Forex News

Market Outlook for the Week of 3rd - 7th March

a month ago

by Forex Live

Market Outlook for the Week of 3rd - 7th March

The highlights of the week include manufacturing and services PMIs from Europe, Canada and the U.S., as well as U.S. and Canadian labor market data

EUR

CAD

USD

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EUR/JPY gathers strength above 156.50 ahead of Eurozone HICP inflation data

a month ago

News Discussion Forum

by Fxstreet

EUR/JPY gathers strength above 156.50 ahead of Eurozone HICP inflation data

The EUR/JPY cross edges higher to 156.65 during the Asian trading hours on Monday.

EURJPY

Crosses

Macroeconomics

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Silver Price Forecast: XAG/USD holds ground above $31.00 amid increased safe-haven demand

a month ago

News Discussion Forum

by Fxstreet

Silver Price Forecast: XAG/USD holds ground above $31.00 amid increased safe-haven demand

Silver price (XAG/USD) rebounds after two consecutive days of losses, trading around $31.30 per troy ounce during Asian market hours on Monday.

Silver

XAGUSD

Macroeconomics

Metals

Commodities

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Gold price holds above multi-week low set on Friday, looks to US ISM PMI for fresh impetus

a month ago

News Discussion Forum

by Fxstreet

Gold price holds above multi-week low set on Friday, looks to US ISM PMI for fresh impetus

Gold price (XAU/USD) kicks off the new week on a positive note and recovers further from over a three-week low, around the $2,833-2,832 region touched on Friday.

Gold

Commodities

Fed

TradeWar

SEO

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India Gold price today: Gold rises, according to FXStreet data

a month ago

News Discussion Forum

by Fxstreet

India Gold price today: Gold rises, according to FXStreet data

Gold prices rose in India on Monday, according to data compiled by FXStreet.

Gold

Commodities

Metals

India

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More on China's reciprocal tariffs on the US - targeting US Agriculture

a month ago

News Discussion Forum

by Forex Live

More on China's reciprocal tariffs on the US - targeting US Agriculture

China is preparing countermeasures against new U.S. tariffs set to take effect on Tuesday

CNY

China Stock Market

China

CNH

USD

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China evaluating countermeasures in response to Trump's March 4 tariffs – Global Times

a month ago

News Discussion Forum

by Fxstreet

China evaluating countermeasures in response to Trump's March 4 tariffs – Global Times

Global Times reported on Monday, citing sources familiar with the matter, that China is evaluating countermeasures in response to the additional 10% tariffs the United States (US) will impose on March 4.

China

TradeWar

UnitedStates

AUDUSD

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NZD/USD hovers around 0.5600 after trimming recent gains

a month ago

News Discussion Forum

by Fxstreet

NZD/USD hovers around 0.5600 after trimming recent gains

NZD/USD halted its six-day losing streak, trading around 0.5600 during the Asian hours on Monday.

NZDUSD

Majors

Macroeconomics

NewZealand

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ForexLive Asia-Pacific FX news wrap: BTC rocketed higher on Trump endorsing crypto reserve

a month ago

News Discussion Forum

by Forex Live

ForexLive Asia-Pacific FX news wrap: BTC rocketed higher on Trump endorsing crypto reserve

Forex news for Asian trading on Monday, March 3, 2025

Session wrap

Wrap Asia

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China says its studying countermeasures in response to Trump's March 4 tariffs

a month ago

News Discussion Forum

by Forex Live

China says its studying countermeasures in response to Trump's March 4 tariffs

Tit for tat time

China Stock Market

China

USD

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WTI holds gains above $70.00 due to rising concerns over Russia-Ukraine peace deal

a month ago

News Discussion Forum

by Fxstreet

WTI holds gains above $70.00 due to rising concerns over Russia-Ukraine peace deal

West Texas Intermediate (WTI) Oil price recovered its recent losses registered in the previous session, trading around $70.10 per barrel during the Asian hours on Monday.

Oil

WTI

Macroeconomics

Majors

Commodities

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Japanese Yen retains its positive bias against a broadly weaker USD

a month ago

News Discussion Forum

by Fxstreet

Japanese Yen retains its positive bias against a broadly weaker USD

The Japanese Yen (JPY) touches a one-week low, around the 151.00 mark against its American counterpart during the Asian session on Monday, though the downside remains limited amid hawkish Bank of Japan (BoJ) expectations.

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BOJ

Fed

TradeWar

SEO

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Coinbase CEO Armstrong supports Bitcoin as the best choice Trump's US Crypto Reserve

a month ago

News Discussion Forum

by Forex Live

Coinbase CEO Armstrong supports Bitcoin as the best choice Trump's US Crypto Reserve

Says only Bitcoin in the proposed reserve would be the best option.

BTC

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USD/INR loses traction on likely RBI intervention

a month ago

News Discussion Forum

by Fxstreet

USD/INR loses traction on likely RBI intervention

The Indian Rupee (INR) gathers strength on Monday. The potential intervention from the Reserve Bank of India (RBI) could provide some support to the local currency.

USDINR

SEO

India

EmergingMarkets

Macroeconomics

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French President Macron: France, UK propose one-month Ukraine truce – Le Figaro

a month ago

News Discussion Forum

by Fxstreet

French President Macron: France, UK propose one-month Ukraine truce – Le Figaro

In an interview with France's Le Figaro newspaper late Sunday, French President Emmanuel Macron said that France and Britain are proposing a one-month truce in Ukraine to stop all air and sea conflict and attacks on energy infrastructure.

France

Politics

EURUSD

Ukraine

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Australian Dollar rises as US Dollar remains subdued ahead of ISM Manufacturing PMI

a month ago

News Discussion Forum

by Fxstreet

Australian Dollar rises as US Dollar remains subdued ahead of ISM Manufacturing PMI

The Australian Dollar (AUD) halted its six-day losing streak on Monday, buoyed by a weaker US Dollar (USD) following the release of January’s Personal Consumption Expenditures (PCE) inflation data on Friday.

AUDUSD

SEO

Macroeconomics

Majors

Australia

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a month ago

News Discussion Forum

by Forex Live

Australia: Qantas flight forced to return to Sydney after smoke detected in cockpit

Have a guess which brand it plane it was

General

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China's Caixin Manufacturing PMI jumps to 50.8 in February vs. 50.3 expected

a month ago

News Discussion Forum

by Fxstreet

China's Caixin Manufacturing PMI jumps to 50.8 in February vs. 50.3 expected

China's Caixin Manufacturing Purchasing Managers' Index (PMI) jumped to 50.8 in February from January’s 50.1, the latest data showed on Monday.

China

PMI

EconomicIndicator

Manufacturing

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a month ago

News Discussion Forum

by Forex Live

Caixin China Manufacturing PMI (February 2025) 50.8 vs. expected 50.3

Imprioves, as the official one did also

CNY

China Stock Market

China

CNH

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USD/CAD holds below 1.4450 on softer US Dollar, investors await US PMI release

a month ago

News Discussion Forum

by Fxstreet

USD/CAD holds below 1.4450 on softer US Dollar, investors await US PMI release

The USD/CAD pair weakens to around 1.4440 during the early Asian session on Monday.

USDCAD

Majors

Macroeconomics

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PBOC sets USD/CNY reference rate at 7.1745 vs. 7.1738 previous

a month ago

News Discussion Forum

by Fxstreet

PBOC sets USD/CNY reference rate at 7.1745 vs. 7.1738 previous

On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1745 as compared to Friday's fix of 7.1738 and 7.2857 Reuters estimates.

USDCNY

PBOC

CentralBanks

Currencies

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EUR/USD rises above 1.0400 ahead of Eurozone HICP inflation data

a month ago

News Discussion Forum

by Fxstreet

EUR/USD rises above 1.0400 ahead of Eurozone HICP inflation data

EUR/USD pauses its three-day losing streak, trading around 1.0410 during Asian hours on Monday.

EURUSD

Majors

Macroeconomics

Eurozone

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GBP/USD retakes 1.2600 amid modest USD weakness; upside potential seems limited

a month ago

News Discussion Forum

by Fxstreet

GBP/USD retakes 1.2600 amid modest USD weakness; upside potential seems limited

The GBP/USD pair attracts some dip-buyers during the Asian session on Monday and now seems to have stalled its retracement slide from levels beyond the 1.2700 mark, or over a two-month peak touched last week.

GBPUSD

Fed

Inflation

BOE

Currencies

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Australian Q4 2024 Business Inventories +0.1% q/q (expected 0.0%)

a month ago

News Discussion Forum

by Forex Live

Australian Q4 2024 Business Inventories +0.1% q/q (expected 0.0%)

Business Indicators, Australia, December 2024 from the Australian Bureau of Statistics

AUD

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Gold Price Forecast: XAU/USD drifts higher above $2,850 amid the cautious mood

a month ago

News Discussion Forum

by Fxstreet

Gold Price Forecast: XAU/USD drifts higher above $2,850 amid the cautious mood

Gold price (XAU/USD) attracts some buyers to around $2,870 during the early Asian session on Monday.

Gold

Commodities

XAUUSD

Macroeconomics

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Japan final February Manufacturing PMI 49.0 (prior 47.7)

a month ago

News Discussion Forum

by Forex Live

Japan final February Manufacturing PMI 49.0 (prior 47.7)

Headwinds from weak global demand and trade policy uncertainties.

JPY

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Warren Buffett says Trump’s tariffs hurt consumers, “an act of war, to some degree”

a month ago

News Discussion Forum

by Forex Live

Warren Buffett says Trump’s tariffs hurt consumers, “an act of war, to some degree”

Buffett spoke in an interview over the weekend, saying tariffs are "a tax on goods. I mean, the Tooth Fairy doesn’t pay ’em"

SPX

USD

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Blaze erupts at Ufa oil refinery amid explosion reports

a month ago

News Discussion Forum

by Fxstreet

Blaze erupts at Ufa oil refinery amid explosion reports

An oil refinery in the Russian city of Ufa was on fire, according to the state RIA news agency.

RussianFederation

Macroeconomics

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Australian private survey of inflation, February 2025: -0.2% m/m (prior +0.1%)

a month ago

News Discussion Forum

by Forex Live

Australian private survey of inflation, February 2025: -0.2% m/m (prior +0.1%)

Melbourne Institute of Applied Economic & Social Research at the University of Melbourne Inflation Gauge

AUD

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Another night, another explosion and fire at a Russian oil facility

a month ago

News Discussion Forum

by Forex Live

Another night, another explosion and fire at a Russian oil facility

Putin's war on oil?

ukraine

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Ukrain's Zelenskyy leaves White House without signing minerals deal

a month ago

News Discussion Forum

by Fxstreet

Ukrain's Zelenskyy leaves White House without signing minerals deal

US President Donald Trump on Friday criticized Ukrainian President Volodymyr Zelenskyy for being "disrespectful" and cancelled the signing of a minerals deal that would have brought Ukraine closer to resolving its conflict with Russia.

Ukraine

UnitedStates

Macroeconomics

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a month ago

News Discussion Forum

by Forex Live

EUR/USD is above 1.04

The USD is lower across the major FX board, euro is outperforming

EUR

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AUD/USD recovers above 0.6200 on upbeat Chinese PMI data

a month ago

News Discussion Forum

by Fxstreet

AUD/USD recovers above 0.6200 on upbeat Chinese PMI data

The AUD/USD pair recovers some lost ground to near 0.6215, snapping the six-day losing streak during the early Asian session on Monday.

AUDUSD

Majors

Macroeconomics

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US President Donald Trump says he will impose additional 10% tariff on China

a month ago

News Discussion Forum

by Fxstreet

US President Donald Trump says he will impose additional 10% tariff on China

US President Donald Trump said over the weekend that the US will impose an additional 10% tariff on Chinese imports starting Tuesday, compounding the initial 10% rate that took effect last month.

UnitedStates

China

TradeWar

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