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🔔MARKET BELLS WITH IMPORTANT UPDATES - 10 MARCH 2026 🔔

🇪🇺/🇺🇸EUR/USD
EUR/USD softens below 1.1650 as Middle East turmoil boosts US Dollar
The EUR/USD pair loses ground to near 1.1620 during the early Asian session on Tuesday. The US Dollar edges higher against the Euro on fears that a prolonged conflict in the Middle East could disrupt global energy supplies and weigh on economic growth.

🇬🇧/🇺🇸GBP/USD
GBP/USD: Pound Sterling edges lower as Iran war concerns revive USD demand; downside seems limited
The GBP/USD pair struggles to capitalize on the previous day's move higher and edges lower during the Asian session on Tuesday. Spot prices, however, manage to hold above the 1.3400 mark as investors await further developments surrounding the US-Israel-Iran war before placing fresh directional bets.

🇺🇸/🇯🇵USD/JPY
USD/JPY stays weak below 158.00 as Japan's revised Q4 GDP lifts JPY
USD/JPY remains on the back foot below 158.00 in the Asian session on Tuesday, following Monday's solid upsurge to multi-month highs. An upward revision of Japan's Q4 GDP growth figures supports the Japanese Yen amid intervention fears. Furthermore, hopes for the Iran war resolution dent the US Dollar's global reserve currency status and act as a headwind for the currency pair.

🇦🇺/🇺🇸AUD/USD
AUD/USD holds losses near 0.7050 after Chinese trade data
AUD/USD inches lower after two days of gains, trading close to 0.7050 during the Asian hours on Tuesday. The pair holds losses as the Australian Dollar (AUD) moves little following the release of China’s Trade Balance data, which reported a trade surplus of $213.62B in February, exceeding the market expectations of $179.6B and $114.1B prior.

🇳🇿/🇺🇸NZD/USD
NZD/USD drifts lower, eyes 0.5800 mark as renewed safe-haven buying benefits USD
The NZD/USD pair attracts some sellers during the Asian session on Tuesday and erodes a part of the previous day's goodish recovery gains from levels just below mid-0.5800s. Spot prices, however, hold above the 0.5800 mark as traders await China's Trade Balance data for some impetus amid persistent geopolitical uncertainties.

🇺🇸/🇨🇦USD/CAD
USD/CAD weakens as Oil prices ease after Trump remarks
USD/CAD edges higher after two days of losses, trading around 1.3600 during the Asian hours on Tuesday. The pair strengthens as the commodity-linked Canadian Dollar weakens after Oil prices trimmed earlier gains following remarks from US President Donald Trump that he plans to waive oil-related sanctions.

🥇XAU/USD
Gold tracks relief rally in global markets, eyes on Iran war
Gold builds on the previous rebound from near $5,000 early Tuesday as risk sentiment recovers. The US Dollar consolidates the overnight drop, led by Trump’s comments that the Iran war could be ‘over soon’. Technically, Gold needs a daily closing above 61.8% Fibo level at $5,141 for a sustained move higher.

🛢OIL
Oil rebounds, with WTI eyeing $100 again
Oil prices witnessed a dramatic intraday turnaround from the highest level since June 2022 on Monday after US President Donald Trump said that the US-Israeli war on Iran could be close to ending. Investors, however, remain concerned about the largest oil supply disruption in history, following the closure of the Strait of Hormuz, which helps the black liquid stage a rebound in the Asian session on Tuesday.

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