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Market Moving News
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| Intra-day Market Moving News |
| 9 Mar 2026 |
16:57 |
Best Pip Performance : Worth-the-Wait Standout Trade
EUR/CHF (Weekly) - Shorted at 0.9178 mid-Feb, closed at 0.9000 today. That is an impressive 178 pips captured!
Smart analysis. Precise execution. Powerful results.
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| 9 Mar 2026 |
16:23 |
Continues from previous update...
The U.S. Supreme Court last month invalidated a 10% fentanyl-related tariff Trump had imposed on China and others under an emergency statute. The Trump administration has told Beijing it expects to reimpose that levy under a different law, a U.S. official said.
"A certain country using the drug problem as a pretext has resorted to unilateral bullying and even interfered in the internal affairs of other countries, which ... gravely harms global cooperation in drug control," China's statement delivered by envoy Gao Wei said, apparently referring to the United States.
"It is regrettable that just now the U.S. delegate again made remarks that do not reflect reality," he said.
Countries should address domestic drug problems by improving control measures and engaging in international cooperation, not by "abusing sanctions, tariffs, or other means to erect barriers (and) shift blame," he added.
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| 9 Mar 2026 |
16:22 |
USD/MAJORS... LSEG reported the United States and China traded barbs at a U.N. drugs meeting on Monday, with Washington accusing Beijing of failing to stop sales of precursor chemicals for fentanyl and China dismissing the allegation as false while calling the U.S. irresponsible.
The exchange, delivered in separate statements at the U.N.'s annual Commission on Narcotic Drugs meeting in Vienna, underscored tensions between the two countries over illicit drugs and tariffs, with their leaders due to meet in China at the end of the month.
"We know where the chemical precursors (for fentanyl) are coming from. They are manufactured by the millions of tons in China," Sara Carter, director of the White House Office of National Drug Control Policy, said as she delivered the U.S. statement.
"We know that China's weak export controls and lax enforcement allow its chemical industry to foster friendships with the (drug) cartels. At the same time, China's overly effective controls over rare earth minerals wreak havoc on legitimate industries."
Under an agreement struck in South Korea last year between President Donald Trump and his Chinese counterpart Xi Jinping, the U.S. agreed to trim tariffs on China in exchange for Beijing cracking down on the illicit fentanyl trade, resuming U.S. soybean purchases and keeping rare earths exports flowing.
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| 9 Mar 2026 |
09:52 |
LSEG earlier reported G7 finance ministers will on Monday discuss the possible release of emergency oil reserves, a French government source said, in response to surging oil prices resulting from the Middle East conflict.
The talks were first reported by the Financial Times, which said the International Energy Agency would join the discussions.
Three G7 countries, including the U.S., have so far expressed support for the idea, the FT said, citing sources.
The report came as oil prices surged more than 25% on Monday to their highest levels since mid-2022 as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding U.S.-Israeli war with Iran.
The IEA did not immediately respond to a request for comment.
Earlier on Monday the agency said in a newsletter that it was closely monitoring energy security.
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| 9 Mar 2026 |
09:51 |
LSEG earlier reported the G7 finance ministers will discuss on Monday a joint release of oil from emergency reserves coordinated by the International Energy Agency, the Financial Times reported.
Three G7 countries, including the U.S., have so far expressed support for the idea, the FT added.
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| 9 Mar 2026 |
05:14 |
USD/JPY - 158.72... LSEG news, Japan PM Takaichi says :
- hard to say now how Middle East conflict could affect Japan's economy
- many citizens are worried about rising gasoline prices, government scrutinising what steps it can take
- any steps government takes to mitigate impact from conflict likely won't involve changes to fiscal 2026 budget
- government considering using reserves to ensure gasoline prices don't rise to levels intolerable for households
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| 9 Mar 2026 |
05:13 |
NZD/USD - 0.5880... LSEG reported New Zealand's economy is tracking better than a Treasury forecast made in December, New Zealand's Finance Minister Nicola Willis said on Monday.
Willis said Treasury's preliminary economic and fiscal forecasts for the 2026 government budget had "been very positive and largely favourable compared to the half year update."
"Latest estimates suggest the economy grew 1.7% last (calendar) year, and when the preliminary forecasts were finalised, Treasury was expecting growth of 3% for each of the next two financial years," she said.
In the third quarter of 2025, the economy grew 1.3% year-on-year.Treasury forecast economic growth of 1.7% in the 2026 financial year ended June 30 and 3.4% in the 2027 financial year.
Willis added the positive forecasts were due to a combination of low interest rates, historically high export prices, a recovery in tourism, elevated business confidence and increasing consumer confidence.
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| 9 Mar 2026 |
05:09 |
USD/JPY - 158.67... LSEG news, Japan FinMin Katayama says :
- weak yen is one factor behind rising prices
- day-to-day monetary operation up to BoJ to decide
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| 7 Mar 2026 |
08:16 |
USD/MAJORS... LSEG reported Iran's President Masoud Pezeshkian said on Saturday that its temporary leadership council had approved the suspension of attacks against neighboring countries unless an attack on Iran came from those countries.
The announcement came as Iran continued to launch attacks in the region in response to U.S.-Israeli strikes on the Islamic Republic.
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| 7 Mar 2026 |
07:12 |
Best Pip Performance : Worth-the-Wait Standout Trade
EUR/CHF - Shorted at 0.9120 on Monday (Mar 2), closed at 0.9025 by Friday evening. That is an impressive 95 pips captured!
Smart analysis. Precise execution. Powerful results.
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| 7 Mar 2026 |
06:09 |
USD/MAJORS... LSEG news, several loud bands heard in Abu Dhabi - witness.
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| 6 Mar 2026 |
14:30 |
USD/MAJORS... LSEG reported San Francisco Federal Reserve President Mary Daly said Friday that a weaker-than-expected U.S. jobs report underscores her concern about the labor market, but does not mean the Fed should immediately cut rates in response, given the "two-sided" risks posed by still-too-high inflation coupled with a runup in oil prices amid the Iran conflict.
"There's another alternative which is also a policy alternative, which is to hold them steady while we collect more information," Daly told CNBC, referring to short-term borrowing costs that the Fed cut last year but held steady in January.
"I'm certainly not in a position to think we should be hiking interest rates, but I think there's a real issue about whether we should meet immediately, urgently act on the labor market, or whether we should wait to think through the data."
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| 6 Mar 2026 |
13:59 |
USD/MAJORS... LSEG reported U.S. President Donald Trump said on Friday there would be no deal struck with Iran except "unconditional surrender."
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| 6 Mar 2026 |
13:54 |
USD/MAJORS... LSEG news, in an interview with CNBC, Fed's Daly continues to say :
- a little optimistic that AI will help drive productivity, but need to see it
- another policy alternative is to hold rates steady
- not in a position to think we should hike
- there is a real issue if we should act immediately on labour market, or wait
- we have to be steady in the boat while we collect more information
- have not see evidence economy is running hot
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| 6 Mar 2026 |
13:50 |
USD/MAJORS... LSEG news, in an interview with CNBC, Fed's Daly says :
- no one month of data is decisional
- both of goals are risks now
- need to average the two payrolls reports
- job numbers not a clear read, but also not a wrong read
- job market is vulnerable
- very different from when inflation is below target
- right now, inflation is above target, it's a balance of risks calculation
- hope last year's rate cuts would put a floor under job market, but this report has my attention
- with oil price increase, the question is how long will that last
- can't look through this report, but it's just one month of data
- if break-even is 30k, we are below that, but it's only a couple months of data
- wages need to be inflation plus productivity growth, which is higher
- this wage growth is not a sign of frothiness
- worried labour market is weaker than we have seen
- two-sided risks
- oil price shock is a real thing, consumers will feel that
- labour market gives me some concern, but strikes, snow, population benchmarking make report harder to interpret
- it depends on how long disruption lasts, when asked if oil price rise would stay Fed's hand on cuts
- need more time to decide
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