The market appears relatively stable at the start of the European trading session on Wednesday (March 12, 2025), indicating that traders are awaiting the release of US inflation data (Consumer Price Index/CPI) later tonight.
ट्रेडिंग सेंट्रल से विवरण इस प्रकार है:
अनुशंसित
अनुशंसित
अनुशंसित
अनुशंसित
- US CPI (year-on-year/Feb) at 19:30 WIB; forecast 2.9% compared to the previous 3%
- US Core CPI (year-on-year/Feb) at 19:30 WIB; forecast 3.1% compared to the previous 3.3%
सोना
The price of Gold (XAUUSD) has been experiencing volatility, fluctuating between US$ 2,908 and US$ 2,925 per troy ounce as the European trading session begins. The release of the US CPI data could potentially trigger significant movement as it may provide insight into the interest rate policies that will be adopted by the Federal Reserve.
Gold continues to receive positive sentiment from policies enacted by US President Donald Trump, which increased import tariffs on steel and aluminum from various countries. Furthermore, the European Union retaliated by imposing tariffs on American products worth US$ 28.33 billion, effective from April.
This situation enhances Gold’s appeal as a safe-haven asset. Gold could see a further boost if the US CPI data is released lower than the forecast.
तेल
Oil prices (CLS10) rose to US$ 67.03 per barrel at the beginning of the European trading session after previously dropping to US$ 66.14 per barrel.
This increase is likely due to short covering, as Oil had recently hit its lowest point since April 2023.
Negative sentiment surrounding recession risks in the United States and OPEC+’s plans to increase production, along with persistent concerns regarding the Russia-Ukraine ceasefire prospects, may overshadow Oil’s performance during tonight’s trading, leaving it vulnerable to a downward turn.
यूरोयूएसडी
The US-China trade war momentarily caused EURUSD to drop to 1.08875 at the start of the European trading session. However, by this afternoon, it has rebounded back above 1.09000. This indicates that EURUSD remains relatively strong, supported by positive sentiment from Germany’s planned fiscal reforms.
Considering this, if the US CPI data is released lower than the forecast, there is potential for EURUSD to gain additional positive sentiment.
जीबीपीयूएसडी
The movement of this currency pair mirrors that of EURUSD, having dipped to 1.29131 before slowly rebounding. GBPUSD is also benefiting from positive sentiment regarding Germany’s fiscal reform plans, as these could invigorate the European economy, which would inevitably affect the UK.
Thus, if the US CPI data is released lower than the forecast, there is potential for GBPUSD to see additional positive sentiment.
यूएसडीजेपीवाई
USDJPY surged to 148.744 at the start of the European trading session, climbing 981 points (98.1 pips) compared to Tuesday’s close. This rise may have occurred due to short covering after USDJPY touched its lowest level in five months yesterday.
The sentiment for the US dollar is generally negative due to the risks surrounding the economic slowdown in the United States. Thus, USDJPY may reverse if the US CPI data is lower than the forecast, which would open up larger possibilities for the Federal Reserve to consider cutting interest rates.
नैस्डैक
The Nasdaq index rose at the early European trading session, reaching a daily high of 19,566. However, it remains close to its lowest point in six months, pressured by concerns over the slowing US economy and the import tariff hike measures.
The CPI data release tonight could potentially trigger more significant movements. The Nasdaq is likely to experience volatility if the data is lower than the forecast. However, there is room for growth as the likelihood of the Federal Reserve being able to lower interest rates increases.
