Spain Gross Domestic Product (YoY) registered at 2.7% above expectations (2.6%) in 4Q
Spain Gross Domestic Product (YoY) registered at 2.7% above expectations (2.6%) in 4Q
Spain Gross Domestic Product (QoQ) meets expectations (0.8%) in 4Q
Spain Gross Domestic Product (QoQ) meets expectations (0.8%) in 4Q
Australian Dollar hangs near monthly low as geopolitical risks and Fed bets underpin USD
The AUD/USD pair struggles to gain any meaningful traction on Thursday and oscillates in a narrow range, just above the lowest level since early February, touched on Monday. Spot prices trade around mid-0.6900s during the early European session, nearly unchanged for the day.
Silver Price Forecast: XAG/USD drifts below $70.00 as hopes of ceasefire in Middle East wane
Silver (XAG/USD) is trading lower for the second consecutive day on Thursday, testing levels below the $70.00 psychological level at the time of writing.
France Consumer Confidence meets expectations (89) in March
France Consumer Confidence meets expectations (89) in March
France Business Climate in Manufacturing came in at 99 below forecasts (100) in March
France Business Climate in Manufacturing came in at 99 below forecasts (100) in March
EUR/JPY remains subdued near 184.00 due to rising BoJ rate hike bets
EUR/JPY halts its four-day winning streak, trading around 184.20 during the European hours on Thursday. The currency cross holds losses as the Japanese Yen (JPY) draws support from rising expectations of a near-term rate hike by the Bank of Japan (BoJ).
US: War shock keeps prices elevated – Rabobank
Rabobank’s Philip Marey and Kan Ji argue that higher global Oil prices from the Iran conflict will push US inflation higher and keep it more persistent.
Forex Today: Markets turn risk-averse as ceasefire optimism fades
Here is what you need to know on Thursday, March 26:
USD/JPY Price Forecast: Holds onto gains near 159.50 following US Dollar’s footprints
The USD/JPY pair trades sideways around 159.40 during the European trading session on Thursday. The pair seems to be following the footprints of the US Dollar (USD), which clings to the previous day’s high amid uncertainty surrounding the war in the Middle East.
NOK: Hawkish tone in focus – Commerzbank
Commerzbank analyst Michael Pfister notes that the central bank of Norway, Norges Bank is set to decide policy after previously signalling only gradual cuts, making a rate reduction unlikely, especially following the Iran war.
Equities: Cyclicals lead as geopolitical reversal trade extends – Danske Bank
Danske Research Team notes global equities extended gains, with Stoxx 600 up 1.4% and S&P 500 up 0.5% in a geopolitical reversal trade. Cyclicals outperformed defensives, though investors remain only cautiously optimistic.