Monthly Archives: March 2026
WTI crude rebounds to near $72, driven by Hormuz closure fears and heightened oil supply worries
Written on March 3, 2026 at 7:39 am, by davin
WTI crude rebounded near $70, hitting $71.75 as Iran tensions threaten Hormuz flows; OPEC+ and dollar cap.
Amid rising Middle East tensions, the dollar strengthens, pushing EUR/USD down near 1.1685, below 1.1700
Written on March 3, 2026 at 7:38 am, by davin
EUR/USD dips below 1.1700 as safe-haven dollar demand rises amid Iran conflict; Eurozone HICP awaited Tuesday.
Trump cautioned Iran that heavier strikes loom, while Rubio urged Americans evacuate amid looming attack intensification
Written on March 3, 2026 at 7:37 am, by davin
Trump warns of “big wave” as U.S. braces for Iran attacks; Middle East alert lifts gold.
An IRGC commander said Iran would close the Strait of Hormuz and target transiting ships, Reuters reported
Written on March 3, 2026 at 7:36 am, by davin
IRGC adviser says Iran closed Strait of Hormuz, threatens ships; gold jumps, oil slips slightly.
Australian building permits fell 15.7% year-on-year, reversing a prior 0.4% annual rise reported earlier
Written on March 3, 2026 at 7:36 am, by davin
Australia’s building permits declined 15.7% year-on-year in January, reversing December’s 0.4% rise, signaling fewer approvals.
Gold Advances as Strait of Hormuz Conflict Broadens
Written on March 3, 2026 at 5:40 am, by davin
Gold rises for a fifth straight session as escalating US-Israel conflict with Iran and the reported closure of the Strait of Hormuz deepen geopolitical and inflation risks. | VT Markets
Amid US-Iran tensions, gold trades near $5,330, supported by safe-haven buying, awaiting Federal Reserve commentary
Written on March 3, 2026 at 5:38 am, by davin
Gold climbs on Middle East war fears, oil-driven inflation risks, and reduced Fed cut expectations outlook.
Fourth-quarter Japanese capital spending rose 6.5%, exceeding the 3% forecast, indicating stronger investment activity
Written on March 3, 2026 at 5:37 am, by davin
Japan’s fourth-quarter capital spending rose 6.5%, beating the 3% forecast by 3.5 percentage points.
February saw Japan’s monetary base fall 10.6% year-on-year, underperforming expectations of a 10.2% decline
Written on March 3, 2026 at 5:36 am, by davin
Japan’s monetary base dropped 10.6% in February, undershooting forecasts and contracting 0.4 points more than expected.
Japan’s fourth-quarter capital spending fell 10.6%, missing forecasts that had anticipated a 3% increase
Written on March 3, 2026 at 5:36 am, by davin
Japan’s Q4 capital spending plunged 10.6%, far below expectations, signalling a sharper-than-forecast drop in business investment.
