Gold: Recovery helped by softer Dollar – ING
ING strategists Ewa Manthey and Warren Patterson report Gold has extended gains above $4,600 as it rebounds from a nine‑day losing streak.
EUR/GBP dips slightly as inflation risks rise in Eurozone, UK data stays mixed
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.
ECB: Divergent energy shock response scenarios – Nomura
Nomura analysts note that markets currently price around three rate hikes for the European Central Bank (ECB) by December 2026, implying a similar response to the Iran war energy shock as the Bank of England (BoE).
Germany: Recovery prospects delayed – Deutsche Bank
Deutsche Bank economist Marc Schattenberg notes that the ifo Business Climate Index deteriorated in March as German businesses turned more pessimistic on expectations, while their assessment of current conditions was unchanged.
India M3 Money Supply dipped from previous 11.5% to 10.7% in March 2
India M3 Money Supply dipped from previous 11.5% to 10.7% in March 2
INR: Oil shock and outflows weigh on Rupee – Commerzbank
Commerzbank’s Dr. Henry Hao and Moses Lim note India's flash March PMIs point to growth moderation rather than a sharp slowdown, as manufacturing softens but external demand stays resilient.
USD: Range support holds as conflict persists – ING
ING’s Chris Turner argues it is premature to expect a sustained Dollar sell-off as Middle East tensions keep energy prices elevated and support safe-haven demand.
United States MBA Mortgage Applications climbed from previous -10.9% to -10.5% in March 20
United States MBA Mortgage Applications climbed from previous -10.9% to -10.5% in March 20
EUR/USD Price Forecast: Remains sideways near 200-day EMA, ECB warns of high inflation
The EUR/USD pair trades broadly sideways around 1.1600 during the European trading session on Wednesday. The major currency pair consolidates as investors await Iran’s response to United States (US) President Donald Trump’s proposals of a month-long ceasefire and 15-point settlement plan.
Pakistan delivered US proposal to Tehran – Reuters
Citing a source, who asked not to be named, Reuters reported on Wednesday that Pakistan has delivered the United States' proposal to Iran.
ECB’s Lane: Inflation readings could be higher in March and April
European Central Bank (ECB) Chief Economist Philip Lane warned of higher inflationary pressures in the Eurozone in the next two months during European trading hours at the ECB and its Watchers conference at Goethe University in Frankfurt on Wednesday.
USD/INR’s retraces as Middle East ceasefire hopes underpin risk-on mood
The Indian Rupee (INR) holds slight early gains against the US Dollar (USD) on Wednesday, with the USD/INR pair retracing to near 94.30 from the lifetime high of 94.75 posted the previous day.