Austria HICP (MoM) meets forecasts (0.8%) in February
Austria HICP (MoM) meets forecasts (0.8%) in February
US Dollar Index Price Forecast: Tests 99.50 support near nine-day EMA
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losing streak for the third successive session and trading around 99.50 during the early European hours on Wednesday.
Forex Today: Market focus shifts from Middle East to Fed
Here is what you need to know on Wednesday, March 18:
Silver Price Forecast: XAG/USD gains to near $80.00, but holds mildly bearish near-term bias
Silver price (XAG/USD) holds positive ground near $79.90 during the early European session on Wednesday. Escalating tensions in the Middle East push demand toward safe-haven assets like silver.
Gold flat lines above $5,000 as Middle East tensions and Fed decision loom
Gold (XAU/USD) reverses a modest intraday dip and trades just above the $5,000 psychological mark during the first half of the European session on Wednesday.
South Africa Consumer Price Index (MoM) rose from previous 0.2% to 0.4% in February
South Africa Consumer Price Index (MoM) rose from previous 0.2% to 0.4% in February
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.