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Iron ore falls below $100/t – ING
Iron ore falls below $100/t – ING
Iron ore dipped below $100/t yesterday for the first time since mid-January, ING's commodity experts Ewa Manthey and Warren Patterson note.
Metals
Commodities
Banks
SEK: The preferred channel of better European sentiment – ING
SEK: The preferred channel of better European sentiment – ING
The Swedish krona continues to markedly outperform its G10 peers, as SEK appears the preferred way to play market optimism on a Ukraine-Russia peace deal and the boost in EU spending.
USDSEK
Sweden
EURSEK
Banks
AUD/USD: Expected to trade between 0.6190 and 0.6250 – UOB Group
AUD/USD: Expected to trade between 0.6190 and 0.6250 – UOB Group
Australian Dollar (AUD) is expected to trade between 0.6190 and 0.6250 vs US Dollar (USD). In the longer run, AUD must break and remain below 0.6190 before a move to 0.6155 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
AUDUSD
US Dollar Index breaks below 106.50 despite risk-off sentiment due to global tariff fears
US Dollar Index breaks below 106.50 despite risk-off sentiment due to global tariff fears
The US Dollar Index (DXY), which measures the US Dollar (USD) against six major currencies, extends its losses for the second successive session, trading around 106.30 during the European hours on Tuesday.
DollarIndex
Macroeconomics
TradeWar
Majors
DXY: Dragged lower by UST yields – OCBC
DXY: Dragged lower by UST yields – OCBC
USD continued to trade lower, owing to the precipitous fall in UST yields and continued moderation in US exceptionalism. DXY was last at 106.27 levels.
Technical Analysis
Banks
DollarIndex
JPY: One of the few beneficiaries – ING
JPY: One of the few beneficiaries – ING
The shift to defensive FX positioning is helping the Japanese yen, ING's FX analyst Chris Turner notes.
Technical Analysis
USDJPY
Banks
GBP/USD: Can test the major resistance at 1.2730 – UOB Group
GBP/USD: Can test the major resistance at 1.2730 – UOB Group
Pound Sterling (GBP) could test the major resistance at 1.2730 vs US Dollar (USD); a break of this level is not ruled out, but 1.2770 is unlikely to come into view.
Technical Analysis
Banks
GBPUSD
USD: Tariffs are dollar positive, an equity correction is not – ING
USD: Tariffs are dollar positive, an equity correction is not – ING
During President Trump's first term in office, we felt the sequencing of tax cuts (late 2017) and then tariffs (March 2018-August 2019) were key reasons for a strengthening dollar. In other words, the US economy had some fiscal support before tariff wars were waged.
Technical Analysis
Banks
DollarIndex
European gas prices strengthen – ING
European gas prices strengthen – ING
European natural gas prices strengthened yesterday, with TTF settling just over 2% higher on the day, ING's commodity experts Ewa Manthey and Warren Patterson note.
Energy
Gas
Banks
EUR/USD: There is scope for EUR to rally further – UOB Group
EUR/USD: There is scope for EUR to rally further – UOB Group
Strong momentum indicates there is scope for Euro (EUR) to rally further vs US Dollar (USD); the significant resistance at 1.0530 could be just out of reach.
Technical Analysis
EURUSD
Banks
NZD/USD Price Forecast: Remains subdued near 0.5600 support amid prevailing bearish bias
NZD/USD Price Forecast: Remains subdued near 0.5600 support amid prevailing bearish bias
The NZD/USD pair loses ground following the previous session’s gains, trading around 0.5610 during European trading hours on Tuesday.
NZDUSD
Technical Analysis
Majors
OPEC+ set to increase supply – ING
OPEC+ set to increase supply – ING
Oil prices are under pressure with ICE Brent settling more than 1.6% lower yesterday. This follows news that OPEC+ is sticking with plans to gradually increase supply from April by 138k b/d in the month, ING's commodity experts Ewa Manthey and Warren Patterson note.
Technical Analysis
Oil
OPEC
Energy
European equities sink at the open today as the risk mood stays heavy
European equities sink at the open today as the risk mood stays heavy
As Trump goes on his tariffs rampage, the EU is likely in the crosshairs next
Stocks
EUR/USD: 2-way trades likely unless 100-DMA breaks – OCBC
EUR/USD: 2-way trades likely unless 100-DMA breaks – OCBC
Euro (EUR) continued to drift higher vs US Dollar (USD) as European leaders were seen coming together to offer Ukraine support, fuelling expectations for a higher defence spending. Pair was last at 1.0495 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
EURUSD
Banks
EUR: European defence spending narrative looks overblown – ING
EUR: European defence spending narrative looks overblown – ING
EUR/USD had a decent rally yesterday as investors focused on the explosive rally in European defence stocks. That Europe needs to spend a lot more on defence now is not in doubt. The question is what does it mean for FX?
EURUSD
Technical Analysis
Banks
Crude oil price today: WTI price bearish at European opening
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session.
Oil
WTI
Commodities
EUR/USD surges as US Bessent favors lower interest rates
EUR/USD surges as US Bessent favors lower interest rates
EUR/USD refreshes a 12-week high slightly above 1.0550 in Tuesday’s North American session.
EURUSD
ECB
Fed
TradeWar
SEO
AUD/JPY trades near 93.00, downside risks appear amid tariff concerns
AUD/JPY trades near 93.00, downside risks appear amid tariff concerns
AUD/JPY continues its decline, hovering around 92.80 during early European trading on Tuesday.
AUDJPY
Crosses
Macroeconomics
Japan
Australia
Forex Today: Markets remain on edge as Trump tariffs take effect
Forex Today: Markets remain on edge as Trump tariffs take effect
Here is what you need to know on Tuesday, March 4: Following Monday's volatile action, investors cling to a cautious stance early Tuesday, while assessing the latest developments surrounding the US tariff policy and retaliatory measures against it.
Majors
Currencies
EconomicIndicator
Macroeconomics
Commodities
What are the main events for today?
What are the main events for today?
Eyes on tariffs headlines and Trump's Congressional speech
market overview
Eurostoxx futures -0.7% in early European trading
Eurostoxx futures -0.7% in early European trading
Giving back some of the gains from yesterday
Stocks
EUR/GBP holds positive ground above 0.8250 on Ukraine peace plan
EUR/GBP holds positive ground above 0.8250 on Ukraine peace plan
The EUR/GBP cross trades in positive territory for the second consecutive days around 0.8255 during the early European session on Tuesday.
EURGBP
Crosses
Macroeconomics
China announces extra tariffs of up to 15% on imports of major US farm exports
China announces extra tariffs of up to 15% on imports of major US farm exports
China’s Commerce Ministry announced on Tuesday that it will slap additional tariffs of upto 15% on imports of key farm products, including chicken, pork, soy and beef from the United States (US).
China
UnitedStates
TradeWar
AUDUSD
FX option expiries for Mar 4 NY cut
FX option expiries for Mar 4 NY cut
FX option expiries for Mar 4 NY cut at 10:00 Eastern Time via DTCC can be found below.
Options
Currencies
WTI attracts some sellers below $68.00 as OPEC+ plans to increase production
WTI attracts some sellers below $68.00 as OPEC+ plans to increase production
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $67.70 during the early European session on Tuesday.
WTI
Commodities
Oil
Macroeconomics
Markets take the tariffs implementation in stride so far
Markets take the tariffs implementation in stride so far
To be fair, the damage was already done yesterday
market overview
USD/CHF remains under pressure near 0.8950 as Swiss Franc strengthens on safe-haven demand
USD/CHF remains under pressure near 0.8950 as Swiss Franc strengthens on safe-haven demand
USD/CHF remains under pressure for the second consecutive day, hovering around 0.8960 during Tuesday’s Asian session.
USDCHF
Macroeconomics
Majors
TradeWar
USD/CAD Price Forecast: Seems poised to surpass 61.8% Fibo. hurdle near mid-1.4500s
USD/CAD Price Forecast: Seems poised to surpass 61.8% Fibo. hurdle near mid-1.4500s
The USD/CAD pair holds steady around the 1.4500 psychological mark during the Asian session on Tuesday and remains close to a one-month top touched the previous day.
USDCAD
Fed
TradeWar
Technical Analysis
Currencies
EUR/JPY tumbles below 156.50 amid safe-haven demand
EUR/JPY tumbles below 156.50 amid safe-haven demand
The EUR/JPY cross falls to near 156.25 during the Europeam session on Tuesday.
EURJPY
Crosses
Macroeconomics
China’s NPC: Willing to solve concerns with the US through consultation and dialogue
China’s NPC: Willing to solve concerns with the US through consultation and dialogue
A spokesperson of China’s National People's Congress (NPC) commented on the additional 10% tariffs imposed by the United States (US) on Chinese imports on Tuesday.
China
UnitedStates
TradeWar
AUDUSD
China says willing to resolve US concerns on tariffs through dialogue
China says willing to resolve US concerns on tariffs through dialogue
Remarks by the spokesperson of China's National People's Congress
Bitcoin falls back to test key level as the "strategic reserve" pump gets dumped
Bitcoin falls back to test key level as the "strategic reserve" pump gets dumped
It's open season for fraud
Crypto
Bitcoin Technical Analysis
BTC
Gold price rallies back closer to $2,920 area amid renewed USD selling
Gold price rallies back closer to $2,920 area amid renewed USD selling
Gold price (XAU/USD) struggles to capitalize on the previous day's positive move closer to the $2,900 mark and attracts some sellers during the Asian session on Tuesday, stalling its recovery from a three-week trough touched last Friday.
Gold
Commodities
Fed
TradeWar
SEO
India Gold price today: Gold steadies, according to FXStreet data
India Gold price today: Gold steadies, according to FXStreet data
Gold prices remained broadly unchanged in India on Tuesday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
GBP/USD Price Forecast: Hovers below 1.2700 barrier near three-month highs
GBP/USD Price Forecast: Hovers below 1.2700 barrier near three-month highs
The GBP/USD pair edges lower after registering gains in the previous session, hovering around 1.2680 during Tuesday’s Asian hours.
GBPUSD
Technical Analysis
Majors
China's "two sessions" meetings set to conclude on 11 March
China's "two sessions" meetings set to conclude on 11 March
As confirmed by a spokesperson for China's National People's Congress
ForexLive Asia-Pacific FX news wrap: USD/JPY dropped under 149.00
ForexLive Asia-Pacific FX news wrap: USD/JPY dropped under 149.00
Forex news for Asian trading on Tuesday, March 4, 2025
Session wrap
Wrap Asia