Market Information

GBP/USD extends its gains for the third successive session, trading around 1.3480 during the early European hours on Tuesday.

Here is what you need to know on Tuesday, March 10:

Deutsche Bank’s Jim Reid and his team describe an extreme reversal in Brent Oil, with prices falling from an intraday high near $120 to around $90.

OCBC strategists Sim Moh Siong and Christopher Wong attribute Gold’s pullback toward USD5015/oz to liquidity needs and profit‑taking rather than weaker fundamentals.

Silver (XAG/USD) attracts buyers for the third straight day and climbs to over a one-week high, around the 90.00 psychological mark, during the first half of the trading action on Tuesday. Moreover, the supportive technical setup backs the case for a further near-term appreciating move.

ING's Senior Economist Min Joo Kang argues that stronger Japan GDP data and resilient private spending support continued Bank of Japan (BoJ) policy normalisation, with a rate hike more likely in June than April.

The AUD/JPY cross trades in positive territory near 111.80 during the early European session on Tuesday. The Australian Dollar (AUD) strengthens against the Japanese Yen (JPY) as China's trade surplus grew more than expected at the beginning of 2026, driven by a significant surge in exports.

DBS Group Research’s Radhika Rao explains that the US and India have agreed a trade deal cutting reciprocal tariffs to 18%, with the final rate contingent on India continuing to reduce Oil imports from Russia.

Bank of Japan (BoJ) Executive Director Koji Nakamura said on Tuesday that it’s appropriate to conduct a bond taper in a predictable manner. Nakamura further stated that he will listen to views of various market players in compiling a new bond taper plan at the June policy meeting.

USD/INR rebounds after registering little losses in the previous session. However, the pair reached an all-time high of 92.81 on Monday as the Indian Rupee (INR) faces intense selling pressure amid increased risk aversion and higher oil prices.

MUFG’s Senior Currency Analyst Michael Wan highlights extreme volatility in Brent as prices spiked from US$90/bbl to US$120/bbl before retracing, driven by comments from President Trump that the Iran war could be ending soon.

The President and CEO of Saudi Aramco, Amin H. Nasser, said on Tuesday that he is concerned about the elevated risks that people are facing in the region. He added that the company are doing its best to meet the majority of our customers' requirements under the current circumstances.

Gold (XAU/USD) sticks to modest intraday gains heading into the European session on Tuesday, though it lacks follow-through buying and remains below the $5,200 mark.

BNY’s Americas Macro Strategist John Velis argues that the Middle East conflict hits the U.S. economy via higher Oil prices, weaker portfolios and greater uncertainty, creating a negative supply shock.

Volkmar Baur highlights exceptionally strong Chinese export data, with February exports up nearly 40% year-on-year and the combined January–February surplus reaching about 6.2% of GDP.

Rabobank strategists Molly Schwartz and Michael Every highlight extreme volatility in Brent, which spiked towards $120 before closing below $90, driven by Saudi supply disruptions, G7 stockpile plans and US policy options.

The EUR/USD pair edges lower to around 1.1615 during the early European session on Tuesday. Concerns over oil flow disruptions through the Strait of Hormuz boost the US Dollar (USD) as a safe-haven and create a headwind for the major pair.

Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser said on Tuesday that volatility in oil prices and the Middle East is a genuine challenge for central banks.  Hauser further stated that the response depends on the size and persistence of the price shock, which is very uncertain.

Standard Chartered economists argue that Europe faces a renewed energy price shock from the Middle East conflict, with Oil and natural gas prices sharply higher.

USD/CHF edges higher after two days of losses, trading around 0.7780 during the Asian hours on Tuesday. The pair gains ground as the US Dollar (USD) inches higher after a sharp intraday drop in the previous session.

The USD/CAD pair struggles to build on the overnight bounce from the 1.3525 area, or a nearly one-month low, and oscillates in a narrow band during the Asian session on Tuesday. Spot prices currently trade below the 1.3600 mark, nearly unchanged for the day, amid mixed fundamental cues.

The EUR/JPY cross loses traction to around 183.20 during the early European session on Tuesday. The Japanese Yen (JPY) strengthens against the Euro (EUR) as escalating conflict in the Middle East boosts safe-haven demand.

West Texas Intermediate (WTI) Crude Oil prices regain positive traction following the previous day's dramatic turnaround from the highest level since June 2022 and climb back above the $88.00 mark during the Asian session on Tuesday.

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

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 98.90 during the early European trading hours on Tuesday. The DXY edges higher amid uncertainty and persistent geopolitical risks in the Middle East.

China's Trade Balance for January-February, in Chinese Yuan (CNY) terms, arrived at CNY1.5 trillion, widening from the previous figure of CNY808.80 billion.

AUD/USD inches lower after two days of gains, trading around 0.7060 during the Asian hours on Tuesday.

The GBP/USD pair struggles to capitalize on the previous day's move higher and edges lower during the Asian session on Tuesday. Spot prices, however, manage to hold above the 1.3400 mark as investors await further developments surrounding the US-Israel-Iran war before placing fresh directional bets.

The NZD/USD pair attracts some sellers during the Asian session on Tuesday and erodes a part of the previous day's goodish recovery gains from levels just below mid-0.5800s.

USD/CAD edges higher after two days of losses, trading around 1.3600 during the Asian hours on Tuesday.

The Canadian Dollar (CAD) struggles to build on gains against the US Dollar (USD) on Monday as a sharp pullback in Oil prices weighs on the commodity-linked Loonie, even as the Greenback trades under pressure.

Gold (XAU/USD) trims some of its earlier losses on Monday, yet it remains below its opening price by over 1.50% as shipping disruptions in the Strait of Hormuz sent West Texas Intermediate (WTI) Oil prices up more than 30%, to near to $113 a barrel. At the time of writing, XAU/USD trades at $5,090.

United States (US) President Donald Trump told NBC News on Monday that he did not want to discuss whether he would like the US to seize Iranian Oil, adding that he believes it's too soon to talk about it.

MUFG’s Senior Currency Analyst Michael Wan assesses how higher Oil prices and a prolonged Strait of Hormuz closure could affect Bangko Sentral ng Pilipinas policy.

ING’s Frantisek Taborsky argues that Central and Eastern European markets remain highly exposed to the US–Iran conflict and rising Oil prices. While local data from Hungary, Turkey and Poland are due, he expects geopolitics to dominate.

USD/JPY trades around 158.10 on Monday at the time of writing, up 0.10% on the day, as markets react to heightened geopolitical tensions in the Middle East and sharp moves in the energy market.

Gold (XAU/USD) is consolidating losses on Monday after coming under heavy selling pressure at the start of the week as markets digest shifting macro and geopolitical drivers.

West Texas Intermediate (WTI) Crude Oil gained about 5% on Monday, but the headline figure disguised a wild session.

National Bank of Canada (NBC) economists Alexandra Ducharme and Jocelyn Paquet expect Canada’s February Labour Force Survey to show a 10K employment gain after January’s decline, but projects the unemployment rate rising to 6.7% as participation ticks up to 65.2%.

The Dow Jones Industrial Average (DJIA) opened sharply lower on Monday as a weekend escalation in the US-Iran conflict sent crude Oil prices surging past $100 per barrel.

USD/CHF rose about 0.44% on Thursday, pushing back above 0.7830 in a session that extended the recovery from last week's lows near the 0.7700 area.

DBS Group Research economist Radhika Rao discusses Fitch Ratings’ decision to cut Indonesia’s sovereign rating outlook to negative while affirming the BBB rating, following a similar move by Moody’s.

The New Zealand Dollar (NZD) plummets during the North American session on Thursday as high US Treasury yields underpin the Greenback, which is registering a new two-day high as the Middle East conflict escalates.

Gold price erased the previous day's gains on Thursday, hitting a two-day low as precious metals are pressured by high US Treasury yields and a strong US Dollar, underpinned by solid US jobs data. At the time of writing, XAU/USD trades at $5,069, down more than 1.35%.

TD Securities analysts note that changes in trading conditions will not dramatically alter Canada's growth outlook, pointing to manufacturing's small GDP share and pre-existing investment weakness.

Rabobank’s Senior FX Strategist Jane Foley notes that the Pound has been one of the better performing G10 currencies recently, supported by reduced expectations for Bank of England easing.

Silver (XAG/USD) trades lower on Thursday, falling toward $82.20 at the time of writing, down 1.18% on the day. The precious metal is under pressure as the US Dollar (USD) rebounds following the release of stronger-than-expected US economic data.

The Dow Jones Industrial Average was down 840 points, or 1.73%, to 47,885 at the time of writing, giving back all of Wednesday's gains and then some. The S&P 500 fell 0.82% to around 6,810, while the Nasdaq Composite dipped 0.50% to the 22,690 region.

Scotiabank strategists Shaun Osborne and Eric Theoret note that for the US, focus is on incoming data and the Federal Reserve outlook as markets approach the March 18 FOMC meeting.

Nordea’s Chief Analyst Jan von Gerich expects the ECB to stay on hold for now while closely monitoring how the Middle East conflict affects Euro-area growth and inflation.