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Brent: Disruption risks and tight prompt market – ING
ING’s Warren Patterson and Ewa Manthey note Brent rallied sharply after Middle East tensions, with the benchmark settling higher but off intraday peaks as traders reassessed disruption risks.
Brent
Fxstreet
Tue, Mar 3
Brazil Gross Domestic Product (QoQ) in line with expectations (0.1%) in 4Q
Brazil Gross Domestic Product (QoQ) in line with expectations (0.1%) in 4Q
Fxstreet
Tue, Mar 3
Brazil Gross Domestic Product (YoY) in line with expectations (1.8%) in 4Q
Brazil Gross Domestic Product (YoY) in line with expectations (1.8%) in 4Q
Fxstreet
Tue, Mar 3
BoE: March cut still likely as MPC eyes domestic data – TD Securities
TD Securities analysts note that markets have scaled back expectations for a March Bank of England cut, but argues the MPC’s domestic focus still supports easing.
Fxstreet
Tue, Mar 3
Euro area: Energy risks reshape ECB outlook – Nordea
Nordea analysts Tuuli Koivu and Anders Svendsen say Euro area headline and core inflation stayed close to the ECB target in February, leaving the broader outlook largely unchanged.
Fxstreet
Tue, Mar 3
Breaking: WTI jumps over 6% to top $75 amid US-Iran war risks
West Texas Intermediate (WTI) surges more than 6% on Tuesday, climbing above the $75 psychological mark as the ongoing US-Iran war raises fears of potential oil supply disruptions through the Strait of Hormuz.
Fxstreet
Tue, Mar 3
ECB’s Stournaras: The central bank should be flexible given Iran
European Central Bank (ECB) governing council member and Governor of the Bank of Greece, Yannis Stournaras said in an interview with Reuters during the day that the central bank needs to be flexible about its monetary policy amid the war between the United States (US), Israel, and Iran.
EUR/USD
Fxstreet
Tue, Mar 3
Greece Unemployment Rate (MoM) rose from previous 7.5% to 7.7% in January
Greece Unemployment Rate (MoM) rose from previous 7.5% to 7.7% in January
Fxstreet
Tue, Mar 3
Italy Consumer Price Index (MoM) above forecasts (0.2%) in February: Actual (0.8%)
Italy Consumer Price Index (MoM) above forecasts (0.2%) in February: Actual (0.8%)
Fxstreet
Tue, Mar 3
Italy Consumer Price Index (YoY) rose from previous 1% to 1.6% in February
Italy Consumer Price Index (YoY) rose from previous 1% to 1.6% in February
Fxstreet
Tue, Mar 3
Italy Consumer Price Index (EU Norm) (YoY) came in at 1.6%, above expectations (1.1%) in February
Italy Consumer Price Index (EU Norm) (YoY) came in at 1.6%, above expectations (1.1%) in February
Fxstreet
Tue, Mar 3
Italy Consumer Price Index (EU Norm) (MoM) came in at 0.6%, above forecasts (0.1%) in February
Italy Consumer Price Index (EU Norm) (MoM) came in at 0.6%, above forecasts (0.1%) in February
Fxstreet
Tue, Mar 3
Spain 6-Month Letras Auction climbed from previous 1.973% to 2.059%
Spain 6-Month Letras Auction climbed from previous 1.973% to 2.059%
Fxstreet
Tue, Mar 3
Spain 12-Month Letras Auction climbed from previous 2.028% to 2.121%
Spain 12-Month Letras Auction climbed from previous 2.028% to 2.121%
Fxstreet
Tue, Mar 3
EUR/CAD falls toward 1.5900 ahead of Eurozone HICP inflation data
EUR/CAD extends its losing streak for the fourth successive session, trading around 1.5910 during the European hours on Tuesday. Traders await the Eurozone preliminary Harmonized Index of Consumer Prices (HICP) data for February, which is scheduled to be published later in the day.
Fxstreet
Tue, Mar 3
USD/INR seems to extend gains on Wednesday amid US-Iran war
The USD/INR pair ended Monday’s session 0.7% higher to near 92.00. The pair is expected to open higher on Wednesday, with Indian markets remaining closed on Tuesday due to Holi celebrations, as the US Dollar (USD) extends its gains.
Brent
Fxstreet
Tue, Mar 3
DXY: Energy shock keeps greenback supported – ING
ING’s Chris Turner notes the Dollar has strengthened as the Middle East conflict drives higher energy prices, favouring energy exporters over importers in Europe and Asia.
US Dollar Index
Fxstreet
Tue, Mar 3
GBP: March BoE cut now finely balanced – Nomura
Nomura’s European rates team notes that higher Oil prices and stronger UK data have turned the Bank of England’s March decision into a close call.
GBP/USD
Fxstreet
Tue, Mar 3
India Gross Domestic Product Quarterly (YoY) came in at 7.8%, above forecasts (7.2%) in 4Q
India Gross Domestic Product Quarterly (YoY) came in at 7.8%, above forecasts (7.2%) in 4Q
Fxstreet
Fri, Feb 27
Greece Producer Price Index (YoY) dipped from previous -2.1% to -3.7% in January
Greece Producer Price Index (YoY) dipped from previous -2.1% to -3.7% in January
Fxstreet
Fri, Feb 27
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