After digesting a heavy batch of data from Asian heavyweights—including Japan's GDP rebound and China’s record trade surplus—alongside fresh Eurozone trade figures, Tuesday’s macro calendar is now virtually empty. This silence is sharpening the market's focus on the fast-moving developments in the Iran war.
We are seeing a temporary breather in the oil market and a bump in risk currencies like the AUD, but the current optimism is fragile. While Donald Trump’s suggestions that the war could be "over soon" provided a welcome boost to sentiment today, words alone may not be enough to sustain a long-term rally if Iran continues its military defiance.
The only significant data point remaining is the crude oil inventory report. Given the recent surge in volatility—with Brent crude currently trading near $89.50 following a sharp plunge from $120—investors are highly sensitized to any data that might impact supply.
All times CET. Filtered by: US, UK, France, Germany, Eurozone, Japan, Australia, New Zealand, China, Canada. Source: xStation5
Is the FDA sabotaging medical companies? UniQure’s valuation rollercoaster
Morning wrap (05.03.2026)
Iran: Situation overview and outlook
US OPEN: Wall Street buoyed by robust data and shifting sentiment
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
