Monthly Archives: March 2025

In February, Switzerland recorded year-on-year Producer and Import Prices at -0.1%, improving from -0.3%

Written on March 13, 2025 at 10:11 am, by

Swiss producer prices fell 0.1% in February. EUR/USD weakened, gold remained strong, and Metaverse tokens corrected.

The US administration’s stance on VAT taxes could lead to complicated trade tariff consequences and reactions

Written on March 13, 2025 at 9:47 am, by

The US may classify VAT taxes as tariffs, potentially increasing costs and prompting retaliatory measures from trading partners.

The US Dollar Index is steady around 103.60, testing support near four-month lows against peers

Written on March 13, 2025 at 9:42 am, by

The US Dollar Index tests support at 103.34, with oversold conditions and resistance at 104.34 amid fluctuations.

The RICS housing survey balance in the UK showed +11, lower than the anticipated +20

Written on March 13, 2025 at 9:17 am, by

UK February RICS housing survey balance falls to +11, lowest since September, with weaker home buyer demand.

In Saudi Arabia, gold prices experienced an increase, based on recent data compiled on the market

Written on March 13, 2025 at 9:12 am, by

Gold prices in Saudi Arabia rose, reflecting global trends. Central banks’ gold purchases influence market fluctuations significantly.

In Malaysia, today’s gold prices have increased according to compiled data sources

Written on March 13, 2025 at 8:41 am, by

Gold prices in Malaysia rose to 419.36 MYR per gram. Central banks added 1,136 tonnes in 2022.

Toronto-Dominion predicts a 2.25% Bank of Canada rate cut due to escalating trade tensions

Written on March 13, 2025 at 8:17 am, by

TD sees the rate cut as protection against tariffs, forecasting a mild recession and cautious monetary policy.

Yen Strengthens as USDJPY Retreats

Written on March 13, 2025 at 8:17 am, by

USDJPY slides from 149.196 to 147.908 as yen strengthens on BOJ tightening signals. Traders eye key support at 147.500. – vtmarkets.com

Kazuo Ueda, Governor of the Bank of Japan, remarked that underlying inflation remains slightly under 2%

Written on March 13, 2025 at 8:11 am, by

BoJ Governor Ueda expects inflation to accelerate gradually, reducing bond purchases as Japan’s economy and wages improve.

Recent changes in U.S. sanctions may impact current support for oil prices regarding Russian transactions

Written on March 13, 2025 at 7:47 am, by

OFAC issued General License 8L, allowing energy transactions with Russian banks until March 12, 2025.

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