RETAIL SALES, INDUSTRIAL OUTPUT BEAT EXPECTATIONS Retail Sales +4.0% YoY, meeting expectations. Industrial Production +5.9% YoY, exceeding the 5.3% forecast. Data combines January and February to adjust for Lunar New Year volatility.
EUR/USD stays below 1.0900. A possible ceasefire talk between Trump and Putin may help the Euro. The US Dollar stays strong as traders wait for US Retail Sales data.
SINGAPORE NON-OIL EXPORTS MISS EXPECTATIONS FOR FEBRUARY 2025 Singapore's Non-Oil Exports (NODX) grew by 7.60% YoY in February 2025, missing the expected 8.70% growth. This marks a recovery from the prior -2.10% decline. Growth was seen in both electronics and non-electronics exports. Exports to the
PBOC SET TO SET USD/CNY REFERENCE RATE AT 7.2199. The People's Bank of China (PBOC) will set the USD/CNY reference rate around 0115 GMT. The PBOC manages the yuan's value within a 2% band around the daily midpoint. Reuters estimates the reference rate
METALLURGICAL COAL PRICES COULD RISE ABOVE USD 2K/TON IN H2 2025 Metallurgical coal prices are expected to exceed USD 2,000/ton in H2 2025. Australian exporters benefit from higher prices and volumes. China’s 15% tariff on US coal and rising steel demand in India.
The USD/JPY pair started the week weaker, staying below 149.00. The US Dollar is under pressure, which is pushing the pair down. Investors are watching the upcoming Bank of Japan (BoJ) and Federal Reserve (Fed) meetings. The two central banks have different policies, affecting the market. However, a
BTC AT RISK OF $75,000 REVERSAL AS TRADE WAR OVERSHADOWS INFLATION Bitcoin opened at $83,000, up 8% from the weekly low of $76,000. US-Canada trade war rhetoric has overshadowed easing inflation for crypto investors. Declining market volumes for the third week pose downside risks for BTC. Polymarket
Gold Price Strong: Gold is doing well but staying below $3,000. Weaker US Dollar: A softer US dollar helps gold hold its value. Global Uncertainty: Fears of a trade war make investors buy gold as a safe asset. Fed Policy: Expectations of lower interest rates support gold prices.
Analysis
NZD/USD TECHNICAL OUTLOOK: RANGE-BOUND WITH LIMITED UPSIDE Weak US consumer sentiment, expected decline in retail sales, and stagflation risks have led to USD weakness. However, NZD/USD shows limited movement. New Zealand Concerns: Policy uncertainty and migration losses weigh on the NZD, while the RBNZ governor's resignation
GOLD WEEKLY FORECAST: BULLS RIDE RISK-AVERSION, HIT NEW RECORD-HIGH Gold surged above $3,000 on safe-haven demand. Fed's policy and dot plot may influence Gold's value. Near-term outlook remains bullish for Gold (XAU). Gold reversed early-week losses and gained momentum. Focus shifts to the Fed'
CONSUMER SENTIMENT DROPS IN MARCH TO 57.9. Consumer sentiment fell to 57.9, down 10.5% from February and below the 63.2 estimate. 27.1% lower than a year ago, the lowest since November 2022. Current conditions index down 3.3%, future expectations dropped 15.3% month-over-month and
TREASURY YIELDS RISE AS INVESTORS AWAIT CONSUMER SENTIMENT DATA U.S. Treasury yields rise ahead of consumer sentiment data. Benchmark 10-year Treasury yield increases by over two basis points to 4.298%. 2-year Treasury yield up two basis points to 3.973%. Tame inflation data this week provides relief to