gold & Forex Reserve fell from previous $75.835B to $73.187B in March
South Africa Net $Gold & Forex Reserve fell from previous $75.835B to $73.187B in March
Germany Industrial Production n.s.a. w.d.a. (YoY) up to 0% in February from previous -1.2%
Germany Industrial Production n.s.a. w.d.a. (YoY) up to 0% in February from previous -1.2%
South Africa Gross $Gold & Forex Reserve fell from previous $81.06B to $77.76B in March
South Africa Gross $Gold & Forex Reserve fell from previous $81.06B to $77.76B in March
Germany Trade Balance s.a. came in at €19.8B, above expectations (€18.5B) in February
Germany Trade Balance s.a. came in at €19.8B, above expectations (€18.5B) in February
Germany Imports (MoM) came in at 4.7%, above expectations (4%) in February
Germany Imports (MoM) came in at 4.7%, above expectations (4%) in February