FX markets

Daily Market View 09-03-2026

Listen to this daily briefing

1:05

Oil at $100 a Barrell signals massive concern for Central Banks

1 Minute Market Rundown

Brent crude price punches over $100 a barrel for the first time since 2022
Rise in prices could force a number of Central Banks around the world to raise rates this year in response to energy prices
GBPEUR perfectly flat in trading so far, whilst GBPUSD and EURUSD continue declines

World-

News is coming in trickles and then pours, with most watching the leaders of the US admin for clues on where next. As an analyst, my job of attempting to sift through current trends to make conclusions about future trends is made much more difficult by the total lack of coherency and transparency from the admin so far.

Screenshot 2026-03-09 081109

The Strait of Hormuz remains blocked, with traffic nearly reaching 0 yesterday and the promised convoys seem some way off yet. The statement from the admin yesterday regarding energy prices was appreciated, but its just talk in what is a developing crisis.

Amongst all of this, US jobs data releases today at 13:30 GMT, giving perhaps some respite from the constant war talk.

Markets Today

*Please be aware the below rates represent the market rate at 8:00 AM, contact your Caxton dealer or check online for a live quote.

Today's Economic Calendar

Major Economic Releases (All times in GMT)

13:30 - US Jobs Data

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