United States 2-Year Note Auction: 3.936% vs 3.455%.United States 2-Year Note Auction: 3.936% vs 3.455%

U.S. Dollar Moves Higher As Composite PMI Exceeds Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY.Rising oil prices provided additional support to the American currency as demand for safe-haven assets increased.

U.S. Treasury did auction off $69 billion of 2-year notes at the top of the hour.The U.S. Treasury will auction off 2-year notes at the top of the hour. The auction is the 1st of 3 coupon auctions this week.

EUR/JPY holds as Eurozone PMI weakens and Japanese inflation softens.EUR/JPY holds as Eurozone PMI weakens and Japanese inflation softens

USD/JPY Analysis: Yen price action begins to show indecision around the 159 yen per dollar level.At the start of the trading week, a consistent indecision continues to be present in USDJPY price action in the short term. The pair has only recorded a variation of slightly less than 0.5% over the last two sessions, without a clear direction in the short term.

USD/JPY gains as US Dollar benefits from risk aversion, PMI data weigh.USD/JPY gains as US Dollar benefits from risk aversion, PMI data weigh

Russia shelves plan to cut oil price budget rule this year.Russia has shelved plans to cut its oil-price threshold for topping up a reserves fund, Deputy ​Finance Minister Vladimir Kolychev was quoted as saying on Tuesday, ‌suggesting recent price rises are boosting the fund without the need to act.

Oil Market Chaos Deepens as Volatility Signals Possible Trend Reversal.Michael Boutros, Senior Market Analyst at FOREX.com, breaks down oil market volatility as prices swing sharply following a historic rally and sudden reversal. He explains how extreme price moves, key technical levels, and shifting market structure are signaling potential exhaustion, while ongoing geopolitical risks could still reshape the outlook if disruptions persist.

USD: Petrodollar foundations tested by Iran conflict – Deutsche Bank.USD: Petrodollar foundations tested by Iran conflict – Deutsche Bank

Natural Gas Price Analysis – Natural Gas Continues to Bump Along the Bottom?.The natural gas market clearly looks as if it is going to continue to struggle to find momentum. At this point, rallies are to be faded.

Crude Oil Price Analysis – Crude Oil Continues to Move on Every Headline.Crude oil bounces slightly early on Tuesday, as we continue to dance back and forth on the latest Tweet and rumor.

Is the war taking a new turn? – WTI Technical analysis.WTI (US) Oil update: The market trajectory shifts as President Trump signals resuming US-Iran negotiations, corroborated by diplomatic movements in Pakistan. However, the arrival of 4,500 US Marines and a 44% priced probability of an April ceasefire maintain uncertainty.

BoE's Pill: Ready to act if necessary.BoE's Pill: Ready to act if necessary

US PMIs point to 4% inflation and 1% growth.US PMI data for March point to a deteriorating growth-inflation balance, with activity slowing while price pressures rise. PMI Manufacturing improved from 51.6 to 52.4, but PMI Services fell from 51.7 to 51.1, an 11-month low.

GBP/JPY slips as weak UK PMI data weighs on Sterling.GBP/JPY slips as weak UK PMI data weighs on Sterling

BoE's Pill: Uncertainty no excuse for inaction as inflation risks rise.BoE Chief Economist Huw Pill signaled growing concern over inflation risks stemming from the Middle East conflict, pointing to energy prices as the primary channel through which the shock will affect the UK economy. He described the current environment as one of “radical” uncertainty but stressed that commodity price movements will ultimately determine the policy outlook.

Bank of England's Pill says uncertainty is no excuse for inaction on inflation risks.Bank of England Chief Economist Huw Pill said ​on Tuesday that uncertainty ‌about the exact economic implications of conflict in the Middle East ​should not be used ​as an excuse for inaction ⁠over inflation threats.

Sterling Leads, Aussie Lags as PMIs Expose Uneven Stagflation Shock.Markets stayed cautious through the European session as a persistent “trust gap” around the Middle East conflict kept investors from fully embracing a peace pivot. Major European indexes traded sideways while US futures edged lower, reflecting a lack of conviction despite earlier optimism.

EU: Australia trade deal underscores strategic pivot – Rabobank.EU: Australia trade deal underscores strategic pivot – Rabobank

United States Redbook Index (YoY): 6.7% (March 20) vs 6.4%.United States Redbook Index (YoY): 6.7% (March 20) vs 6.4%

DAX forecast: Markets remain sceptical and headline driven | Technical Tuesday.Markets remain firmly at the mercy of geopolitical headlines, and Trump's constant social posts delivering mixed messages. The US dollar, stock indices, gold and crude oil are all continuing to swing on every update tied to the Middle East conflict.

NZD: RBNZ cautious on conflict inflation – BNY.NZD: RBNZ cautious on conflict inflation – BNY

WTI: Oil Price Rises After Iran Described Trump's Peace Talks as Fake News.WTI oil price rose above $90 per barrel on Tuesday after sharp Monday's drop (around 10%) to $84.50 (the lowest since Mar 11) after President Trump announced a peace deal with Iran and postponed US military action towards Iranian energy sector, sending shockwaves through the markets.

ECB's Sleijpen: Energy prices likely to become entrenched more quickly than in 2022.ECB's Sleijpen: Energy prices likely to become entrenched more quickly than in 2022

Mexico 1st half-month Core Inflation meets forecasts (0.22%) in March.Mexico 1st half-month Core Inflation meets forecasts (0.22%) in March

Mexico 1st half-month Inflation registered at 0.62% above expectations (0.37%) in March.Mexico 1st half-month Inflation registered at 0.62% above expectations (0.37%) in March

Euro area: War impact weighs on outlook – Commerzbank.Euro area: War impact weighs on outlook – Commerzbank

investingLive European FX news wrap: Markets consolidate as focus turns to negotiations.The main highlight of the session was the release of the Flash PMIs for the major Eurozone economies and the UK. All the PMIs came out lower than expected with just some manufacturing figures beating estimates.

Pound loses footing, business activity growth slows on Iran war hit.The British pound fell against the dollar on Tuesday, ​reversing some of its rise from the day before, as the Middle East war continues ‌to hold sway over markets and as signs emerged that the conflict was starting to affect Britain's economy.

USD/JPY: BoJ wage dynamics back further hikes – BBH.USD/JPY: BoJ wage dynamics back further hikes – BBH