Commerzbank’s Michael Pfister and Norman Liebke argue that, after strong gains versus the Dollar, the Brazilian Real faces more downside risks than the Mexican Peso.
United States API Weekly Crude Oil Stock registered at 6.6M above expectations (-0.6M) in March 13
New Zealand GDT Price Index declined to 0.1% from previous 5.7%
TD Securities’ Senior Commodity Strategist Daniel Ghali warns Gold is increasingly exposed as US 2-year yields break their downtrend and the macro backdrop shifts.
United States Pending Home Sales (YoY) fell from previous -0.4% to -0.8% in February
United States Pending Home Sales (MoM) above expectations (-0.5%) in February: Actual (1.8%)
Deutsche Bank’s Global Head of FX Research George Saravelos notes that the Iran war has made markets highly correlated to energy, with higher Oil prices and weaker global growth now supporting the Dollar. Asia FX is seen as central to broad Dollar direction and is being hit hardest.
Societe Generale economists assess how the reformed German debt brake and approved 2025–2026 budgets will lift German fiscal spending and affect the Euro area.
Gold (XAU/USD) trades in a tight range on Tuesday as traders remain cautious and avoid large directional bets ahead of a heavy week of monetary policy announcements from major central banks.
Rabobank’s Senior FX Strategist Jane Foley discusses Japanese Yen (JPY) dynamics around upcoming G10 central bank meetings and potential Bank of Japan policy shifts. Foley notes Governor Ueda’s hawkish tone, ongoing BoJ tightening expectations despite higher energy costs.
