Forex News Timeline

11:31 United Kingdom M4 Money Supply (YoY) fell from previous 4.1% to 3.8% in February
United Kingdom M4 Money Supply (YoY) fell from previous 4.1% to 3.8% in February

11:31 United Kingdom Net Lending to Individuals (MoM) came in at £4.6B, below expectations (£4.9B) in February
United Kingdom Net Lending to Individuals (MoM) came in at £4.6B, below expectations (£4.9B) in February

11:30 United Kingdom M4 Money Supply (MoM) fell from previous 1.3% to 0.2% in February
United Kingdom M4 Money Supply (MoM) fell from previous 1.3% to 0.2% in February

11:30 United Kingdom Mortgage Approvals came in at 65.481K below forecasts (66K) in February
United Kingdom Mortgage Approvals came in at 65.481K below forecasts (66K) in February

11:30 United Kingdom Consumer Credit fell from previous £1.74B to £1.358B in February
United Kingdom Consumer Credit fell from previous £1.74B to £1.358B in February

11:23 EUR/USD flattens ahead of Trump’s planned reciprocal tariff announcement
EUR/USD trades sideways around 1.0830 in Monday’s European session.

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The major currency pair consolidates as the US Dollar (USD) falls for the third trading day in a row ahead of the planned reciprocal tariff announcement by United States (US) President Donald Trump on Wednesday. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, posts a fresh 10-day low around 103.75. Financial market participants expect that Trump’s reciprocal tariffs will be unfavorable for economic growth and will reignite inflation across the globe, including the US. According to the Washington Post, the President keeps telling his advisers to increase trade measures, and in recent days, he has brought back the idea of a universal tariff that would be applicable to most imports, no matter which country they come from. The Washington Post also showed that US President Trump expressed regret for not imposing broader tariffs in his first term and was confident that levies would be a win for the US. Higher import duties will bring back manufacturing jobs and add trillions in government revenue. This week, investors will also focus on a slew of US economic data, such as the ISM Manufacturing and Services Purchasing Managers Index (PMI) and labor market-related indicators, which will influence market speculation for the Federal Reserve’s (Fed) monetary policy outlook. According to the CME FedWatch tool, the Fed is expected to keep interest rates at their current levels in the May policy meeting. However, the probability for an interest rate cut in June has increased to 83.5% from 65.6% recorded a week ago. Daily digest market movers: EUR/USD to be influenced by flash German HICP data In Monday’s session, the Euro (EUR) will be influenced by preliminary German Harmonized Index of Consumer Prices (HICP) data for March, which will be published at 12:00 GMT. German HICP is estimated to rise by 2.4% year-over-year compared to the 2.6% increase seen in February. On Friday, France and Spain's March preliminary inflation data showed that price pressures rose at a slower-than-expected pace. The impact of German inflation is expected to be limited on market expectations for the European Central Bank’s (ECB) monetary policy outlook as investors anticipate a resurgence in inflation in the Eurozone due to Donald Trump’s tariff agenda. Investors expect President Trump to impose significant tariffs on the Eurozone as he has criticized the European Union (EU) for not buying American goods. In 2024, Ireland and Germany were the fourth and fifth, respectively, largest nations having trade surplus with the US, according to the World Population Review. Trump's higher import duties on the Eurozone would significantly impact its economic growth. During European trading hours, ECB President Christine Lagarde stated that any ensuing trade war would be a lose-lose scenario and lower Eurozone growth by at least 0.3%. Last week, Trump also imposed 25% tariffs on imports of foreign cars and light trucks, which will come into effect on Wednesday. In response, the EU Commission warned of retaliatory measures but later agreed to provide concessions to the US to secure the partial removal of tariffs that have already hit and are expected to increase further on April 2, Bloomberg reported. Technical Analysis: EUR/USD consolidates around 1.0830 EUR/USD trades indecisively around 1.0830 at the start of the week. The near-term outlook of the pair remains firm as it holds the 20-day Exponential Moving Average (EMA), which trades around 1.0773. The 14-day Relative Strength Index (RSI) cools down below 60.00, suggesting that the bullish momentum is over, but the upside bias is intact. Looking down, the December 6 high of 1.0630 will act as the major support zone for the pair. Conversely, the psychological level of 1.1000 will be the key barrier for the Euro bulls. Euro FAQs What is the Euro? The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%). What is the ECB and how does it impact the Euro? The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. How does inflation data impact the value of the Euro? Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money. How does economic data influence the value of the Euro? Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy. How does the Trade Balance impact the Euro? Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

11:12 ECB’s Panetta: The fight against inflation cannot be considered over
European Central Bank (ECB) policymaker Fabio Panetta said on Monday, “the fight against inflation cannot be considered over.”

European Central Bank (ECB) policymaker Fabio Panetta said on Monday, “the fight against inflation cannot be considered over.”Further comments"Must carefully monitor all factors that could hinder return to 2% target.""Weak euro area economy and geopolitical tensions contributing to containing inflation.""But increased uncertainty, especially contradictory US policy announcements, calls for caution on rates."Market reactionAt the press time, EUR/USD is trading modestly flat at around 1.0825.

11:06 Germany Baden-Wuerttemberg CPI (YoY) declined to 2.2% in March from previous 2.5%
Germany Baden-Wuerttemberg CPI (YoY) declined to 2.2% in March from previous 2.5%

11:06 Germany Baden-Wuerttemberg CPI (MoM) down to 0.2% in March from previous 0.5%
Germany Baden-Wuerttemberg CPI (MoM) down to 0.2% in March from previous 0.5%

11:04 Germany Hesse CPI (YoY) increased to 2.4% in March from previous 2.3%
Germany Hesse CPI (YoY) increased to 2.4% in March from previous 2.3%

11:04 Germany Hesse CPI (MoM) rose from previous 0.3% to 0.4% in March
Germany Hesse CPI (MoM) rose from previous 0.3% to 0.4% in March

11:03 Spain Current Account Balance dipped from previous €1.3B to €1.2B in January
Spain Current Account Balance dipped from previous €1.3B to €1.2B in January

11:02 Germany Saxony CPI (MoM) climbed from previous 0.3% to 0.6% in March
Germany Saxony CPI (MoM) climbed from previous 0.3% to 0.6% in March

11:02 Germany Saxony CPI (YoY): 2.5% (March) vs 2.3%
Germany Saxony CPI (YoY): 2.5% (March) vs 2.3%

11:01 Germany North Rhine-Westphalia CPI (YoY) unchanged at 1.9% in March
Germany North Rhine-Westphalia CPI (YoY) unchanged at 1.9% in March

11:00 Germany North Rhine-Westphalia CPI (MoM) down to 0.3% in March from previous 0.4%
Germany North Rhine-Westphalia CPI (MoM) down to 0.3% in March from previous 0.4%

11:00 Germany Brandenburg CPI (YoY): 2.3% (March)
Germany Brandenburg CPI (YoY): 2.3% (March)

11:00 Germany Brandenburg CPI (MoM) fell from previous 0.6% to 0.4% in March
Germany Brandenburg CPI (MoM) fell from previous 0.6% to 0.4% in March

11:00 Germany Bavaria CPI (YoY): 2.3% (March) vs previous 2.4%
Germany Bavaria CPI (YoY): 2.3% (March) vs previous 2.4%

11:00 Germany Bavaria CPI (MoM): 0.3% (March) vs previous 0.4%
Germany Bavaria CPI (MoM): 0.3% (March) vs previous 0.4%

10:19 Lagarde speech: We're almost at our inflation target
European Central Bank (ECB) President Christine Lagarde said on Monday that “we're almost at our inflation target.”

10:01 EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
Indian Rupee (INR) crosses trade on the front foot at the beginning of Monday, according to FXStreet data.

09:57 USD/CHF extends downside below 0.8800 amid trade war concerns
The USD/CHF pair extends the decline to around 0.8790 during the early European session on Monday, pressured by the weaker US Dollar (USD).

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US President Donald Trump said on Sunday that reciprocal tariffs he is set to announce on Wednesday will include all countries, not just a smaller group of 10 to 15 countries with the biggest trade imbalances. The concerns over an escalating global trade war, along with fears of a recession in the US, exert some selling pressure on the Greenback against the Swiss Franc (CHF).

San Francisco Federal Reserve Bank President Mary Daly noted on Friday that she expects two rate cuts this year, but with robust economic indicators, Fed officials can hold off on cutting rates until they evaluate how businesses adapt to tariff costs. According to the CME FedWatch tool, swaps traders continued to price in about two quarter-point rate cuts this year, with the first seen coming in July.

Meanwhile, Israel has resumed airstrikes in Gaza and deployed troops in Syria, while the US stepped up its attack on Houthi rebels in Yemen. Additionally, Trump said on Sunday that he was "pissed off" at Russian President Vladimir Putin and would impose secondary tariffs of 25% to 50% on buyers of Russian oil if he feels Moscow is blocking his efforts to end the war in Ukraine. Traders will closely monitor the developments surrounding geopolitical risks. Any signs of escalation could boost the safe-haven demand, supporting the CHF. Swiss Franc FAQs What key factors drive the Swiss Franc? The Swiss Franc (CHF) is Switzerland’s official currency. It is among the top ten most traded currencies globally, reaching volumes that well exceed the size of the Swiss economy. Its value is determined by the broad market sentiment, the country’s economic health or action taken by the Swiss National Bank (SNB), among other factors. Between 2011 and 2015, the Swiss Franc was pegged to the Euro (EUR). The peg was abruptly removed, resulting in a more than 20% increase in the Franc’s value, causing a turmoil in markets. Even though the peg isn’t in force anymore, CHF fortunes tend to be highly correlated with the Euro ones due to the high dependency of the Swiss economy on the neighboring Eurozone. Why is the Swiss Franc considered a safe-haven currency? The Swiss Franc (CHF) is considered a safe-haven asset, or a currency that investors tend to buy in times of market stress. This is due to the perceived status of Switzerland in the world: a stable economy, a strong export sector, big central bank reserves or a longstanding political stance towards neutrality in global conflicts make the country’s currency a good choice for investors fleeing from risks. Turbulent times are likely to strengthen CHF value against other currencies that are seen as more risky to invest in. How do decisions of the Swiss National Bank impact the Swiss Franc? The Swiss National Bank (SNB) meets four times a year – once every quarter, less than other major central banks – to decide on monetary policy. The bank aims for an annual inflation rate of less than 2%. When inflation is above target or forecasted to be above target in the foreseeable future, the bank will attempt to tame price growth by raising its policy rate. Higher interest rates are generally positive for the Swiss Franc (CHF) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken CHF. How does economic data influence the value of the Swiss Franc? Macroeconomic data releases in Switzerland are key to assessing the state of the economy and can impact the Swiss Franc’s (CHF) valuation. The Swiss economy is broadly stable, but any sudden change in economic growth, inflation, current account or the central bank’s currency reserves have the potential to trigger moves in CHF. Generally, high economic growth, low unemployment and high confidence are good for CHF. Conversely, if economic data points to weakening momentum, CHF is likely to depreciate. How does the Eurozone monetary policy affect the Swiss Franc? As a small and open economy, Switzerland is heavily dependent on the health of the neighboring Eurozone economies. The broader European Union is Switzerland’s main economic partner and a key political ally, so macroeconomic and monetary policy stability in the Eurozone is essential for Switzerland and, thus, for the Swiss Franc (CHF). With such dependency, some models suggest that the correlation between the fortunes of the Euro (EUR) and the CHF is more than 90%, or close to perfect.

09:49 South Africa Private Sector Credit fell from previous 4.59% to 3.68% in February
South Africa Private Sector Credit fell from previous 4.59% to 3.68% in February

09:34 Forex Today: Tariff fears lift Gold to new record peak
Here is what you need to know on Monday, March 31:

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The European economic calendar will feature preliminary March inflation data from Germany. In the second half of the day, markets will pay close attention to trade-war headlines and geopolitical developments.US President Donald Trump's advisers are considering imposing global tariffs of up to 20% on all imports into the US, the Wall Street Journal reported over the weekend. The Trump administration is expected to share the details of its new tariff agenda on Wednesday. Additionally, Trump said on Sunday that if he feels that Moscow is trying to block his attempts to end the war in Ukraine, he would impose secondary tariffs of 25%-50% on buyers of Russian oil. Reflecting the risk-averse market environment, US stock index futures were last seen losing between 0.4% and 1.2%. Meanwhile, the US Dollar (USD) Index trades marginally lower on the day below 104.00 in the European morning. The Federal Reserve Bank of Dallas' regional manufacturing survey and Chicago Purchasing Managers' Index data for March will be published in the second half of the day. US Dollar PRICE Last 7 days The table below shows the percentage change of US Dollar (USD) against listed major currencies last 7 days. US Dollar was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.12% -0.34% -0.33% -0.22% -0.16% 0.37% -0.43% EUR 0.12% -0.34% -0.74% -0.07% -0.06% 0.54% -0.29% GBP 0.34% 0.34% 0.02% -0.35% 0.25% 0.89% -0.06% JPY 0.33% 0.74% -0.02% 0.10% 0.14% 0.72% -0.14% CAD 0.22% 0.07% 0.35% -0.10% 0.12% 0.60% -0.23% AUD 0.16% 0.06% -0.25% -0.14% -0.12% 0.61% -0.22% NZD -0.37% -0.54% -0.89% -0.72% -0.60% -0.61% -0.76% CHF 0.43% 0.29% 0.06% 0.14% 0.23% 0.22% 0.76% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). Following Friday's sharp decline, USD/JPY stays under bearish pressure on Monday and loses more than 0.6% on the day below 149.00. In the Asian session on Tuesday, Japan's Ministry of Health, Labor and Welfare will release the Unemployment Rate data for February.Following a six-day decline, EUR/USD gained traction and registered gains on Thursday and Friday to end the previous week on a firm footing. The pair stays relatively quiet and fluctuates above 1.0800 in the European morning. The data from Germany showed earlier in the day that Retail Sales increased by 0.8% on a monthly basis in February, coming in better than the market expectation for a no change.GBP/USD closed the previous week marginally higher despite struggling to build on Thursday's gains. The pair holds its ground to start the European session and trades above 1.2950.AUD/USD struggles to gain traction on Monday and trades below 0.6300. In the Asian session on Tuesday, the Reserve Bank of Australia (RBA) will announce monetary policy decisions. Markets expect the RBA to leave the policy rate unchanged at 4.1%. Tariffs FAQs What are tariffs? Tariffs are customs duties levied on certain merchandise imports or a category of products. Tariffs are designed to help local producers and manufacturers be more competitive in the market by providing a price advantage over similar goods that can be imported. Tariffs are widely used as tools of protectionism, along with trade barriers and import quotas. What is the difference between taxes and tariffs? Although tariffs and taxes both generate government revenue to fund public goods and services, they have several distinctions. Tariffs are prepaid at the port of entry, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and businesses, while tariffs are paid by importers. Are tariffs good or bad? There are two schools of thought among economists regarding the usage of tariffs. While some argue that tariffs are necessary to protect domestic industries and address trade imbalances, others see them as a harmful tool that could potentially drive prices higher over the long term and lead to a damaging trade war by encouraging tit-for-tat tariffs. What is US President Donald Trump’s tariff plan? During the run-up to the presidential election in November 2024, Donald Trump made it clear that he intends to use tariffs to support the US economy and American producers. In 2024, Mexico, China and Canada accounted for 42% of total US imports. In this period, Mexico stood out as the top exporter with $466.6 billion, according to the US Census Bureau. Hence, Trump wants to focus on these three nations when imposing tariffs. He also plans to use the revenue generated through tariffs to lower personal income taxes.

09:33 India Gold price today: Gold stretches higher amid trade war fears
Amid heightened global trade war tensions and fears of a US recession, induced by speculation surrounding "higher and broader tariffs" from US President Donald Trump this week, Gold price in India tracked the record-setting rally in Comex Gold price on Monday.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}} Amid heightened global trade war tensions and fears of a US recession, induced by speculation surrounding "higher and broader tariffs" from US President Donald Trump this week, Gold price in India tracked the record-setting rally in Comex Gold price on Monday. At the time of writing, the Gold price is trading at 8,574.54 Indian Rupees (INR) per gram, advancing from Friday's close of INR 8,480.11, according to data calculated by FXStreet. Meaanwhile, Gold price increased to INR 100,011.10 per tola, up sharply from INR 98,910.39 per tola on friday. Unit measure Gold Price in INR 1 Gram 8,574.54 10 Grams 85,738.77 Tola 100,011.10 Troy Ounce 266,696.00 Global Market Movers: Gold price continues to scale higher as trade jitters boost safe-haven demand US President Donald Trump rattled markets last week by imposing a 25% levies on all non-American cars and light trucks ahead of the so-called reciprocal tariffs set to take effect on April 2. Adding to this, the Wall Street Journal reported on Sunday that the Trump administration is considering higher trade tariffs against a broader range of countries, pushing the safe-haven Gold price to a fresh record high during the Asian session on Monday. Trump said on Sunday that he was very angry and pissed off at Russian President Vladimir Putin, and threatened massive tariffs on Russian oil and potential bombings in Iran. Trump also lashed out at Ukrainian President Volodymyr Zelenskiy and warned that he would face big problems if he backed out of the critical rare earth minerals deal. This further weighs on investors' sentiment and contributes to the global flight to safety. Meanwhile, US data released on Friday showed that the Personal Consumption Expenditures (PCE) Price Index rose 0.3% in February and 2.5% from a year ago – in line with market expectations. However, the core gauge, which excludes volatile food and energy prices, showed a 0.4% increase for the month. This marked the biggest monthly gain since January 2024 and lifted the 12-month inflation rate to 2.8% during the reported month. Additional details revealed that Consumer Spending accelerated 0.4% following a downwardly revised 0.3% fall in January, while Personal Income posted a 0.8% rise during the reported month. Separately, a survey from the University of Michigan showed that consumers' 12-month inflation expectations soared to the highest level in nearly 2-1/2 years in March, which further benefits the precious metal's hedge against rising prices. This comes on top of persistent worries about slowing US economic growth and fuels stagflation fears, dragging the US Dollar lower for the third straight day and further offering support to the XAU/USD pair. The commodity reacts little to China's official Purchasing Managers' Index (PMI), which showed that the Manufacturing PMI edged higher to 50.5 while the Non-Manufacturing PMI jumped to 50.8 in March. FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly. Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Who buys the most Gold? Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. How is Gold correlated with other assets? Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. What does the price of Gold depend on? The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up. (An automation tool was used in creating this post.)

09:03 German Retail Sales leap 4.9% YoY in February vs. 2.9% previous
Retail Sales in Germany rose 0.8% month-over-month (MoM) in February, following the 0.2% increase recorded in January, according to official data released by Destatis on Monday.

09:01 Germany Retail Sales (YoY) rose from previous 2.9% to 4.9% in February
Germany Retail Sales (YoY) rose from previous 2.9% to 4.9% in February

09:00 Germany Retail Sales (MoM) came in at 0.8%, above expectations (0%) in February
Germany Retail Sales (MoM) came in at 0.8%, above expectations (0%) in February

09:00 Germany Import Price Index (YoY) climbed from previous 3.1% to 3.6% in February
Germany Import Price Index (YoY) climbed from previous 3.1% to 3.6% in February

09:00 Germany Import Price Index (MoM) above expectations (-0.1%) in February: Actual (0.3%)
Germany Import Price Index (MoM) above expectations (-0.1%) in February: Actual (0.3%)

09:00 South Africa Private Sector Credit: 4.59% (February)
South Africa Private Sector Credit: 4.59% (February)

08:55 Silver Price Forecast: XAG/USD climbs above $34.00 as Trump’s tariffs boost safe-haven demand
The Silver price (XAG/USD) attracts some buyers to around $34.35 during the early European session on Monday.

08:31 WTI consolidates below $69.00; traders seem non-committed amid mixed cues
West Texas Intermediate (WTI) US Crude Oil prices attract some sellers following an Asian session uptick to mid-$69.00s, albeit the downtick lacks bearish conviction.

08:04 Japan Housing Starts (YoY) registered at 2.4% above expectations (-1.4%) in February
Japan Housing Starts (YoY) registered at 2.4% above expectations (-1.4%) in February

08:04 Japan Annualized Housing Starts rose from previous 0.774M to 0.805M in February
Japan Annualized Housing Starts rose from previous 0.774M to 0.805M in February

08:00 Japan Construction Orders (YoY) declined to -3.3% in February from previous 12.2%
Japan Construction Orders (YoY) declined to -3.3% in February from previous 12.2%

07:52 Gold price climbs beyond $3,100, sets fresh record high amid trade woes
Gold price (XAU/USD) attracts strong follow-through buying for the third consecutive day and climbs beyond the $3,100 mark, hitting a fresh all-time peak during the Asian session on Monday.

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Overbought conditions on the daily chart now warrant some caution for bullish traders. Gold price (XAU/USD) attracts strong follow-through buying for the third consecutive day and climbs beyond the $3,100 mark, hitting a fresh all-time peak during the Asian session on Monday. Worries over US President Donald Trump's reciprocal tariffs, due to be announced on Wednesday, and their impact on the global economy continue to weigh on investors' sentiment. Apart from this, persistent geopolitical risks drive safe-haven flows toward the precious metal and remain supportive of the positive move. Meanwhile, the US Dollar (USD) selling remains unabated for the third straight day on the back of expectations that the Federal Reserve (Fed) will resume its rate-cutting cycle soon amid a tariff-drive US economic slowdown. This overshadows Friday data, pointing to signs of rising inflation in the US, and turns out to be another factor underpinning the non-yielding Gold price. The XAU/USD bulls, however, could pause for a breather amid overbought conditions, warranting caution before positioning for further gains. Daily Digest Market Movers: Gold price continues to scale higher as trade jitters boost safe-haven demand US President Donald Trump rattled markets last week by imposing a 25% levies on all non-American cars and light trucks ahead of the so-called reciprocal tariffs set to take effect on April 2. Adding to this, the Wall Street Journal reported on Sunday that the Trump administration is considering higher trade tariffs against a broader range of countries, pushing the safe-haven Gold price to a fresh record high during the Asian session on Monday. Trump said on Sunday that he was very angry and pissed off at Russian President Vladimir Putin, and threatened massive tariffs on Russian oil and potential bombings in Iran. Trump also lashed out at Ukrainian President Volodymyr Zelenskiy and warned that he would face big problems if he backed out of the critical rare earth minerals deal. This further weighs on investors' sentiment and contributes to the global flight to safety. Meanwhile, US data released on Friday showed that the Personal Consumption Expenditures (PCE) Price Index rose 0.3% in February and 2.5% from a year ago – in line with market expectations. However, the core gauge, which excludes volatile food and energy prices, showed a 0.4% increase for the month. This marked the biggest monthly gain since January 2024 and lifted the 12-month inflation rate to 2.8% during the reported month. Additional details revealed that Consumer Spending accelerated 0.4% following a downwardly revised 0.3% fall in January, while Personal Income posted a 0.8% rise during the reported month. Separately, a survey from the University of Michigan showed that consumers' 12-month inflation expectations soared to the highest level in nearly 2-1/2 years in March, which further benefits the precious metal's hedge against rising prices. This comes on top of persistent worries about slowing US economic growth and fuels stagflation fears, dragging the US Dollar lower for the third straight day and further offering support to the XAU/USD pair. The commodity reacts little to China's official Purchasing Managers' Index (PMI), which showed that the Manufacturing PMI edged higher to 50.5 while the Non-Manufacturing PMI jumped to 50.8 in March. Traders now look forward to this week's important US macro releases scheduled at the beginning of a new month, including the closely-watched Nonfarm Payrolls (NFP) report on Friday. In the meantime, overbought conditions might hold back bulls from placing fresh bets and cap the yellow metal. The fundamental backdrop, however, suggests that the path of least resistance for the commodity remains to the upside. Gold price needs to consolidate amid overbought conditions before traders start positioning for further gains From a technical perspective, Friday's sustained breakout above the previous all-time peak, around the $3,057-3,058 region, was seen as a fresh trigger for bullish traders. That said, the Relative Strength Index (RSI) on the daily chart remains above the 70 mark for the third straight day and points to overstretched conditions. Hence, it will be prudent to wait for some near-term consolidation or a modest pullback before positioning for an extension of the recent well-established uptrend witnessed over the past three months or so. Meanwhile, any corrective pullback below the Asian session low, around the $3,076 area, now seems to find decent support near the aforementioned resistance breakpoint. This is followed by the $3,036-3,035 support zone, below which the Gold price could accelerate the slide back towards retesting the $3,000 psychological mark. The latter should act as a key pivotal point, which if broken decisively might shift the near-term bias in favor of bearish traders and pave the way for deeper losses. Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Who buys the most Gold? Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. How is Gold correlated with other assets? Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal. What does the price of Gold depend on? The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

07:41 NZD/USD weakens to near 0.5700 as Trump’s tariffs loom
The NZD/USD pair edges lower to around 0.5705 during the Asian trading hours on Monday.

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Trump is set to announce new "reciprocal" tariffs on Wednesday to tackle perceived trade imbalances, potentially adding more tariffs on Chinese goods. Trump has already placed a total of 20% tariffs on all Chinese imports since taking office in January, blaming Beijing for failing to do enough to curb the flow of chemicals used to make the deadly drug fentanyl into the US. Escalating trade tensions between the US and China might exert some selling pressure on the Kiwi, as China is a major trading partner to New Zealand.

The encouraging Chinese economic data might help limit the NZD’s losses. Data released by China’s National Bureau of Statistics (NBS) on Monday showed that the country’s Manufacturing Purchasing Managers' Index (PMI) rose to 50.5 in March from 50.2 in February. The reading came in line with the market consensus. Additionally, the Non-Manufacturing PMI improved to 50.8 in March from the previous reading of 50.4, better than the estimation of 50.5.

Furthermore, the Chinese government has pledged more fiscal stimulus, increased debt issuance and further monetary easing. China’s finance ministry will also inject 500 billion yuan ($69 billion) into four of the nation’s largest state banks following through on Beijing’s earlier effort to strengthen the financial sector. New Zealand Dollar FAQs What key factors drive the New Zealand Dollar? The New Zealand Dollar (NZD), also known as the Kiwi, is a well-known traded currency among investors. Its value is broadly determined by the health of the New Zealand economy and the country’s central bank policy. Still, there are some unique particularities that also can make NZD move. The performance of the Chinese economy tends to move the Kiwi because China is New Zealand’s biggest trading partner. Bad news for the Chinese economy likely means less New Zealand exports to the country, hitting the economy and thus its currency. Another factor moving NZD is dairy prices as the dairy industry is New Zealand’s main export. High dairy prices boost export income, contributing positively to the economy and thus to the NZD. How do decisions of the RBNZ impact the New Zealand Dollar? The Reserve Bank of New Zealand (RBNZ) aims to achieve and maintain an inflation rate between 1% and 3% over the medium term, with a focus to keep it near the 2% mid-point. To this end, the bank sets an appropriate level of interest rates. When inflation is too high, the RBNZ will increase interest rates to cool the economy, but the move will also make bond yields higher, increasing investors’ appeal to invest in the country and thus boosting NZD. On the contrary, lower interest rates tend to weaken NZD. The so-called rate differential, or how rates in New Zealand are or are expected to be compared to the ones set by the US Federal Reserve, can also play a key role in moving the NZD/USD pair. How does economic data influence the value of the New Zealand Dollar? Macroeconomic data releases in New Zealand are key to assess the state of the economy and can impact the New Zealand Dollar’s (NZD) valuation. A strong economy, based on high economic growth, low unemployment and high confidence is good for NZD. High economic growth attracts foreign investment and may encourage the Reserve Bank of New Zealand to increase interest rates, if this economic strength comes together with elevated inflation. Conversely, if economic data is weak, NZD is likely to depreciate. How does broader risk sentiment impact the New Zealand Dollar? The New Zealand Dollar (NZD) tends to strengthen during risk-on periods, or when investors perceive that broader market risks are low and are optimistic about growth. This tends to lead to a more favorable outlook for commodities and so-called ‘commodity currencies’ such as the Kiwi. Conversely, NZD tends to weaken at times of market turbulence or economic uncertainty as investors tend to sell higher-risk assets and flee to the more-stable safe havens.

06:11 USD/CAD consolidates in a range above 1.4300 mark amid mixed cues
The USD/CAD pair struggles to capitalize on its modest bounce from the monthly low touched last Wednesday and kicks off the new week on a subdued note amid mixed cues.

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Fed rate cut bets and concerns about a slowing economy continue to weigh on the Greenback.Subdued Crude Oil prices undermine the Loonie and support the pair amid the risk-off mood. The USD/CAD pair struggles to capitalize on its modest bounce from the monthly low touched last Wednesday and kicks off the new week on a subdued note amid mixed cues. Spot prices, however, hold above the 100-day Simple Moving Average (SMA) pivotal support and currently trade around the 1.4300 mark, nearly unchanged for the day. The US Dollar (USD) selling bias remains unabated for the third successive day on Monday as the uncertainty over US President Donald Trump's aggressive trade policies continues to fuel worries about a tariff-driven US economic slowdown. This remains supportive of the growing market acceptance that the Federal Reserve (Fed) could resume its rate-cutting cycle and keep the USD bulls on the defensive, which, in turn, acts as a headwind for the USD/CAD pair. Meanwhile, the USD bulls largely shrug off signs of rising inflation in the US. In fact, the US Personal Consumption Expenditure (PCE) Price Index showed on Friday that the core gauge that excludes volatile food and energy prices rose 0.4% in February, marking the biggest monthly gain since January 2024 and lifting the yearly rate to 2.8%. Moreover, the University of Michigan's 12-month inflation expectations soared to the highest level in nearly 2-1/2 years in March. However, the prevalent risk-off environment, ahead of US President Donald Trump's reciprocal tariffs due to be announced on Wednesday, helps limit the downside for the safe-haven Greenback. Trump last week rattled markets by imposing a 25% tariff on all non-American cars and light trucks. Adding to this, a report over the weekend said that Trump will consider higher tariffs against a broader range of countries, which will take effect from April 2. Furthermore, hopes for a Ukraine peace deal keep Crude Oil prices below a multi-week high touched last Wednesday, which further seems to undermine the commodity-linked Loonie and lend some support to the USD/CAD pair. This, in turn, warrants some caution before positioning for the resumption of the currency pair's recent well-established downtrend from the vicinity of mid-1.4500s, or the monthly swing high touched on March 4. Canadian Dollar FAQs What key factors drive the Canadian Dollar? The key factors driving the Canadian Dollar (CAD) are the level of interest rates set by the Bank of Canada (BoC), the price of Oil, Canada’s largest export, the health of its economy, inflation and the Trade Balance, which is the difference between the value of Canada’s exports versus its imports. Other factors include market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – with risk-on being CAD-positive. As its largest trading partner, the health of the US economy is also a key factor influencing the Canadian Dollar. How do the decisions of the Bank of Canada impact the Canadian Dollar? The Bank of Canada (BoC) has a significant influence on the Canadian Dollar by setting the level of interest rates that banks can lend to one another. This influences the level of interest rates for everyone. The main goal of the BoC is to maintain inflation at 1-3% by adjusting interest rates up or down. Relatively higher interest rates tend to be positive for the CAD. The Bank of Canada can also use quantitative easing and tightening to influence credit conditions, with the former CAD-negative and the latter CAD-positive. How does the price of Oil impact the Canadian Dollar? The price of Oil is a key factor impacting the value of the Canadian Dollar. Petroleum is Canada’s biggest export, so Oil price tends to have an immediate impact on the CAD value. Generally, if Oil price rises CAD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Oil falls. Higher Oil prices also tend to result in a greater likelihood of a positive Trade Balance, which is also supportive of the CAD. How does inflation data impact the value of the Canadian Dollar? While inflation had always traditionally been thought of as a negative factor for a currency since it lowers the value of money, the opposite has actually been the case in modern times with the relaxation of cross-border capital controls. Higher inflation tends to lead central banks to put up interest rates which attracts more capital inflows from global investors seeking a lucrative place to keep their money. This increases demand for the local currency, which in Canada’s case is the Canadian Dollar. How does economic data influence the value of the Canadian Dollar? Macroeconomic data releases gauge the health of the economy and can have an impact on the Canadian Dollar. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the CAD. A strong economy is good for the Canadian Dollar. Not only does it attract more foreign investment but it may encourage the Bank of Canada to put up interest rates, leading to a stronger currency. If economic data is weak, however, the CAD is likely to fall.

05:44 Japanese Yen advances to one-week high against USD amid the risk-off mood
The Japanese Yen (JPY) strengthens against its American counterpart for the second consecutive day on Monday and hits a one-week high during the Asian session on Monday.

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Firming BoJ rate hike expectations and the risk-off mood benefit the safe-haven JPY. Recession fears weigh on the USD, which further exerts downward pressure on USD/JPY.The Japanese Yen (JPY) strengthens against its American counterpart for the second consecutive day on Monday and hits a one-week high during the Asian session on Monday. The global risk sentiment continues to be weighed down by concerns about US President Donald Trump’s so-called reciprocal tariffs on April 2 and geopolitical risks, which turn out to be key factors driving flows towards the safe-haven JPY. Meanwhile, Friday's strong consumer inflation figures from Tokyo – Japan's capital city – reaffirmed bets that the Bank of Japan (BoJ) could raise interest rates in May. This marks a big divergence in comparison to the growing market acceptance that the Federal Reserve (Fed) will resume its rate-cutting cycle soon amid a tariff-driven US economic slowdown and provide an additional boost to the lower-yielding JPY. Japanese Yen benefits from global flight to safety amid rising trade tensions and BoJ rate hike bets US President Donald Trump rattled markets last week by imposing a 25% tariff on all non-American cars. Moreover, a report over the weekend said that Trump will consider higher tariffs against a broader range of countries, which will take effect from April 2. This comes on top of worries about slowing economic growth and continues to weigh on investors' sentiment, driving safe-haven flows toward the Japanese Yen. Trump said on Sunday that he was pissed off at Russian President Vladimir Putin and would impose secondary tariffs of 25% to 50% on buyers of Russian oil if he feels Moscow is blocking his efforts to end the war in Ukraine. Adding to this, Trump warned that Ukrainian President Volodymyr Zelenskiy would face big problems as he is trying to back out of the critical rare earth minerals deal. Data released on Friday showed that consumer inflation in Tokyo – Japan's capital city – remained above the Bank of Japan's 2% annual target and backs the case for further interest rate hikes. Adding to this, BoJ's Summary of Opinions from the March meeting revealed a consensus to continue raising rates if the economy and prices move in line with the forecast, keeping hopes alive for more interest rate hikes this year. From the US, the Commerce Department reported that the Personal Consumption Expenditures (PCE) Price Index rose 0.3% in February and 2.5% from a year ago, both in line with market expectations. However, the core gauge, which excludes volatile food and energy prices, showed a 0.4% increase for the month – marking the biggest monthly gain since January 2024 and pushing the 12-month inflation rate at 2.8%. Additional details revealed that Consumer Spending accelerated 0.4% following a downwardly revised 0.3% fall in January, while Personal Income posted a 0.8% rise during the reported month. Separately, a survey from the University of Michigan showed that consumers' 12-month inflation expectations soared to the highest level in nearly 2-1/2 years in March, stocking stagflation fears and undermining the US Dollar. The markets reacted little to the official data released by the National Bureau of Statistics (NBS), which showed that China’s Manufacturing Purchasing Managers' Index (PMI) edged higher to 50.5 in March from 50.2 previous. Furthermore, the NBS Non-Manufacturing PMI jumped to 50.8 in March versus February’s 50.4 reading. Japanese Finance Minister Katsunobu Kato said this Monday that they agree with the US that excessive moves on forex are undesirable. This, however, does little to dent a strong bullish sentiment surrounding the JPY or hinder the USD/JPY pair's fall to the 149.00 mark. Traders now look to this week's US macro data scheduled at the start of a new month, including the Nonfarm Payrolls (NFP) report, for a fresh impetus. USD/JPY decline could accelerate once the 149.00 confluence support is broken decisively From a technical perspective, the 149.00 round figure represents the 100-day Simple Moving Average (SMA) on the 4-hour chart and nears the 50% retracement level of the recent move up from the multi-month low. Given that oscillators on hourly/daily charts are holding in negative territory, a convincing break below will be seen as a fresh trigger for bearish traders and pave the way for deeper losses. The USD/JPY pair might then accelerate the downfall towards the 61.8% Fibonacci retracement level, around the 148.35 region, before dropping to the 148.00 mark en route to the next relevant support near the 147.70 area. On the flip side, the 38.2% Fibo., around the 149.45 region, now seems to act as an immediate hurdle, above which a bout of a short-covering could allow the USD/JPY pair to reclaim the 150.00 psychological mark. A sustained strength beyond the latter will suggest that the corrective pullback from a multi-week high touched on Friday has run its course and pave the way for further gains. Spot prices might then surpass the 150.60-150.65 intermediate hurdle and climb to the 151.00 mark before aiming to retest the monthly swing high, around the 151.30 region. Japanese Yen FAQs What key factors drive the Japanese Yen? The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. How do the decisions of the Bank of Japan impact the Japanese Yen? One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen. How does the differential between Japanese and US bond yields impact the Japanese Yen? Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential. How does broader risk sentiment impact the Japanese Yen? The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen’s value against other currencies seen as more risky to invest in.

05:36 GBP/USD attracts some buyers above 1.2950 on weaker US Dollar
The GBP/USD pair gathers strength to near 1.2965 during the Asian trading hours on Monday.

05:27 Gold price conquers $3,100 for the first time ever on tariff war fears
The record rally in Gold price remains unabated as buyers conquer the $3,100 threshold for the time on record. Heightening fears of a potential global trade war and stagflation in the United States (US) intensify safe-haven demand for the traditional store of value, Gold.

The record rally in Gold price remains unabated as buyers conquer the $3,100 threshold for the time on record. Heightening fears of a potential global trade war and stagflation in the United States (US) intensify safe-haven demand for the traditional store of value, Gold.developing story ....

04:56 Japan’s Kato: Have agreed with the US that excessive moves on forex are undesirable
Japanese Finance Minister Katsunobu Kato said on Monday, they “have agreed with the US that excessive moves on forex are undesirable.”

04:40 Australian Dollar climbs after upbeat Chinese PMI data
The Australian Dollar (AUD) recovers some lost ground on Monday, bolstered by the upbeat Chinese economic data.

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}The Australian Dollar gains ground in Monday’s early Asian session. China's NBS Manufacturing PMI rose to 50.5 in March; Non-Manufacturing PMI climbed to 50.8. The RBA interest rate decision and US ISM Manufacturing PMI will be the highlights on Tuesday. The Australian Dollar (AUD) recovers some lost ground on Monday, bolstered by the upbeat Chinese economic data. The latest data released on Monday showed that China’s NBS Manufacturing Purchasing Managers' Index (PMI) rose to 50.5 in March, compared to 50.2 in February. The reading came in line with the market consensus. Meanwhile, the NBS Non-Manufacturing PMI improved to 50.8 in March versus 50.4 prior and stronger than the 50.5 expected.

However, the upside for the pair might be limited due to global trade concerns ahead of a planned announcement on Wednesday by US President Donald Trump on reciprocal tariffs. Looking ahead, investors will closely monitor the Reserve Bank of Australia (RBA) interest rate decision on Tuesday. The Australian central bank is set to keep interest rates unchanged at the April meeting as it waits out an election campaign fought on cost-of-living issues and girds for the economic impact of a US-driven upheaval in global trade. On the US docket, the ISM Manufacturing PMI for March will be released later on Tuesday. Australian Dollar gains traction ahead of RBA rate decision Economists surveyed by Bloomberg anticipate the RBA will stand pat at 4.1% and stick with a cautious stance after easing for the first time in four years last month. The US Personal Consumption Expenditures (PCE) Price Index, rose 2.5% YoY in February, the US Bureau of Economic Analysis reported on Friday. This reading matched the market expectation and January's reading. The core PCE Price Index, which excludes volatile food and energy prices, jumped 2.8% on a yearly basis in February, above the estimation and January's increase of 2.7% (revised from 2.6%). On a monthly basis, the PCE Price Index and the core PCE Price Index increased 0.3% and 0.4%, respectively. The US Personal Income increased by 0.8% on a monthly basis in February, while Personal Spending rose by 0.4% during the same reported period. Swaps traders continued to price in about two quarter-point rate cuts this year, with the first seen coming in July, according to the CME FedWatch tool. San Francisco Fed President Mary Daly said on Friday that she expects two rate cuts this year, but with robust economic indicators, policymakers can hold off on cutting rates until they evaluate how businesses adapt to tariff costs. Australian Dollar remains stuck within a symmetrical triangle pattern, but bearish outlook remains in place AUD/USD trades in positive territory on the day. The pair remains capped within the symmetrical triangle pattern on the daily timeframe. The bearish bias remains intact, characterized by the price holding below the key 100-day Exponential Moving Average (EMA). Nonetheless, further consolidation cannot be ruled out as the 14-day Relative Strength Index (RSI) hovers around the midline, indicating neutral momentum in the near term.

The first upside barrier for AUD/USD emerges at 0.6330, the high of March 26. A strong move above this level could see a rally to 0.6355, the 100-day EMA. Further north, the next hurdle is seen at 0.6375, the upper boundary of the symmetrical triangle pattern.

On the downside, the low of March 24 at 0.6262 acts as an initial support level for the pair. If bearish momentum builds under the mentioned level, it could trigger more selling and drag AUD/USD down toward 0.6225, the lower limit of the triangle pattern. The additional downside filter to watch is 0.6186, the low of March 4. Australian Dollar FAQs What key factors drive the Australian Dollar? One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD. How do the decisions of the Reserve Bank of Australia impact the Australian Dollar? The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs. How does the price of Iron Ore impact the Australian Dollar? Iron Ore is Australia’s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD. How does the Trade Balance impact the Australian Dollar? The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.

04:33 China's March NBS Manufacturing PMI rises to 50.5, Non-Manufacturing PMI jumps to 50.8
China’s Manufacturing Purchasing Managers' Index (PMI) edged higher to 50.5 in March from 50.2 in February, the official data released by the National Bureau of Statistics (NBS) showed on Monday.

04:31 China NBS Non-Manufacturing PMI above forecasts (50.5) in March: Actual (50.8)
China NBS Non-Manufacturing PMI above forecasts (50.5) in March: Actual (50.8)

04:31 China NBS Manufacturing PMI meets forecasts (50.5) in March
China NBS Manufacturing PMI meets forecasts (50.5) in March

04:15 PBOC sets USD/CNY reference rate at 7.1782 vs. 7.1752 previous
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1782 as compared to Friday's fix of 7.1752 and 7.2593 Reuters estimate.

03:48 EUR/USD looks to build on recovery from multi-week low; holds steady below mid-1.0800s
The EUR/USD pair attracts some dip-buyers following an Asian session dip to the 1.0800 neighborhood and looks to build on its bounce from a multi-week low touched last Thursday.

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Friday’s US PCE data fueled stagflation fears and continues to weigh on the buck.Trade war fears could limit USD losses and cap the pair ahead of German CPI.The EUR/USD pair attracts some dip-buyers following an Asian session dip to the 1.0800 neighborhood and looks to build on its bounce from a multi-week low touched last Thursday. The uptick, however, lacks bullish conviction, with spot prices currently trading near the 1.0835 region, unchanged for the day. The US Dollar (USD) remains under some selling pressure for the third straight day amid the risk of stagflation in the US and turns out to be a key factor acting as a tailwind for the EUR/USD pair. The USD bulls seem rather unimpressed by signs of rising inflation, which might hold back the Federal Reserve (Fed) from resuming its rate-cutting cycle in June. In fact, the US Personal Consumption Expenditure (PCE) Price Index released on Friday showed that the core gauge that excludes volatile food and energy prices rose 0.4% in February, marking the biggest monthly gain since January 2024 and lifting the yearly rate to 2.8%. Adding to this, the University of Michigan survey showed that 12-month inflation expectations soared to the highest level in nearly 2-1/2 years during March. This overshadowed Consumer Spending data, which accelerated 0.4% last month after a downwardly revised 0.3% decline in January. This comes on top of the uncertainty over US President Donald Trump's trade policies and should allow the Fed to adopt a ‘wait-and-see’ approach towards easing monetary policy further. The outlook, however, does little to provide any meaningful impetus to the Greenback or exert any downward pressure on the EUR/USD pair. The shared currency, on the other hand, seems to draw support from easing EU-US trade war concerns. In fact, the European Commission (EC) signaled that it has prepared concessions for the US to escape Trump's so-called reciprocal tariffs, which he will announce on Wednesday. However, the prevalent risk-off mood could offer some support to the safe-haven buck and cap the upside for the EUR/USD pair. Traders now look forward to the release of the prelim German consumer inflation figures for some impetus. The fundamental backdrop, meanwhile, supports prospects for a further appreciating move for the pair. Economic Indicator Consumer Price Index (YoY) The Consumer Price Index (CPI), released by the German statistics office Destatis on a monthly basis, measures the average price change for all goods and services purchased by households for consumption purposes. The CPI is the main indicator to measure inflation and changes in purchasing trends. The YoY reading compares prices in the reference month to a year earlier. Generally, a high reading is bullish for the Euro (EUR), while a low reading is bearish. Read more. Next release: Mon Mar 31, 2025 12:00 (Prel)Frequency: MonthlyConsensus: -Previous: 2.3%Source: Federal Statistics Office of Germany

03:32 Australia Private Sector Credit (YoY) remains unchanged at 6.5% in February
Australia Private Sector Credit (YoY) remains unchanged at 6.5% in February

03:30 Australia Private Sector Credit (MoM) meets expectations (0.5%) in February
Australia Private Sector Credit (MoM) meets expectations (0.5%) in February

03:18 Gold Price Forecast: XAU/USD rises to near record high below $3,100 amid global uncertainty
The Gold price (XAU/USD) gains momentum to around $3,090 during the early Asian session on Monday.

03:02 Japan Retail Trade s.a (MoM) remains unchanged at 0.5% in February
Japan Retail Trade s.a (MoM) remains unchanged at 0.5% in February

03:00 New Zealand ANZ Business Confidence: 57.5 (March) vs previous 58.4
New Zealand ANZ Business Confidence: 57.5 (March) vs previous 58.4

02:54 Japan Large Retailer Sales: 2% (February) vs previous 4%
Japan Large Retailer Sales: 2% (February) vs previous 4%

02:51 Japan Industrial Production (YoY) declined to 0.3% in February from previous 2.2%
Japan Industrial Production (YoY) declined to 0.3% in February from previous 2.2%

02:50 US President Donald Trump weighs broader, higher tariffs - WSJ
US President Donald Trump's administration is hurrying to determine the specifics of its new tariff agenda ahead of its self-imposed deadline of Wednesday, considering possibilities after promising to remake the American economy with a slew of new levies, the WSJ citing unnamed sources.

02:50 Japan Retail Trade (YoY) came in at 1.4%, below expectations (2%) in February
Japan Retail Trade (YoY) came in at 1.4%, below expectations (2%) in February

02:50 Japan Industrial Production (MoM) came in at 2.5%, above expectations (2.3%) in February
Japan Industrial Production (MoM) came in at 2.5%, above expectations (2.3%) in February

02:30 US President Donald Trump threatens tariffs on Russian oil if Moscow blocks Ukraine deal
US President Donald Trump said on Sunday that he was "pissed off" at Russian President Vladimir Putin and would impose secondary tariffs of 25% to 50% on buyers of Russian oil if he feels Moscow is blocking his efforts to end the war in Ukraine.

02:12 AUD/USD edges lower below 0.6300 on global trade concerns
The AUD/USD pair trades in negative territory near 0.6280 during the early Asian session on Monday.

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Last week, Trump issued an order imposing a 25% tariff on auto imports, exacerbating global trade tensions. These aggressive trade measures are expected to strain ties with key trading partners, even before his proposed retaliatory tariffs on April 2. The fears of escalating trade tensions exert some selling pressure on the Aussie against the US Dollar (USD).

On the other hand, fresh stimulus measures from China could boost China-proxy Aussie, as China is a major trading partner with Australia. China’s finance ministry stated that it will inject 500 billion yuan ($69 billion) into four of the nation’s largest state banks, following through on Beijing’s earlier effort to strengthen the financial sector, per Bloomberg.

The US core Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred inflation, rose 0.4% MoM in February, compared to 0.3% in January, the Bureau of Economic Analysis reported Friday. On an annual basis, the core PCE climbed 2.8% in February versus 2.7% prior (revised from 2.6%).

The report indicated sticky inflation in the US economy. However, his aggressive trade policy could raise concerns that the economy may fall into stagflation or even recession, which might weigh on the Greenback. Swaps traders continued to price in about two quarter-point rate cuts this year, with the first seen coming in July, according to the CME FedWatch tool. Australian Dollar FAQs What key factors drive the Australian Dollar? One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD. How do the decisions of the Reserve Bank of Australia impact the Australian Dollar? The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs. How does the price of Iron Ore impact the Australian Dollar? Iron Ore is Australia’s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD. How does the Trade Balance impact the Australian Dollar? The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.

02:00 South Korea Industrial Output Growth above forecasts (0.8%) in February: Actual (1%)
South Korea Industrial Output Growth above forecasts (0.8%) in February: Actual (1%)

02:00 South Korea Service Sector Output: 0.5% (February) vs -0.8%
South Korea Service Sector Output: 0.5% (February) vs -0.8%

02:00 South Korea Industrial Output (YoY) registered at 7% above expectations (2%) in February
South Korea Industrial Output (YoY) registered at 7% above expectations (2%) in February

01:38 China to inject $69 billion into four big banks to strengthen financial sector
China’s finance ministry will inject 500 billion yuan ($69 billion) into four of the nation’s largest state banks, following through on Beijing’s earlier effort to strengthen the financial sector, per Bloomberg.

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Forex News Timeline

11:31 United Kingdom M4 Money Supply (YoY) fell from previous 4.1% to 3.8% in February United Kingdom M4 Money Supply (YoY) fell from previous 4.1% to 3.8% in February

11:31 United Kingdom Net Lending to Individuals (MoM) came in at £4.6B, below expectations (£4.9B) in February United Kingdom Net Lending to Individuals (MoM) came in at £4.6B, below expectations (£4.9B) in February

11:30 United Kingdom M4 Money Supply (MoM) fell from previous 1.3% to 0.2% in February United Kingdom M4 Money Supply (MoM) fell from previous 1.3% to 0.2% in February

11:30 United Kingdom Mortgage Approvals came in at 65.481K below forecasts (66K) in February United Kingdom Mortgage Approvals came in at 65.481K below forecasts (66K) in February

11:30 United Kingdom Consumer Credit fell from previous £1.74B to £1.358B in February United Kingdom Consumer Credit fell from previous £1.74B to £1.358B in February

11:23 EUR/USD flattens ahead of Trump’s planned reciprocal tariff announcement EUR/USD trades sideways around 1.0830 in Monday’s European session.

11:12 ECB’s Panetta: The fight against inflation cannot be considered over European Central Bank (ECB) policymaker Fabio Panetta said on Monday, “the fight against inflation cannot be considered over.”

11:06 Germany Baden-Wuerttemberg CPI (YoY) declined to 2.2% in March from previous 2.5% Germany Baden-Wuerttemberg CPI (YoY) declined to 2.2% in March from previous 2.5%

11:06 Germany Baden-Wuerttemberg CPI (MoM) down to 0.2% in March from previous 0.5% Germany Baden-Wuerttemberg CPI (MoM) down to 0.2% in March from previous 0.5%

11:04 Germany Hesse CPI (YoY) increased to 2.4% in March from previous 2.3% Germany Hesse CPI (YoY) increased to 2.4% in March from previous 2.3%

11:04 Germany Hesse CPI (MoM) rose from previous 0.3% to 0.4% in March Germany Hesse CPI (MoM) rose from previous 0.3% to 0.4% in March

11:03 Spain Current Account Balance dipped from previous €1.3B to €1.2B in January Spain Current Account Balance dipped from previous €1.3B to €1.2B in January

11:02 Germany Saxony CPI (MoM) climbed from previous 0.3% to 0.6% in March Germany Saxony CPI (MoM) climbed from previous 0.3% to 0.6% in March

11:02 Germany Saxony CPI (YoY): 2.5% (March) vs 2.3% Germany Saxony CPI (YoY): 2.5% (March) vs 2.3%

11:01 Germany North Rhine-Westphalia CPI (YoY) unchanged at 1.9% in March Germany North Rhine-Westphalia CPI (YoY) unchanged at 1.9% in March

11:00 Germany North Rhine-Westphalia CPI (MoM) down to 0.3% in March from previous 0.4% Germany North Rhine-Westphalia CPI (MoM) down to 0.3% in March from previous 0.4%

11:00 Germany Brandenburg CPI (YoY): 2.3% (March) Germany Brandenburg CPI (YoY): 2.3% (March)

11:00 Germany Brandenburg CPI (MoM) fell from previous 0.6% to 0.4% in March Germany Brandenburg CPI (MoM) fell from previous 0.6% to 0.4% in March

11:00 Germany Bavaria CPI (YoY): 2.3% (March) vs previous 2.4% Germany Bavaria CPI (YoY): 2.3% (March) vs previous 2.4%

11:00 Germany Bavaria CPI (MoM): 0.3% (March) vs previous 0.4% Germany Bavaria CPI (MoM): 0.3% (March) vs previous 0.4%

10:19 Lagarde speech: We're almost at our inflation target European Central Bank (ECB) President Christine Lagarde said on Monday that “we're almost at our inflation target.”

10:01 EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session Indian Rupee (INR) crosses trade on the front foot at the beginning of Monday, according to FXStreet data.

09:57 USD/CHF extends downside below 0.8800 amid trade war concerns The USD/CHF pair extends the decline to around 0.8790 during the early European session on Monday, pressured by the weaker US Dollar (USD).

09:49 South Africa Private Sector Credit fell from previous 4.59% to 3.68% in February South Africa Private Sector Credit fell from previous 4.59% to 3.68% in February

09:34 Forex Today: Tariff fears lift Gold to new record peak Here is what you need to know on Monday, March 31:

09:03 German Retail Sales leap 4.9% YoY in February vs. 2.9% previous Retail Sales in Germany rose 0.8% month-over-month (MoM) in February, following the 0.2% increase recorded in January, according to official data released by Destatis on Monday.

09:01 Germany Retail Sales (YoY) rose from previous 2.9% to 4.9% in February Germany Retail Sales (YoY) rose from previous 2.9% to 4.9% in February

09:00 Germany Retail Sales (MoM) came in at 0.8%, above expectations (0%) in February Germany Retail Sales (MoM) came in at 0.8%, above expectations (0%) in February

09:00 Germany Import Price Index (YoY) climbed from previous 3.1% to 3.6% in February Germany Import Price Index (YoY) climbed from previous 3.1% to 3.6% in February

09:00 Germany Import Price Index (MoM) above expectations (-0.1%) in February: Actual (0.3%) Germany Import Price Index (MoM) above expectations (-0.1%) in February: Actual (0.3%)

09:00 South Africa Private Sector Credit: 4.59% (February) South Africa Private Sector Credit: 4.59% (February)

08:55 Silver Price Forecast: XAG/USD climbs above $34.00 as Trump’s tariffs boost safe-haven demand The Silver price (XAG/USD) attracts some buyers to around $34.35 during the early European session on Monday.

08:31 WTI consolidates below $69.00; traders seem non-committed amid mixed cues West Texas Intermediate (WTI) US Crude Oil prices attract some sellers following an Asian session uptick to mid-$69.00s, albeit the downtick lacks bearish conviction.

08:04 Japan Housing Starts (YoY) registered at 2.4% above expectations (-1.4%) in February Japan Housing Starts (YoY) registered at 2.4% above expectations (-1.4%) in February

08:04 Japan Annualized Housing Starts rose from previous 0.774M to 0.805M in February Japan Annualized Housing Starts rose from previous 0.774M to 0.805M in February

08:00 Japan Construction Orders (YoY) declined to -3.3% in February from previous 12.2% Japan Construction Orders (YoY) declined to -3.3% in February from previous 12.2%

07:52 Gold price climbs beyond $3,100, sets fresh record high amid trade woes Gold price (XAU/USD) attracts strong follow-through buying for the third consecutive day and climbs beyond the $3,100 mark, hitting a fresh all-time peak during the Asian session on Monday.

07:41 NZD/USD weakens to near 0.5700 as Trump’s tariffs loom The NZD/USD pair edges lower to around 0.5705 during the Asian trading hours on Monday.

06:11 USD/CAD consolidates in a range above 1.4300 mark amid mixed cues The USD/CAD pair struggles to capitalize on its modest bounce from the monthly low touched last Wednesday and kicks off the new week on a subdued note amid mixed cues.

05:44 Japanese Yen advances to one-week high against USD amid the risk-off mood The Japanese Yen (JPY) strengthens against its American counterpart for the second consecutive day on Monday and hits a one-week high during the Asian session on Monday.

05:36 GBP/USD attracts some buyers above 1.2950 on weaker US Dollar The GBP/USD pair gathers strength to near 1.2965 during the Asian trading hours on Monday.

04:56 Japan’s Kato: Have agreed with the US that excessive moves on forex are undesirable Japanese Finance Minister Katsunobu Kato said on Monday, they “have agreed with the US that excessive moves on forex are undesirable.”

04:40 Australian Dollar climbs after upbeat Chinese PMI data The Australian Dollar (AUD) recovers some lost ground on Monday, bolstered by the upbeat Chinese economic data.

04:33 China's March NBS Manufacturing PMI rises to 50.5, Non-Manufacturing PMI jumps to 50.8 China’s Manufacturing Purchasing Managers' Index (PMI) edged higher to 50.5 in March from 50.2 in February, the official data released by the National Bureau of Statistics (NBS) showed on Monday.

04:31 China NBS Non-Manufacturing PMI above forecasts (50.5) in March: Actual (50.8) China NBS Non-Manufacturing PMI above forecasts (50.5) in March: Actual (50.8)

04:31 China NBS Manufacturing PMI meets forecasts (50.5) in March China NBS Manufacturing PMI meets forecasts (50.5) in March

04:15 PBOC sets USD/CNY reference rate at 7.1782 vs. 7.1752 previous On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1782 as compared to Friday's fix of 7.1752 and 7.2593 Reuters estimate.

03:48 EUR/USD looks to build on recovery from multi-week low; holds steady below mid-1.0800s The EUR/USD pair attracts some dip-buyers following an Asian session dip to the 1.0800 neighborhood and looks to build on its bounce from a multi-week low touched last Thursday.

03:32 Australia Private Sector Credit (YoY) remains unchanged at 6.5% in February Australia Private Sector Credit (YoY) remains unchanged at 6.5% in February

03:30 Australia Private Sector Credit (MoM) meets expectations (0.5%) in February Australia Private Sector Credit (MoM) meets expectations (0.5%) in February

03:18 Gold Price Forecast: XAU/USD rises to near record high below $3,100 amid global uncertainty The Gold price (XAU/USD) gains momentum to around $3,090 during the early Asian session on Monday.

03:02 Japan Retail Trade s.a (MoM) remains unchanged at 0.5% in February Japan Retail Trade s.a (MoM) remains unchanged at 0.5% in February

03:00 New Zealand ANZ Business Confidence: 57.5 (March) vs previous 58.4 New Zealand ANZ Business Confidence: 57.5 (March) vs previous 58.4

02:54 Japan Large Retailer Sales: 2% (February) vs previous 4% Japan Large Retailer Sales: 2% (February) vs previous 4%

02:51 Japan Industrial Production (YoY) declined to 0.3% in February from previous 2.2% Japan Industrial Production (YoY) declined to 0.3% in February from previous 2.2%

02:50 Japan Retail Trade (YoY) came in at 1.4%, below expectations (2%) in February Japan Retail Trade (YoY) came in at 1.4%, below expectations (2%) in February

02:50 Japan Industrial Production (MoM) came in at 2.5%, above expectations (2.3%) in February Japan Industrial Production (MoM) came in at 2.5%, above expectations (2.3%) in February

02:12 AUD/USD edges lower below 0.6300 on global trade concerns The AUD/USD pair trades in negative territory near 0.6280 during the early Asian session on Monday.

02:00 South Korea Industrial Output Growth above forecasts (0.8%) in February: Actual (1%) South Korea Industrial Output Growth above forecasts (0.8%) in February: Actual (1%)

02:00 South Korea Service Sector Output: 0.5% (February) vs -0.8% South Korea Service Sector Output: 0.5% (February) vs -0.8%

02:00 South Korea Industrial Output (YoY) registered at 7% above expectations (2%) in February South Korea Industrial Output (YoY) registered at 7% above expectations (2%) in February

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