March 12, 2026 1:50 pm
Key Moments USD/JPY trades around 158.90, hovering near its highest levels of the year with limited intraday movement. Middle East tensions and efforts to disrupt traffic through the Strait of Hormuz are keeping safe-haven demand for JPY in focus. Markets expect the Fed to keep rates unchanged on March 18, while the BoJ is seen […]
Read moreMarch 12, 2026 10:53 am
Key Moments ING analysts judge current market expectations for Bank of England policy as overly hawkish, with easing fully priced out after the Iran conflict. They highlight EUR/GBP’s ongoing negative relationship with oil prices, linked to the UK’s greater inflation challenges and energy sensitivity. ING’s valuation work indicates that EUR/GBP levels below 0.860 would appear […]
Read moreMarch 12, 2026 10:42 am
Key Moments Commerzbank’s Tatha Ghose expects the Central Bank of Turkey to leave its policy rate unchanged at today’s meeting, describing the move as a tactical pause. The bank continues to view recent rate cuts as “unjustified and dangerous for asset prices” amid entrenched inflation and a deteriorating current account. A continued, controlled depreciation path […]
Read moreMarch 12, 2026 10:04 am
Key Moments AUD has outperformed across G10 currencies despite volatility linked to the Iran conflict. Markets have repriced for a 66% chance of a back-to-back 25 bps RBA rate hike to 4.10% on March 17. AUD/USD climbed back above its pre-Operation Epic Fury level of 0.7118, reaching a Wednesday high of 0.7187. RBA Policy Divergence […]
Read moreMarch 12, 2026 9:32 am
Key Moments Bitcoin traded 0.7% lower at $69,454 by 02:14 ET (06:14 GMT), dipping below the $70,000 level but remaining broadly supported. Brent crude climbed back above $100 per barrel after earlier touching near $120, reviving worries about renewed inflation pressures. Altcoins were mostly subdued, with Ethereum marginally higher and XRP, Solana, and Dogecoin edging […]
Read moreMarch 12, 2026 9:04 am
Key Moments MUFG’s base case projects USD/INR at 92.00 by March 2026 and 93.50 by December 2026, assuming de-escalation in the Iran-Middle East conflict. A sustained Brent oil price of US$100/bbl is seen potentially pushing USD/INR to 95.50, with the Rupee under pressure from a wider current account deficit. In a left-tail scenario with oil […]
Read moreMarch 12, 2026 8:16 am
Key Moments GBP/USD has traded around 1.3380 during early European hours on Thursday, marking a third consecutive session of losses. The pair faces initial resistance at the nine-day EMA near 1.3414 while primary support is seen at the three-month low of 1.3253. The 14-day RSI remains just below 40, reinforcing a bearish bias without signaling […]
Read moreMarch 12, 2026 8:04 am
Key Moments USD/JPY has surged to just below 159.00, buoyed by higher U.S. yields, with intraday attention on resistance at 159.45. UOB strategists flag deeply overbought conditions, noting that 158.55 and 158.75 serve as nearby supports for the pair. On a multi-week to multi-month horizon, a sustained move above 159.45 could refocus markets on 160.00, […]
Read moreMarch 12, 2026 7:56 am
Key Moments EUR/USD trades around 1.1540 in Asian hours on Thursday, marking a third consecutive session of losses. February US CPI rose 0.3% MoM and 2.4% YoY, with core CPI up 0.2% MoM and 2.5% YoY, supporting expectations for steady Fed policy in the near term. ECB officials highlight risks from persistent energy price shocks […]
Read moreMarch 12, 2026 7:05 am
Key Moments USD/CAD trades near 1.3580 in Asian hours as the Canadian Dollar firms on higher oil prices. WTI crude extends a three-session advance to around $91.60 as Iran-related tensions escalate. February US CPI prints broadly in line with expectations, reinforcing views of steady Fed policy in the near term. CAD Benefits from Oil Spike […]
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