South Africa Consumer Price Index (YoY) dipped from previous 3.5% to 3% in February
South Africa Consumer Price Index (YoY) dipped from previous 3.5% to 3% in February
Fed: Powell focus as policy steady – UBS
UBS' Chief Economist Paul Donovan notes that the Federal Reserve is widely expected to keep policy unchanged, with attention centered on Fed Chair Powell’s press conference. Markets are looking for Powell’s reaction to Oil prices, the war and implications for US retail gasoline.
USD: Fed focus and broad weakness – UOB
UOB analysts note the broad Dollar index DXY fell for a second day to 99.57 as traders positioned ahead of the Fed decision and reacted to geopolitical tensions around Iran.
WTI holds losses near $93.50 as supply concerns ease
West Texas Intermediate (WTI) oil price has given up its recent gains from the previous session, trading around $93.20 per barrel during the Asian hours on Wednesday. Traders are awaiting the US Energy Information Administration (EIA) report due later on Wednesday for fresh cues on supply trends.
China’s foreign ministry expresses delay in Trump’s meeting with Xi
China's foreign ministry said during the European trading session on Wednesday that it will provide updates about the delay in United States (US) President Donald Trump’s meeting with Chinese leader Xi Jinping.
EUR/USD: Options signal pre-war regime – Commerzbank
Commerzbank’s Michael Pfister analyses EUR/USD options, noting that since the Iran conflict the relationship between implied volatility and risk reversals has reverted towards its pre–"Liberation Day" pattern.
ECB: Hawkish tone expected as hike doubts persist – Commerzbank
Commerzbank strategist Hauke Siemßen argues that ECB expectations will dominate trading, with forwards now fully pricing the first rate hike by September and only a 50% chance of another move by year-end.
EUR/USD struggles to extend recovery above 1.1550, Fed’s policy remains in focus
The EUR/USD pair faces slight pressure near 1.1550 during the European trading session on Wednesday after a two-day recovery move. The major currency pair struggles as the US Dollar strives to regain ground ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.
Brent: Elevated conflict risk supports higher path – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong revise their Brent Oil profile higher as the US–Iran conflict keeps the Strait of Hormuz effectively shut and Oil flows near a standstill.
Oil: Volatility eases as supply headlines shift – Deutsche Bank
Deutsche Bank analysts highlight that Brent Oil remains above $100 but daily trading ranges have narrowed, signalling some easing in volatility.
NZD/USD attempts to break key hurdle of 0.5870 ahead of Fed’s policy
The NZD/USD pair strives to extend its recovery move above 0.5870 during the European trading session on Wednesday. The Kiwi trades higher as the US Dollar (USD) struggles to gain ground ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.
Austria HICP (YoY) increased to 2.3% in February from previous 2%
Austria HICP (YoY) increased to 2.3% in February from previous 2%