News

Macroeconomics: Stagflation risks at IMF and World Bank – DBS

DBS Group Research’s Philip Wee argues that stagflation will dominate the agenda at the International Monetary Fund (IMF) and World Bank Spring Meetings following President Trump’s Strait of Hormuz blockade.

Source  Fxstreet1776064151

Turkey Current Account Balance registered at $7.501B above expectations ($-7.5B) in February

Source  Fxstreet1776063697

Turkey Current Account Balance came in at $-7.501B, below expectations ($-7.5B) in February

Source  Fxstreet1776063680
BoJ’s Ueda: Rising oil prices worsen Japan's trade

Bank of Japan (BoJ) Governor Kazuo Ueda said in his prepared remarks in a speech during the European trading session on Monday that the economic recovery is modest in the wake of the war in the Middle East.

Source  Fxstreet1776063356
Brent: Supply disruption risk supports higher prices – MUFG

MUFG’s Senior Currency Analyst Michael Wan notes that Trump’s announcement of a blockade of the Strait of Hormuz, following failed US–Iran talks, pushed Brent Oil up 9% to US$103 per barrel.

Source  Fxstreet1776062891
Equities: Risk-off open expected on US‑Iran setback – Danske Bank

Danske Research Team expects equity markets to open more than 1% lower, tracking Asian losses after US‑Iran talks failed and Brent crude gapped higher.

Source  Fxstreet1776062109
Asian stocks drop as US-Iran peace talks break, US closes Hormuz

Most Asian equity indexes are trading lower on Monday, as this weekend’s peace talks between the US and Iran ended without agreement, and US President Donald Trump affirmed that the US military will enforce a blockade in the Strait of Hormuz.

Source  Fxstreet1776061847
EUR/CAD caps near 1.6200 as Euro struggles due to risk-off mood

EUR/CAD holds position after paring its intraday losses, trading around 1.6200 during the Asian hours on Monday. However, the currency cross still remains in the negative territory as the Euro (EUR) struggles amid increased risk aversion after the failure of the United States (US)-Iran peace talks.

Source  Fxstreet1776059861
US President Trump: Blockade on Iranian Ports to begin officially on April 13 at 10:00 A.M. ET

United States (US) President Donald Trump confirms, through a post on Truth.Social, the blockade on ships entering to and exiting from Iranian ports will officially begin today, April 13, at 10:00 AM ET (14:00 GMT).

Source  Fxstreet1776056858
Hungary election: A landslide win for Magyar’s Tisza party, ending Orban’s 16-year rule

In a parliamentary election in Hungary on Sunday, Péter Magyar, leader of the nation’s center-right opposition Tisza party, defeated veteran incumbent Prime Minister Viktor Orbán in a landslide victory.

Source  Fxstreet1776054203

Japan Money Supply M2+CD (YoY) increased to 2% in March from previous 1.7%

Source  Fxstreet1776039767
US President Trump considers limited strikes on Iran after talks collapse - WSJ

Citing officials and people familiar with the situation, the Wall Street Journal (WSJ) reported on Monday that White House advisers are considering resuming limited military strikes in Iran along with the US blockade of the Strait of Hormuz as a way to break a deadlock in peace talks.

Source  Fxstreet1776034186
Iran’s Foreign Minister Araghchi: Engaged with the US in good faith to end the war

Iran's Foreign Minister Seyed Abbas Araghchi said early Monday that “Iran engaged with the US in good faith to end the war.”

Source  Fxstreet1776033786

New Zealand Business NZ PSI declined to 46 in March from previous 48

Source  Fxstreet1776033201
Middle East War updates: US-Iran peace talks fail, Trump threatens to blockade Strait of Hormuz

Here’s all you need to know about the developments in the Middle East war that took place over the weekend, which are expected to have a significant impact on the markets in the upcoming week.

Source  Fxstreet1776031880
White House Confident Warsh Will Lead Fed in May: Rate Cut Path and Market Impact Full Analysis

TradingKey - Recent reports indicate that the White House's confidence in Kevin Warsh taking over as Federal Reserve Chair in May has significantly strengthened.White House economic advisor Kevin Hass

Source  Tradingkey1775995200
China: Inflation pressures build with energy – ING

ING’s Chief Economist for Greater China, Lynn Song, notes that China’s CPI inflation eased to 1.0% year-on-year after Lunar New Year, while PPI turned positive for the first time since 2022.

Source  Fxstreet1775862120
Malaysia: Solid GDP and contained inflation – DBS

DBS Group Research expects Malaysia’s 1Q26 advance Gross Domestic Product (GDP) to grow 5.5% year-on-year, slightly below 6.3% in 4Q25 but still robust. Growth is seen supported by export-oriented electrical and electronics manufacturing, global AI tailwinds, construction and domestic demand.

Source  Fxstreet1775859420
CNY: Trade normalization and growth risks – TD Securities

TD Securities expects China’s March exports to normalize after a strong Jan–Feb report, while imports could surprise on the upside as authorities stockpile key goods and commodities during the US–Iran conflict. Rising input costs may slow production and weigh on exports.

Source  Fxstreet1775857680
KRW: War risk keeps 1,450–1,550 range in focus – ING

ING’s Min Joo Kang notes that KRW is trading below 1,500, with near-term moves heavily dependent on Middle East developments. The team keeps its 1,450–1,550 trading range, expecting KRW to strengthen rapidly if the war ends.

Source  Fxstreet1775855520
Singapore: Exports boosted by electronics cycle – DBS

DBS Group Research expects Singapore’s non-oil domestic exports to rise for a seventh consecutive month in March 2026, accelerating to 10.3% year-on-year from 4.0% in February.

Source  Fxstreet1775853420
Fed’s Daly: If inflation stays elevated, we would hold steady

Mary Daly, President of the Federal Reserve (Fed) Bank of San Francisco, told Reuters in an interview on Friday that if Iran conflict is resolved quickly and Oil prices come back down, a rate cut may not be out of the question.

Source  Fxstreet1775852077
China: Growth risks skewed to upside in Q1 – Commerzbank

Commerzbank’s Dr. Henry Hao sees upside risks to China’s Q1 2026 GDP versus the bank’s 4.6% forecast, supported by resilient exports and front‑loaded public investment. Industrial production is projected to grow 5.5% year‑on‑year, while retail sales slow to 2.5%.

Source  Fxstreet1775851560

United Kingdom CFTC GBP NC Net Positions: £-56.4K vs previous £-52.7K

Source  Fxstreet1775850111

United States CFTC Oil NC Net Positions down to 202.2K from previous 213.5K

Source  Fxstreet1775850105

United States CFTC Gold NC Net Positions: $156.3K vs previous $163.2K

Source  Fxstreet1775850093

Australia CFTC AUD NC Net Positions dipped from previous $81.5K to $70.8K

Source  Fxstreet1775850087

Eurozone CFTC EUR NC Net Positions: €-7.5K vs previous €0.5K

Source  Fxstreet1775850080

United States CFTC S&P 500 NC Net Positions declined to $-45.7K from previous $-42.5K

Source  Fxstreet1775850074

Japan CFTC JPY NC Net Positions dipped from previous ¥-72.9K to ¥-93.7K

Source  Fxstreet1775850064
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