Mexico’s industrial output fell 2.9%, gold hit record highs, and currency markets reacted to trade concerns.
Ireland’s HICP rose 0.8% in February, exceeding forecasts, highlighting inflation trends and economic shifts in consumer pricing.
Market sentiment improves as stocks gain momentum. US futures trim losses, European indices rise, and key data awaited.
Irish HICP rose 1.4%, EUR/USD climbed, gold surpassed $2,950, GBP/USD steady, Metaverse tokens saw corrections.
Eurozone industrial production rose 0.8% in January, surpassing expectations, with intermediate and capital goods increasing.
South Africa’s manufacturing declines, EUR/USD recovers, gold surpasses $2,950, GBP/USD stable, Metaverse corrects, UK seeks growth.
Visa’s bullish trend continues, with Elliott Wave analysis indicating further gains before a corrective wave.
NZDUSD remains range-bound amid uncertainty, with traders watching US PPI. Key levels include 0.5850 resistance and 0.5680 support.
The Bank of Canada cut its policy rate to 2.75% and may lower it further due to economic uncertainties.
The IfW Kiel Institute forecasts German economic stagnation in 2025 but expects 1.5% growth in 2026 from spending.
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