Market Roundup
• Switzerland CPI (MoM) (Mar) 0.2%, 0.5% forecast, 0.6% previous
• Switzerland CPI (YoY) (Mar) 0.3%, 0.5% forecast,0.1% previous
•Italian Retail Sales (MoM) (Feb) 0.0%, 0.3% forecast, 0.6% previous
• Italian Retail Sales (YoY) (Feb) 1.6%,2.5% previous
Looking Ahead Economic (GMT)
•12:30 US Challenger Job Cuts (Mar) 48.307K previous
•12:30 US Challenger Job Cuts (YoY) -71.9% previous
•13:30 US Initial Jobless Claims: 212K forecast, 210K previous
•13:30 US Initial Jobless Claims: 212K, 210K previous
•13:30 Canada Trade Balance (Feb): -2.50B, -3.65B previous
•13:30 US Trade Balance (Feb): -60.50B, -54.50B previous
•13:30 US Continuing Jobless Claims: 1,840K, 1,819K previous
•13:30 US Exports (Feb): 302.10B previous
•13:30 US Imports (Feb): 356.60B previous
•13:30 US Goods Trade Balance (Feb): -80.80B previous
•13:30 Canada Exports (Feb): 62.48B previous
•13:30 Canada Imports (Feb): 66.13B previous
•13:30 US Jobless Claims 4-Week Avg.: 210.50K previous
•15:30 US Natural Gas Storage: 38B, -54B previous
Looking Ahead Events And Other Releases (GMT)
•16:00 US Fed Logan Speaks
Currency Forecast
EUR/USD : The euro dipped against dollar on Thursday after U.S. President Donald Trump's address on Iran shattered hopes for a swift end to the conflict, sending investors towards safe-haven dollar. In an eagerly anticipated address, Trump vowed more aggressive strikes on Iran in the next two to three weeks, offering no concrete timeline to open the Strait of Hormuz or end the war that has rattled investors and roiled markets.Investors were quick to sell risky assets such as stocks and buy the U.S. dollar, pushing the yen, euro, and sterling lower. The euro fell 0.51% to $1.1531 . Immediate resistance can be seen at 1.1560(38.2%fib), an upside break can trigger rise towards 1.1629 (April 1st high).On the downside, immediate support is seen at 1.1417(SMA 20), a break below could take the pair towards 1.1401(Lower BB).
GBP/USD:The British pound slipped lower on Thursday as investor caution resurfaced after President Donald Trump’s prime-time address provided no clear end in sight for the Middle East conflict.Trump affirmed that the US operation was nearly complete but vowed escalated actions, including possible strikes on electrical plants, over the next two to three weeks.The lack of new justifications for the war further weighed on market sentiment. Ongoing uncertainty and inflationary pressures have prompted a reassessment of Bank of England policy expectations. Investors now anticipate two interest rate hikes in 2026, reversing four days of reduced bets that had left expectations below two hikes by yesterday’s close. Immediate resistance can be seen at 1.3236(SMA 20), an upside break can trigger rise towards 1.3399(50%fib).On the downside, immediate support is seen at 1.3228(38.2%fib ), a break below could take the pair towards 1.3156(Lower BB).
AUD/USD: The Australian dollar edged lower on Thursday as mixed signals surrounding the Iran conflict kept traders cautious. Early optimism over potential de-escalation faded amid persistent geopolitical uncertainty, leaving market sentiment fragile.On the data front, Australia’s goods trade surplus widened sharply to AUD 5.69 billion in February 2026, up from a revised AUD 2.58 billion in January and above expectations of AUD 2.6 billion. Exports rose 4.9% month-on-month to a four-month high of AUD 45.65 billion, rebounding from a prior decline, while imports fell 3.2% to a seven-month low of AUD 39.96 billion.Despite the strong trade data, the AUD’s recent rally is losing momentum, with the pair likely to drift toward the 0.6900 level if risk sentiment remains cautious. Immediate resistance can be seen at 0.6921(50%fib), an upside break can trigger rise towards 0.6996(SMA 20).On the downside, immediate support is seen at 0.6871(Daily low), a break below could take the pair towards 0.6799(61.8%fib).
USD/JPY: The U.S. dollar firmed against yen on Thursday as dollar gained after U.S. President Donald Trump dashed hopes for clarity on when the Middle East conflict might end.Trump said in a prime-time address that the U.S. would hit Iran "extremely hard" within weeks, claiming military goals were nearly achieved and the conflict was close to ending.Trump said the United States does not need the key oil gateway and that it will open naturally once the conflict is over.Attention will now turn to Friday's U.S. non-farm payrolls report. The market is looking for a 60,000 rise in jobs for March, according to economists .The Japanese yen traded weaker at 159.69 , but it was still away from the psychologically important 160 level that is viewed as the line in the sand for intervention by Japanese authorities.. Immediate resistance can be seen at 159.79Daily high) an upside break can trigger rise towards 160.00(Psychological level) .On the downside, immediate support is seen at 158.99(SMA20) a break below could take the pair towards 158.08(38.2%fib).
Equities Recap
Europe's main stock index fell on Thursday, as hopes for peace in the Middle East conflict faded after U.S. President Donald Trump vowed more strikes on Iran and gave no clarity regarding when the hostilities would end
UK's benchmark FTSE 100 was last trading down at 0.18 percent, Germany's Dax was down by 1.94 percent, France’s CAC finished was down by 1.09 percent.
Commodities Recap
Gold prices fell sharply on Thursday from two-week highs as surging oil prices, driven by Trump’s renewed Iran attack stance, boosted inflation concerns and reduced expectations for U.S. rate cuts.
Spot gold was down 2.7% at $4,622.59 per ounce, as of 0926 GMT, while U.S. gold futures slid 3.4% to $4,649.
Oil prices jumped nearly 7% on Thursday after U.S. President Donald Trump said the U.S. would continue attacks on Iran, raising concerns over prolonged supply disruptions.
Brent crude futures were up $7.65, or 7.6%, to $108.81 per barrel at 0902 GMT. U.S. West Texas Intermediate crude futures were up $7.06, or 7.1%, at $107.18 per barrel.
