Turkey Treasury Cash Balance: -279.58B (March) vs previous -94.42B
Turkey Treasury Cash Balance: -279.58B (March) vs previous -94.42B
Brent: Futures curve signals temporary price spike – Deutsche Bank
Henry Allen at Deutsche Bank says Brent crude Oil above $100 has not triggered a 1970s‑style shock because markets still discount a short conflict and lower prices ahead.
EUR: War shock clouds ECB outlook – BNY
BNY’s Head of Markets Macro Strategy Bob Savage reports that Eurozone data and European Central Bank (ECB) commentary point to rising downside risks for the Euro as the Iran war and energy shock weigh on growth and sentiment.
United States RealClearMarkets/TIPP Economic Optimism (MoM) registered at 42.8, below expectations (48.1) in April
United States RealClearMarkets/TIPP Economic Optimism (MoM) registered at 42.8, below expectations (48.1) in April
Gold: Near-term downside before late-2026 recovery – TD Securities
TD Securities commodity strategists see Gold and Silver facing further correction as the Middle East war sustains inflation expectations and delays Fed easing. Elevated opportunity costs and reduced regional capital are near-term headwinds.
Euro area: Growth soft but still resilient – Societe Generale
Societe Generale economists report that February Euro area activity and labour market data were slightly disappointing but within normal ranges, with unemployment at 6.2%.
Canada Ivey Purchasing Managers Index s.a below forecasts (55.9) in March: Actual (49.7)
Canada Ivey Purchasing Managers Index s.a below forecasts (55.9) in March: Actual (49.7)
CAD: Pressured before potential late-2026 recovery – NBC
National Bank of Canada (NBC) economists Stéfane Marion and Kyle Dahms note the Canadian Dollar (CAD) initially outperformed after WTI hit $100, but has since weakened with USD/CAD now seen at 1.41 in Q2 2026.
GBP/JPY edges higher as rising Oil prices weigh on Japan’s economic outlook
The British Pound (GBP) trades with a mild upside bias against the Japanese Yen (JPY) on Tuesday, as elevated Oil prices stemming from the ongoing US-Iran war weigh heavily on Japan’s economic outlook, keeping the Yen on the defensive against most major peers.
ECB: Front-loaded hikes on the horizon – Nordea
Nordea analysts Jan von Gerich, Tuuli Koivu and Anders Svendsen now expect the European Central Bank (ECB) to prioritise inflation over growth as the Middle East conflict prolongs and broader price pressures build.
SEK: Softer inflation may delay Riksbank hikes – TD Securities
TD Securities analysts note Swedish CPIF and CPIF ex-Energy inflation for March surprised sharply to the downside, driven mainly by weaker Food and Recreation, Sport & Culture prices, partly offset by petrol.
United States Redbook Index (YoY) climbed from previous 6.9% to 7.6% in April 3
United States Redbook Index (YoY) climbed from previous 6.9% to 7.6% in April 3