OCBC strategists Sim Moh Siong and Christopher Wong stress that markets are being driven almost entirely by Iran headlines, with Oil and yields reacting to ceasefire developments.

The Federal Reserve (Fed) will publish its Minutes from the March 18 meeting on Wednesday. The release should be less about the decision itself and more about the officials’ “no rush to cut” narrative.

Commerzbank’s Thu Lan Nguyen notes Copper has turned into a top performer after being one of the weakest metals, pressured by rising LME stocks and mixed supply news.

Iran's Islamic Revolutionary Guard Corps (IRGC) stated on Wednesday that Iran will manage the Strait of Hormuz proactively and control it intelligently, while warning of a stronger response to any renewed attacks from the United States (US) or Israel, per Reuters.

BNY's Head of Markets Macro Strategy Bob Savage at notes that the Reserve Bank of New Zealand (RBNZ) kept the Official Cash Rate (OCR) at 2.25% as the Middle East conflict altered the outlook, lifting near‑term inflation risks while weighing on growth.

Rabobank economists Mauricio Une and Renan Alves note that the Dollar (USD) closed last week at 5.1573, with the Brazilian Real (BRL) appreciating 1.6% over the week, ranking among the top emerging-market performers.

Gold (XAU/USD) climbs toward three-week highs on Wednesday after the United States and Iran reached a temporary two-week ceasefire agreement, offering relief to markets following days of escalating tensions.

Ripple (XRP) is edging up above $1.38 at the time of writing on Wednesday, buoyed by improving market sentiment after the United States (US) suspended attacks on Iran amid a two-week ceasefire.

ING’s commodities team of Ewa Manthey and Warren Patterson report that Oil prices have dropped sharply, with Brent and WTI falling well below $100 as a US–Iran two‑week ceasefire eases supply disruption fears.

Brown Brothers Harriman’s (BBH) Elias Haddad notes that the US-Iran ceasefire has pushed financial markets into relief mode, with Brent, equities and bonds reacting positively and the Dollar falling sharply.

Mexico Consumer Confidence dipped from previous 44.5 to 44.1 in March

Mexico Consumer Confidence s.a: 44.1 (March) vs previous 44.4

Cryptocurrency prices are broadly holding steady on Wednesday after United States (US) President Donald Trump wrote on his Truth Social platform, "I agree to suspend the bombing and attack of Iran for a period of two weeks".

MUFG’s Head of Research Derek Halpenny underlines that United Kingdom (UK) PMI Services and Composite data show a larger downturn than in Europe, with a record jump in input prices driven by energy concerns.

The NZD/USD pair is up 1.6% to near 0.5830 in the European trading session on Wednesday.

BNY's Head of Markets Macro Strategy Bob Savage notes Eurozone producer prices fell on energy weakness while ex‑energy pressures stayed positive, and retail sales showed modest annual growth despite monthly softness.

United States (US) President Donald Trump said on Truth Social on Wednesday that the US will work closely with Iran through a "very productive regime change."

Commerzbank’s Carsten Fritsch reports that Gold jumped up to 3% to USD 4,855 per ounce after the 14‑day Middle East ceasefire, behaving unlike a classic safe haven. The move is linked to lower Oil prices, reduced inflation risks and softer rate expectations, which have pushed bond yields down.

TD Securities analysts review the latest Reserve Bank of New Zealand (RBNZ) decision, noting the cash rate was held at 2.25% while inflation forecasts were revised sharply higher for Q1 and Q2.

Artificial Intelligence (AI) crypto tokens, such as Near Protocol (NEAR) and Render (RNDR), are extending gains on Wednesday amid the launch of Antropic Glasswing initiative, while the broader cryptocurrency market recovery linked to the US-Iran ceasefire adds tailwind.

The Australian Dollar (AUD) is trading higher against the US Dollar (USD) for the third consecutive day on Wednesday, boosted by investors’ optimism about the ceasefire in Iran.

United States MBA Mortgage Applications up to -0.8% in April 3 from previous -10.4%

Bitcoin (BTC) is approaching the upper boundary of the horizontal channel that has been limiting the price since early February, trading near $71,800 on Wednesday, and a breakout of this zone would suggest an upside move.

The US Dollar (USD) accelerated its reversal against the Swiss Franc (CHF) on Wednesday, as investors pared back US Dollar long positions following the announcement of a ceasefire in Iran.

Commerzbank notes that the Dollar is selling off as risk sentiment improves, with the Euro rising close to 1.17 against the Dollar following the ceasefire news.

DBS Group Research’s Eugene Leow notes that Gold surged over 2% to above USD4800 after a two-week ceasefire between the US and Iran reduced immediate escalation risks.

Germany 10-y Bond Auction increased to 2.92% from previous 2.89%