Russia S&P Global Services PMI declined to 49.5 in March from previous 51.3.Russia S&P Global Services PMI declined to 49.5 in March from previous 51.3

Australian Dollar gains traction ahead of US jobs report.Australian Dollar gains traction ahead of US jobs report

Elliott Wave Signals DAX Rally Resumption Ahead.The DAX Index experienced a notable correction from the July 11, 2025 high, unfolding in a complex expanded flat Elliott Wave structure. From that peak, wave A concluded at 22,943.06, followed by a rally in wave B that terminated at 25,507.79.

US Dollar Index holds gains near 100.00 as traders focus on US jobs data and Iran conflict.US Dollar Index holds gains near 100.00 as traders focus on US jobs data and Iran conflict

BOJ to raise rates with eye on Iran war fallout, central bank official says.The Bank of Japan will continue to raise interest rates while keeping a close ​eye on how the Middle East conflict affects ‌the economy and underlying inflation, a senior central bank official said on Friday.

US Nonfarm Payrolls expected to rise by 60K in March.US Nonfarm Payrolls expected to rise by 60K in March

China Services PMI slows as domestic demand offsets weak external conditions.China's services sector remains in expansion but is slowing, with domestic demand supporting growth while weak exports, falling employment and price discounting point to softer underlying momentum.

RBI curbs widen dollar-rupee forwards-NDF spread.The Reserve Bank of India has banned banks from offering or rebooking rupee non-deliverable forward contracts. This move widens the gap between domestic and overseas currency markets.

USD/JPY Holds Strong, NFP Looms as Next Big Catalyst.Looking at the 4-hour chart, the pair cleared the 50% Fib retracement level of the downward move from the 160.46 swing high to the 158.27 low. The pair is now well above the 100 simple moving average (red, 4-hour) and the 200 simple moving average (green, 4-hour).

Rupee logs biggest gain in 12 years.The Indian rupee saw a strong surge on Thursday, gaining nearly 1.8% against the dollar. This appreciation followed new regulations by the Reserve Bank of India aimed at curbing speculative trading.

Rupee at 100 will be a harsh check on India's ambitions.India faces a looming currency crisis as the rupee nears Rs100 against the dollar. RBI measures to stabilise it may fail, hitting middle-class budgets, education costs, and state finances.

WTI trades near $104.00 after 10% surge on Trump's Iran threats.WTI trades near $104.00 after 10% surge on Trump's Iran threats

Japan finance minister warns of high FX volatility, signals readiness to act.Japanese Finance Minister Satsuki Katayama on Friday ​put currency traders on notice, saying the ‌government stands ready to act against speculative moves in foreign exchange markets as volatility has ​risen "significantly."

The Weekly Bottom Line: Oil Prices: To the Moon and… (May Be) Back.WTI prices surged another 20% this week to over $110/bbl amid fading hopes for a quick resolution to the U.S.-Iran war. In his speech last night, President Trump's hawkish remarks did little to ease markets, providing no timeline for a conflict resolution and warning of a possible escalation in coming weeks.

Economics Week Ahead.U.S. economic data remain somewhat stale due to the lingering effects of last year's prolonged federal government shutdown. The upcoming Personal Income & Spending report is a case in point, with next week's release covering February activity—already about a month old.

Japanese Yen flat lines amid persistent tensions in the Middle East.Japanese Yen flat lines amid persistent tensions in the Middle East

China's RatingDog Services PMI declines to 52.1 in March vs. 53.7 expected .China's RatingDog Services PMI declines to 52.1 in March vs. 53.7 expected 

China RatingDog Services PMI came in at 52.1 below forecasts (53.7) in March.China RatingDog Services PMI came in at 52.1 below forecasts (53.7) in March

Australian Dollar advances despite increased risk aversion.Australian Dollar advances despite increased risk aversion

Canadian Jobs Set for Modest Rebound in March.Next Friday's Canadian Labour Force Survey should show a partial recovery in employment in March after consecutive job losses totalling 109,000 over the prior two months.

Japan Services PMI eases with cost pressures rising and confidence weakening.Japan's services sector remains in expansion but is losing a little momentum, with weaker demand growth, rising energy-driven costs, and sharply lower business confidence signalling a more uncertain outlook. Summary: Japan Services PMI eases to 53.4 (prev 53.8), still solid expansion New orders growth slows to a three-month low Cost pressures intensify, driven by energy and Middle East conflict Selling price inflation remains elevated but eases from peak Business confidence drops to lowest since pandemic Employment growth softens amid weaker demand momentum Composite PMI also slows, confirming broader moderation Japan's service sector continued to expand in March, though momentum showed early signs of softening as rising cost pressures and geopolitical uncertainty weighed on sentiment.

Japan Jibun Bank Services PMI came in at 53.4, above expectations (52.8) in March.Japan Jibun Bank Services PMI came in at 53.4, above expectations (52.8) in March

Fed's Goolsbee: Oil price rise is quite serious, everything depends on how long it lasts.Fed's Goolsbee: Oil price rise is quite serious, everything depends on how long it lasts

GBP/JPY Price Forecast: Struggles at 211.00 as hanging man emerges.GBP/JPY Price Forecast: Struggles at 211.00 as hanging man emerges

A holiday across much of Asia, but Japan is open. We get PMI data from there & from China.It's a sparse agenda in Asia. Much of the region is out for the Good Friday holiday.

Indonesia: Surplus seen narrowing on external risks – UOB.Indonesia: Surplus seen narrowing on external risks – UOB

South Korea: Inflation pressures seen building – ING.South Korea: Inflation pressures seen building – ING

USD/JPY sits below 160.00 as Tokyo's intervention threat collides with Friday's NFP.USD/JPY sits below 160.00 as Tokyo's intervention threat collides with Friday's NFP

China: Export strength and bank flows – Commerzbank.China: Export strength and bank flows – Commerzbank

Crude Oil Price Forecast: Breakout Cycle Signals Further Upside.Crude oil holds bullish momentum after a breakout, with key support intact and historical cycle patterns suggesting further upside toward prior highs and beyond.