Dr. S. Sivaraman
i-knowindices.com
Summary
This week ( 10-14 March 20014) – is the second week march .The players have to earn as much as they can before the end of First quarter. So they are expected to suddenly drop the market and buy against the sells what they have built so for.... The majors could undergo slow downward moves till month end After the extended upward move the majors could reverse USD/YEN is expected to rise quickly and change the market sentiment – EURO, GBP are expected to swing and slide. The session wise expected market moves and the levels in which the majors could make the swings are explained during the webinar. Please view the recorded webinar to develop your trade ideas.Latest Live Videos
Editors’ Picks
EUR/USD holds above 1.0800 ahead of Eurozone GDP, according to US CPI data
The EUR/USD pair trades with a bullish bias around 1.0815 during the Asian trading hours on Wednesday. Markets might turn to a cautious mood later in the day ahead of key economic data from the Eurozone and the US.
GBP/USD consolidates its gains above 1.2580, all eyes on US CPI data
GBP/USD consolidates its gains around 1.2590 during the Asian session on Wednesday. The major pair holds above the key 100-day EMA but remains capped under the 1.2600 hurdle. The US Consumer Price Index and Retail Sales report for April will be in the spotlight.
Gold price trades with a mild positive bias, US CPI and PPI data loom
Gold price posts modest gains on the weaker US Dollar on Wednesday. The rising gold demand from robust over-the-counter market investments, consistent central bank purchases, and safe-haven flows amid Middle East geopolitical risk act as a tailwind for XAU/USD.
Ethereum bears attempt to take lead following increased odds for a spot ETH ETF denial
Ethereum is indicating signs of a bearish move on Tuesday as it is largely trading horizontally. Its co-founder Vitalik Buterin has also proposed a new type of gas fee structure, while the chances of the SEC approving a spot ETH ETF decrease with every passing day.
US CPI data expected to show slow progress towards 2% target
The US Consumer Price Index is set to rise 3.4% YoY in April, following the 3.5% increase in March. Annual core CPI inflation is expected to edge lower to 3.6% in April. The inflation report could influence the timing of the Fed’s policy pivot.