United Kingdom S&P Global Services PMI below forecasts (51.2) in March: Actual (50.5)
United Kingdom S&P Global Services PMI below forecasts (51.2) in March: Actual (50.5)
Brent: Conflict scenarios keep prices elevated – Societe Generale
Societe Generale’s Commodity Compass Analytics (CCA) team, led by Michael Haigh, Ben Hoff and Jeremy Sellem, highlights that Dated Brent at $141/bbl reflects severe physical tightness as Strait of Hormuz flows remain impaired.
Dow Jones futures slip as traders adopt caution ahead of Trump’s Iran deadline
Dow Jones futures fall 0.2% to near 46,800 during European hours on Tuesday, ahead of the regular United States (US) open. Meanwhile, S&P 500 and Nasdaq 100 futures also decline 0.34% and 0.45% to near 6,620 and 24,250, respectively, at the time of writing.
ECB’s Wunsch: I’m going to the meeting in April being open
European Central Bank (ECB) policymaker and the head of Belgium's central bank, Pierre Wunsch, said in the Wall Street Journal’s (WSJ) What's News podcast conducted on Monday and released on Tuesday that the central bank could deliver an interest rate hike in the April meeting to limit the effect of
DXY: Bracing for deadline risk – ING
ING’s Chris Turner notes the Dollar (USD) remains supported as investors await a White House deadline linked to the US-Iran conflict and elevated energy prices. Strong US jobs data and resilient activity could see markets price Federal Reserve (Fed) hikes if Oil rises further.
China Foreign Exchange Reserves (MoM) came in at $3.342T below forecasts ($3.4T) in March
China Foreign Exchange Reserves (MoM) came in at $3.342T below forecasts ($3.4T) in March
Eurozone HCOB Composite PMI above expectations (50.5) in March: Actual (50.7)
Eurozone HCOB Composite PMI above expectations (50.5) in March: Actual (50.7)
Eurozone HCOB Services PMI above forecasts (50.1) in March: Actual (50.2)
Eurozone HCOB Services PMI above forecasts (50.1) in March: Actual (50.2)
Germany HCOB Services PMI came in at 50.9 below forecasts (51.2) in March
Germany HCOB Services PMI came in at 50.9 below forecasts (51.2) in March
Germany HCOB Composite PMI in line with expectations (51.9) in March
Germany HCOB Composite PMI in line with expectations (51.9) in March
GBP/USD: Consolidation after failed downside break – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report that GBP/USD briefly dipped to 1.3178 before rebounding to 1.3267 and closing at 1.3238, invalidating a prior downside-biased view.
USD/JPY Price Forecast: Ascending 20-day EMA supports more upside
The USD/JPY pair trades calmly around 160.00 during the European trading session on Tuesday. The pair trades broadly sideways amid uncertainty surrounding the ongoing war in the Middle East.