Market Roundup
•Sweden GDP (MoM) (Jan) -0.5%, 0.5% previous
•Sweden Household Confidence (MoM) (Jan) -0.70%,-0.30% previous
•Sweden Household Confidence (YoY) (Jan) 0.10%,0.80% previous
•Sweden Industrial Production (YoY) (Jan) -2.1% ,10.1% previous
•Sweden Industrial Production (MoM) (Jan) -7.6%, 7.0% previous
•Sweden Industrial New Orders (YoY) (Jan) 16.7%,5.8% previous
•German Exports (MoM) (Jan) -2.5%,2.5% previous
•German Imports (MoM) (Jan) 1.2%,1.6% previous
•German Industrial Production (MoM) (Jan) 2.0%, 1.6%, -1.5% previous
•German Trade Balance (Jan) 16.0B,21.0B foreast,20.7B previous
•German Industrial Production (YoY) (Jan) -1.49%, -2.26% previous
•EU Sentix Investor Confidence (Mar) -2.9, -9.1 foreast, -12.7 previous
•Greek CPI (YoY) (Feb) 2.5%,2.7% previous
•Greek Greek HICP (YoY) (Feb) 3.0%,3.1% previous
Looking Ahead Economic Data(GMT)
•14:00 US CB Employment Trends Index (Feb) 108.35 previous
•14:00 French 12-Month BTF Auction 2.239% previous
•14:00 French 3-Month BTF Auction 2.396% previous
•14:00 French 6-Month BTF Auction 2.339% previous
•15:00 US Consumer Inflation Expectations 3.0% previous
•15:30 US 3-Month Bill Auction 4.210% previous
•15:30 US 6-Month Bill Auction 4.135% previous
Looking Ahead Events And Other Releases(GMT)
• No Events Ahead
Currency Summaries
EUR/USD: The euro remained steady near a four-month high on Monday as dollar dipped as investors remained concerned about an escalating global trade war and its potential impact on the U.S. economy. Data on Friday showed U.S. job growth picked up in February, but cracks are emerging in the once-resilient labour market amid a chaotic trade policy.Nonfarm payrolls increased by 151,000 jobs last month after rising by a downwardly revised 125,000 in January, the Labor Department's Bureau of Labor Statistics said . On the economic front, German industrial output rose in January but exports plunged, suggesting the outlook for the euro zone's largest economy remains anything but rosy.Investors looked ahead to Germany's inflation figures later this week, a key reading that comes on the heels of a trade war with the U.S. Immediate resistance can be seen at 1.0875 (Daily high), an upside break can trigger rise towards 1.0902(23.6%fib).On the downside, immediate support is seen at 1.0758(38.2%fib), a break below could take the pair towards 1.06449(50%fib).
GBP/USD: The British pound hovered near four month high as dollar weakened on worries about a U.S. economic slowdown and flip-flops in tariff policy. Investors remained wary of the escalating global trade war, fearing its economic fallout on the U.S., with growing speculation about a possible recession. A run of soft U.S. economic data continued on Friday after monthly figures showed the labour market created fewer jobs than expected in February, in the first payrolls report capturing Trump's policies. Looking ahead ,investors are turning their attention to this week's monthly GDP release, for insight into UK economy’s health. Immediate resistance can be seen at 1.2955(23.6%fib), an upside break can trigger rise towards 1.2949(Higher BB).On the downside, immediate support is seen at 1.2860(38.2%fib), a break below could take the pair towards 1.768(50%fib)
AUD/USD: The Australian dollar edged higher on Monday as U.S. dollar weakened amid growing concerns over a slowing U.S. economy and escalating global trade tensions. Investors remain wary of tariffs, fearing they could weaken economic growth and fuel inflationary pressures.U.S. consumer inflation data, set for release on Wednesday, will be closely watched as it could impact market expectations for potential Federal Reserve rate cuts.Looking ahead, Australia will publish the Westpac consumer sentiment survey and business survey from the National Australia Bank on Tuesday. At GMT 12:26, The Australian dollar was last trading up 0.37% to $0.6327. Immediate resistance can be seen at 0.6358(50%fib), an upside break can trigger rise towards 0.6418(61.8%fib).On the downside, immediate support is seen at 0.6290(38.2%fib), a break below could take the pair towards 0.6222(23.6%fib).
USD/JPY: The dollar weakened against the yen on Monday as traders flocked to safe-haven currencies due to lingering worries over tariffs and a U.S. economic slowdown, while the euro added to gains after a strong run last week. On the data front, Japan's real wages fell in January after two months of slight gains, data showed on Monday, days before the annual spring rounds of pay talks culminates at major firms.Markets remained focused on trade tensions as Trump imposed tariffs on key partners but later delayed some for a month amid U.S. slowdown fears.The Bank of Japan is widely expected to keep interest rates unchanged at its upcoming policy review on March 18-19, as policymakers assess economic conditions and the impact of global uncertainties.Immediate resistance can be seen at 148.31(38.2%fib) an upside break can trigger rise towards 149.47(38.2%fib). On the downside, immediate support is seen at 146.96(23.6%fib) a break below could take the pair towards 145.95(Lower BB).
Equities Recap
European shares dropped to a three-week low on Monday, extending declines amid heightened volatility and uncertainty over U.S. tariffs.
At GMT (13:19) UK's benchmark FTSE 100 was last trading down at 0.91 percent, Germany's Dax was down by 1.22 percent, France’s CAC finished was down by 0.40 percent.
Commodities Recap
Gold edged lower on Monday as a modest rebound in the U.S. dollar reduced safe-haven demand, while investors awaited inflation data for insights into the Federal Reserve’s next rate move.
Spot gold fell 0.2% to $2,905.05 an ounce at 1201 GMT, while U.S. gold futures were steady at $2,911.60.
Oil prices held steady on Monday as concern over the impact of U.S. tariff uncertainty and rising output from OPEC+ producers pressured prices while potential sanctions on Iranian oil exports provided some support.
Brent crude rose by 9 cents to $70.45 a barrel by 1310 GMT. U.S. West Texas Intermediate crude was at $67.19, up 15 cents.
