Trading news

Dow Jones futures fall 1.74% to trade below 46,700 during European hours ahead of the US regular market open on Monday. S&P 500 and Nasdaq 100 futures decline 1.61% and 1.75% to trade below 6,650 and 24,250 at the time of writing.

Singapore Foreign Reserves (MoM) down to 416.1B in February from previous 417B

UOB’s Global Economics & Markets Research notes a major setback in the US jobs market in February, as Non-farm payrolls fell 92,000, the largest drop since October 2025.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, opened with a bullish gap and touched a fresh high since November 2025, around the 99.70 area, at the start of a new week.

Societe Generale analysts Michael Haigh and Ben Hoff say Brent has surged above $100/bbl as Middle East supply losses deepen and flows through the Strait of Hormuz largely cease. They estimate around 17 mb/d of supply is stranded, with most OPEC+ spare capacity trapped.

The Pound Sterling is down 0.5% to near 1.3350 against the US Dollar (USD) during the European trading session on Monday.

ING’s Chris Turner highlights that strong support just below 1.1500 in EUR/USD is increasingly at risk as elevated Oil prices hurt Europe’s terms of trade. Despite narrowing US–eurozone rate differentials, he sees only limited upside on any IEA-driven relief rally.

Austria Trade Balance dipped from previous €-352M to €-1301M in December

Deutsche Bank's Jim Reid and colleagues expect a firmer US headline CPI than core in February, driven by higher energy prices, with year-on-year headline inflation near 2.4% and core edging slightly lower.

EUR/GBP inches higher after two days of losses, trading around 0.8670 during the European hours on Monday. The currency cross remains stronger following the release of German Factory and Industrial Production data. Eurozone’s Sentix Investor Confidence will be eyed later in the day.

Here is what you need to know on Monday, March 9:

Rabobank analysts Molly Schwartz and Christian Lawrence argue that heightened geopolitical risk from the war in Iran has reinforced safe-haven demand for the Dollar, keeping USD/CAD supported even as the US–Canada rate differential is projected to narrow to 75bp by end-2026.

The EUR/USD pair holds onto Asian trade losses around 1.1540 during the European trading session on Monday. The major currency pair is under severe pressure as demand for riskier assets remains weak due to the intensified war in the Middle East involving the United States (US), Israel, and Iran.

Danske Bank’s Danske Research Team highlights a sharp jump in Oil prices as Middle East tensions escalate, with Brent crude quoted at USD 116/bbl. The bank notes producers shutting down output and traffic halted through the Strait of Hormuz.

BNY’s Head of Markets Macro Strategy Bob Savage notes that Gold has broken a five-week winning streak, losing 3% as the Dollar rallied and Oil surged.

Germany Factory Orders n.s.a. (YoY) declined to 3.7% in January from previous 13%

Germany Factory Orders s.a. (MoM) dipped from previous 7.8% to -11.1% in January

Germany Industrial Production n.s.a. w.d.a. (YoY): -1.2% (January) vs previous -0.6%

Germany Industrial Production s.a. (MoM) below forecasts (0.9%) in January: Actual (-0.5%)

The AUD/USD pair attracts some buyers in the vicinity of mid-0.6900s, or a four-day low touched earlier this Monday, and fills the weekly bearish gap heading into the European session.