United Kingdom Retail Price Index (MoM) came in at 0.4% below forecasts (0.5%) in February
United Kingdom Retail Price Index (MoM) came in at 0.4% below forecasts (0.5%) in February
United Kingdom Consumer Price Index (YoY) in line with expectations (3%) in February
United Kingdom Consumer Price Index (YoY) in line with expectations (3%) in February
United Kingdom Retail Price Index (YoY) came in at 3.6%, below expectations (3.7%) in February
United Kingdom Retail Price Index (YoY) came in at 3.6%, below expectations (3.7%) in February
Sweden Producer Price Index (MoM): 0.2% (February) vs previous 2.4%
Sweden Producer Price Index (MoM): 0.2% (February) vs previous 2.4%
Sweden Producer Price Index (YoY) rose from previous -2% to -1.7% in February
Sweden Producer Price Index (YoY) rose from previous -2% to -1.7% in February
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.