The tech-heavy index started the week around Friday’s close but trading appears muted in a week of ‘high importance’ US data including Powell’s testimony and NFP
USD/JPY climbs on Monday, driven by rising U.S. yields. This action-packed week features Tokyo inflation, U.S. ISM services data, Powell’s testimony before Congress, and the critical U.S. jobs report – all potential catalysts for FX volatility.
OPEC+ kept supply cuts in place, with Russia surprising markets by constraining its output for Q2. Red Sea strikes add to upside potential but growth concerns linger
The Chancellor will need to refrain from any unfunded offers to voters this week. Sterling might suffer if he doesn’t.
Last Friday’s sharp rally sent gold back to levels not seen since early-December. With little in the way of technical resistance ahead of last year’s spike high, will gold continue to rally?
The upcoming week brings a flurry of central bank activity and high-impact economic data, setting the stage for potential volatility in financial markets.
Gold surges past crucial resistance levels, hitting its highest mark since December of the previous year. The sustainability of this week’s bullish breakout, however, depends on the upcoming U.S. jobs report.
The yen lost ground on Friday after BoJ Governor Ueda indicated that inflation is retreating rapidly and that further confirmation of the sustainability of the price goal is needed to change strategy, signaling that a March rate hike is unlikely.
EU core inflation y/y dipped to 3.1% in February from 3.3% in January but came in above market expectations of 2.9%. EUR/USD eyeing a break below 1.0800.
The Japanese Yen has surrendered the majority of its gains just 24 hours after BoJ Board Member Hajime’s calls for policy normalisation. Huge focus on wage data this month