Daily Market Newsletter

March 10, 2026

Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you.

Web TV from Trading Central

GBP/USD Intraday: Further Upside Expected

On an intraday basis, GBP/USD is expected to advance further as long as the key support at 1.3380 holds.

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Market Wrap

Market Wrap: Stocks, Bonds, Commodities

On Monday, U.S. stocks staged a dramatic intraday reversal to the upside following President Donald Trump’s comments that the war against Iran will end very soon.

The S&P 500, which was down nearly 1% at open, closed 55 points higher (+0.83%) at 6,795.

The Nasdaq 100 gained 324 points (+1.32%) to 24,967, and the Dow Jones was up 239 points (+0.50%) to 47,740

Earlier on Monday, U.S. WTI crude futures shot up to challenge the level of 120 dollars a barrel, up over 31% from the prior session, as the Strait of Hormuz, a key chokepoint for global oil transportation, continued to see minimal oil-tanker traffic due to the Middle East conflict.

However, U.S. crude futures eased back to settle at 94.77 dollars a barrel (up 4.26% on day) on reports that G7 countries may release emergency oil reserves.

And in early Asian hours on Tuesday, U.S. crude futures eased further to 88 dollars a barrel after President Trump said he was considering seizing control of the Strait of Hormuz.

Technology giants closed in positive territory on Monday, with Nvidia (NVDA) rising 2.72%, Alphabet (GOOGL) up 2.63%, and Apple (AAPL) up 0.94%.

Chip and related stocks outperformed the market, with Sandisk (SNDK) surging 11.64%, Advanced Micro Devices (AMD) up 5.33%, and Micron Technology (MU) up 5.14%.

Airline and cruise stocks saw gains, with United Airlines (UAL) and Delta Air Lines (DAL) both rising 2.66%, and Norwegian Cruise Line (NCLH) up 3.29%.

Hims & Hers (HIMS) surged 40.79% as Danish drugmaker Novo Nordisk said it had agreed to distribute its weight-loss drugs through the company’s telehealth platform.

Companies confirmed to join the S&P 500 soon closed markedly higher, with Vertiv (VRT) jumping 9.33%, Lumentum (LITE) up 14.73%, Coherent (COHR) up 7.04%, and EchoStar (SATS) up 3.46%.

The U.S. 10-year Treasury yield fell 3.6 basis points to 4.102%.

European stocks eased further, with the DAX 40 declining 0.77%, the CAC 40 down 0.98%, and the FTSE 100 down 0.34%.

Gold ended Monday’s session 33 dollars lower at 5,139 dollars an ounce.

Market Wrap: Forex

The U.S. dollar pared its strength against other major currencies, with the dollar index declining to 98.87.

EUR/USD rose 17 pips to 1.1636.

USD/JPY ran up to 158.90 before retreating to 157.70, little changed compared to the prior session.

GBP/USD rose 21 pips to 1.3432, and AUD/USD climbed 40 pips to 0.7070.

USD/CHF gained 20 pips to 0.7777, and USD/CAD added 11 pips to 1.3578.

Bitcoin bounced 4% to 68,600 dollars, halting a four-session decline.

Morning Trading

In Asian trading hours, USD/JPY edged up to 157.88. Japan's household spending fell 1.0% year-on-year in January, compared with -2.2% estimated.

Meanwhile, AUD/USD eased to 0.7060. Australia's NAB business confidence index dropped to -1 in February, below 3 expected.

On the other hand, China's exports rose 21.8% year-on-year in January-February, above 7.1% expected, and imports were up 19.8%, above 6.3% estimated.

EUR/USD retreated to 1.1615 and GBP/USD slipped to 1.3422.

Gold bounced to 5,169 dollars.

Bitcoin advanced to 70,218 dollars.

Expected Today

Germany's trade surplus for January is estimated at 15.4 billion euros.

France's trade deficit for January is expected at 3.4 billion euros.

In the U.S., existing home sales are estimated to drop 0.8% month-on-month in February.

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