Forex
The United States (US) Institute of Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI) data for February is due for release today at 15:00 GMT.
Forex
The NZD/USD pair holds early losses driven by the ongoing war between the United States (US) and Israel, trades 0.75% lower to near 0.5950 during the European trading session on Monday.
Commodities
Middle East conflict escalates significantly following a US/Israel strike on Iran's Supreme Leader, triggering a seismic response. Global markets react with shock: oil surges 10%, European natural gas jumps 22%, gold hits $5,413, and the DXY climbs to a five-week high. Equities, led by Europe's STOXX 600, retreat, while safe-haven assets and defense stocks soar. The instability, including strikes in Cyprus and GCC countries, threatens a new wave of global inflation.
Forex
EUR/USD declines nearly 1%, trading around 1.1740 during the European hours on Monday.
Forex
The AUD/USD pair trades 0.85% lower to near 0.7050 during the European trading session on Monday. The Aussie pair plummets as risk-off market sentiment amid the United States (US)-Iran war has weighed heavily on the Australian Dollar (AUD).
Forex
Scotiabank strategists Shaun Osborne and Eric Theoret, notes the Canadian Dollar is ended the week slightly stronger versus the US Dollar, with cross-currents from equities and crude.
Forex
Commerzbank’s Thu Lan Nguyen argues that escalating conflict in the Middle East and a potential Oil supply shock are negative for EUR/USD. The bank highlights the United States’ reserve currency role, its net Oil exporter status and relatively stronger economic resilience versus the Euro area.
West Texas Intermediate (WTI) US Crude Oil prices trim a part of strong intraday gains to levels beyond the $73.00 mark, or the highest since June 2025, touched this Monday in reaction to a dramatic escalation of geopolitical tensions in the Middle East.
Commodities
Safe-haven demand surges as the US-Iran conflict escalates, lifting gold above $5,360 and driving WTI crude past key $70 resistance. Equity markets slide while the US dollar firms. Gold’s uptrend holds above $5,238, oil confirms a major breakout, and the Nikkei 225 risks a deeper correction. AUD/USD remains supported above 0.7020 amid strong commodity tailwinds.
Forex
EUR/GBP moves sideways after two days of gains, trading around 0.8770 during the Asian hours on Monday.
