Copper rose to a near-five-month high at the start of the week after China unveiled a special action plan to revive consumption, boosting sentiment in the commodities complex, ING's commodity experts Ewa Manthey and Warren Patterson note.
The Pound Sterling (GBP) faces slight selling pressure near the psychological figure of 1.3000 against the US Dollar (USD) in North American trading hours on Tuesday.
The EU is launching a probe into Aluminum imports to protect the bloc’s industry from an expected surge in cheap imports displaced by US tariffs, according to media reports, ING's commodity experts Ewa Manthey and Warren Patterson note.
European natural gas prices came under pressure yesterday, falling almost 2.5% on the day, amid hopes of a Russia-Ukraine peace deal, ING's commodity experts Ewa Manthey and Warren Patterson note.
Oil prices rose yesterday amid rising tensions in the Middle East, continuing the strength seen at the end of last week, ING's commodity experts Ewa Manthey and Warren Patterson note.
West Texas Intermediate (WTI) US Crude Oil prices attract buyers for the third straight day on Tuesday and touch a fresh two-week high during the first half of the European session.
Chance for Pound Sterling (GBP) to break above 1.3000 vs US Dollar (USD); overbought conditions suggest it might not be able to maintain a foothold above this level.
US Dollar (USD) continues to trade near recent lows. DXY was last seen trading at 103.26 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Euro (EUR) continued to hold on to gains above 1.09 handle vs US Dollar (USD) on prospects of a peace deal in Ukraine, potential ECB pause (in Apr) and hopes of large German spending.
In its March economic forecasts, Switzerland’s State Secretariat for Economic Affairs (SECO) said that the “Swiss economy will grow by 1.4% in 2025.” Additional takeaways Sees 2025 GDP (sport event adjusted) growth at +1.4% (previous forecast was +1.5%).
Here is what you need to know on Tuesday, March 18: Gold benefits from escalating geopolitical tensions and trades at a new record-high above $3,000 early Tuesday.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, recovers some lost ground to near 103.60 during the early European session on Tuesday.
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