Monthly Archives: March 2026
Amid rising Middle East tensions, AUD/USD falls in early Asian trading, hovering near 0.7050
Written on March 2, 2026 at 7:21 am, by davin
AUD/USD slid to 0.7055 as Middle East conflict escalated; stronger US Dollar pressured the Australian currency.
OPEC+ plans a modest April production rise as Iran-Israel hostilities intensify, with retaliatory strikes involving US forces
Written on March 2, 2026 at 7:20 am, by davin
OPEC+ boosts output by 206,000 bpd as US-Israel attack Iran; oil jumps, retaliation hits Gulf bases.
Australia’s S&P Global Manufacturing PMI eased to 51 from 51.5 previously, indicating slower expansion
Written on March 2, 2026 at 6:21 am, by davin
Australia’s S&P Global Manufacturing PMI eased to 51.0 in February from 51.5, still signaling growth.
Reuters reports Iran’s IRGC Navy broadcast that vessels may not transit the Strait of Hormuz, closing it
Written on March 2, 2026 at 6:20 am, by davin
IRGC warns ships barred from Strait of Hormuz, threatening global oil trade and potentially boosting WTI prices.
In South Korea, the trade surplus reached $15.5B, beating forecasts of $10B for February
Written on March 2, 2026 at 5:20 am, by davin
South Korea posted a $15.5bn February trade surplus, beating expectations of $10bn and signaling stronger exports.
After acquiring debt-light, profitable rival Valaris, Transocean seems more appealing, aided by reduced leverage overall
Written on March 2, 2026 at 3:21 am, by davin
Transocean to acquire Valaris in all-share deal, boosting backlog to $10B and cutting debt, costs.
