Posted at 31 March 2026 / Categories Market Roundups
Market Roundup
• Japan Tokyo Core CPI (YoY) (Mar): 1.7%, 1.8% forecast, 1.8% previous
• Japan CPI (YoY) (Mar): 1.4%, 1.5% forecast, 1.5% previous
• Japan CPI Tokyo Ex Food and Energy (MoM) (Mar): 0.4%, 0.3% previous
• Japan Unemployment Rate (Feb): 2.6%, 2.7% forecast, 2.7% previous
• Japan Jobs/applications ratio (Feb): 1.19, 1.18 forecast, 1.18 previous
• Japan Tokyo CPI (YoY) (Mar): 1.4%, 1.6% previous
• Japan Industrial Production (MoM) (Feb): -2.1%, -2.1% forecast, 4.3% previous
• Japan Large Scale Retail Sales YoY (Feb): 3.0%, 3.0% previous
• Japan Industrial Production forecast 2m ahead (MoM) (Apr): 3.3%, -2.6% previous
• Japan Retail Sales (YoY) (Feb): -0.2%, 0.9% forecast, 1.8% previous
• Japan Industrial Production forecast 1m ahead (MoM) (Mar): 3.8%, -0.5% previous
• Japan Large Retailers' Sales (MoM) (Feb): -2.0%, 3.0% previous
• China Manufacturing PMI (Mar): 50.4, 50.1 forecast, 49.0 previous
• China Composite PMI (Mar): 50.5, 49.5 previous
• China Non-Manufacturing PMI (Mar): 50.1, 49.9 forecast, 49.5 previous
• Australia Private Sector Credit (MoM) (Mar): 0.6%, 0.6% forecast, 0.5% previous
• Australia Housing Credit (Mar): 0.6%, 0.6% previous
• New Zealand M3 Money Supply (Feb): 445.9B, 441.7B previous
• UK GDP (QoQ) (Q4): 0.1%, 0.1% forecast, 0.1% previous
• UK GDP (YoY) (Q4): 1.0%, 1.0% forecast, 1.2% previous
• Germany Retail Sales (YoY) (Feb): 0.7%, 1.0% forecast, 0.9% previous
• Germany Import Price Index (YoY) (Feb): -2.3%, -2.3% previous
• Germany Import Price Index (MoM) (Feb): 0.3%, 0.7% forecast, 1.1% previous
• UK Business Investment (YoY) (Q4): 2.0%, 2.0% forecast, 3.5% previous
• France CPI (MoM) (Mar): 0.9%, 0.9% forecast, 0.6% previous
• France Consumer Spending (MoM) (Feb): -1.4%, -0.3% forecast, 0.4% previous
• France HICP (MoM) (Mar): 1.1%, 0.7% previous
• France CPI (YoY) (Mar): 1.7%, 1.6% forecast, 0.9% previous
• France PPI (YoY) (Feb): -2.40%, -2.30% previous
• France PPI (MoM) (Feb): -0.2%, -0.2% forecast, 0.5% previous
Looking Ahead Economic Data (GMT)
•08:00 Germany Unemployment Rate (Mar): 6.3% forecast, 6.3% previous
•08:00 Germany Unemployment Change (Mar): 2K forecast, 1K previous
•08:00 Germany Unemployment (Mar): 2.977M previous
•08:00 Germany Unemployment n.s.a. (Mar): 3.070M previous
•10:00 Eurozone CPI (YoY) (Mar): 2.6%forecast, 1.9% previous
•10:00 Eurozone Core CPI (YoY) (Mar): 2.4% forecast, 2.4% previous
•10:00 Eurozone CPI (MoM) (Mar): 0.6% previous
•10:00 Eurozone HICP ex Energy & Food (YoY) (Mar): 2.3% previous
•10:00 Eurozone CPI, n.s.a (Mar): 100.71 previous
•10:00 Eurozone Core CPI (MoM) (Mar): 0.8% previous
•10:00 Eurozone HICP ex Energy and Food (MoM) (Mar): 0.6% previous
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Sumaries
EUR/USD : The euro dipped on Tuesday as high oil prices due to the Middle East conflict continued to pressure energy-reliant economies. The threat of inflation has led investors to ramp up expectations for rate hikes across major central banks this year, which in turn hammered bonds.The Federal Reserve is now expected to keep rates on hold this year, compared with more than 50 basis points worth of easing priced in prior to the start of the war.Fed Chair Jerome Powell on Monday said the U.S. central bank can wait to see how the Iran war affects the economy and inflation, noting that policymakers typically look through shocks such as those from higher oil prices. Immediate resistance can be seen at 1.1520(38.2%fib), an upside break can trigger rise towards 1.1560 (SMA 20).On the downside, immediate support is seen at 1.1398(23.6%fib), a break below could take the pair towards 1.1369(Lower BB).
GBP/USD:The British pound edged higher against the dollar on Tuesday as traders digested GDP data and assessed the Middle East war situation. Britain's economy barely grew at the end of 2025, official data confirmed on Tuesday, adding to the challenge ?for the government to keep growth on track in 2026 with the Iran war likely to hit demand and push up inflation.Gross domestic product increased by 0.1% in the October-to-December period, the Office for National Statistics said. Growth in the ?third quarter was also confirmed at 0.1%, the Office for National Statistics ?said.UK households put more money aside with the savings ratio increasing ?by 0.8 percentage points to 9.9%, the ONS said. Immediate resistance can be seen at 1.3285(Daily high), an upside break can trigger rise towards 1.3360(38.2%fib).On the downside, immediate support is seen at 1.3186(23.6%fib), a break below could take the pair towards 1.3146(Lower BB).
AUD/USD: The Australian dollar dipped on Tuesday after RBA minutes showed uncertainty on the rate path. Minutes of the Reserve Bank of Australia’s March meeting showed board members agreed it was not possible to predict the future path for interest rates, following two rate hikes this year amid ongoing war-related risks.The RBA raised interest rates by 25 basis points to 4.1% earlier this month, reversing two of the three cuts made in 2025, in a closely contested 5–4 vote—the narrowest since it began publishing vote splits last year. Markets see a 60% chance of another rate hike in May, with an additional tightening of 65 basis points to come this year. Meanwhile, Geopolitical tensions continue to influence sentiment, with Donald Trump renewing his ultimatum, while Iran dismissed U.S. proposals as unrealistic, keeping markets on edge and supporting safe-haven flows. Immediate resistance can be seen at 0.6876(Daily high), an upside break can trigger rise towards 0.6923(38.2%fib).On the downside, immediate support is seen at 0.683(61.8%fib), a break below could take the pair towards 0.6788(Lower BB).
USD/JPY: The U.S. dollar eased against yen on Tuesday amid verbal warnings from Tokyo on possible market intervention. Japan ramped up warnings on yen intervention and signalled that further currency weakness could prompt a near-term rate hike, as policymakers grow more concerned about inflation pressures from the Middle East conflict. In his strongest warning yet on yen intervention, Japan’s top currency diplomat Atsushi Mimura said authorities may take “decisive” action if speculative moves in the currency market continue. The remark marked an escalation in tone, as it was the first time Atsushi Mimura used the word “decisive ”a term traders typically interpret as a signal of readiness to intervene.On the data front, the Tokyo core ?consumer price index (CPI), which excludes volatile costs of fresh food, rose 1.7% in March from a year earlier, data showed, slowing from a 1.8% rise in February. Immediate resistance can be seen at 160.47(23.6%fib) an upside break can trigger rise towards 161.07(Higher BB) .On the downside, immediate support is seen at 159.59(Daily low) a break below could take the pair towards 158.82 (38.2%fib).
Equities Recap
Asian equities a were on course to end March deep in the red as an escalating Middle East war kept oil prices above $100 a barrel.
Japan’s Nikkei 225 was down by 1.27% , Hang Seng was up at 0.08 %, China A50 wasdow at 0.47%
Commodities Recap
Oil prices were set for a record monthly rise on Tuesday while Asian shares were headed for their steepest fall in six years, capping a tumultuous month as the war in the Middle East stoked fears of higher inflation and slower growth.
Brent crude futures pared gains and were last up 0.24% at $113.05 a barrel, on track for a 56% rise this month, the largest on record.
U.S. crude was little changed at $102.98 a barrel, though it was still headed for a monthly rise of roughly 54%, the most in nearly six years.
Gold rose on Tuesday but was set for its biggest monthly drop in over 17 years, as safe-haven demand shifted to the dollar amid Middle East tensions and rising inflation concerns.
Spot gold ?climbed 0.9% to $4,550.68 per ounce by 0727 GMT. U.S. gold futures for April delivery gained ?0.5% to $4,580.70.