บทความและสาระน่ารู้

The Euro (EUR) edges lower against the British Pound (GBP) on Monday, with EUR/GBP trimming earlier gains as traders refrain from making aggressive directional bets ahead of the European Central Bank (ECB) and Bank of England (BoE) interest-rate decisions due later this week.

Nordea economists Kjetil Olsen and Sara Midtgaard expect the Sweden's central bank, Riksbank to leave its policy rate at 1.75% on 19 March and through 2026, as inflation forecasts are only modestly revised and uncertainty over energy prices is high.

TD Securities’ Daniel Ghali notes persistent Chinese demand has kept the Shanghai arbitrage window open, supporting international Silver buying. Despite strong physical flows and CME warehouse draws, visible stocks remain ample relative to dealer shorts.

Gold (XAU/USD) edges higher on Monday after reversing intraday losses as the US Dollar (USD) and Treasury yields ease following its recent rally.

USD/CAD trades on the back foot on Monday as the Canadian Dollar (CAD) draws support from a softer US Dollar (USD), while traders show a muted reaction to the latest Canadian inflation data as attention remains firmly focused on heightened geopolitical tensions surrounding the ongoing US-Iran war.

National Bank of Canada (NBC) economists Matthieu Arseneau and Alexandra Ducharme say Canada’s latest CPI print shows inflation under control before the recent rise in Oil prices. Headline and core measures are both below 2.0%, with shelter inflation moderating.

Royal Bank of Canada (RBC) Senior Economist Claire Fan notes that Canadian headline inflation slowed to 1.8% in February, but base effects from last year’s GST/HST holiday and the removal of the consumer carbon tax distort comparisons.

TD Securities’ Senior Commodity Strategist Ryan McKay analyzes how disruptions around the Strait of Hormuz and Bab El-Mandeb are reshaping Saudi crude export risks and bypass capacity, with implications for Oil supply tightness.

ING’s Warren Patterson revises the base case for global Energy markets, abandoning an earlier assumption of a quick two-week disruption in the Strait of Hormuz.

Rabobank’s Senior FX Strategist Jane Foley argues that while the Swiss Franc meets many safe-haven criteria, its strength remains problematic for the SNB given very low inflation and a zero policy rate.