Page 8 - March Fed News Today

Markets scaled back expectations for a March Fed rate cut to about 50%. Later in the session, the Fed Beige book indicated that there was little change in economic activity. At the same time, holiday sales held up well and contact indicated that the prospect of Fed rate cuts is a source of optimism going forward. German yields added between 9.8 bps (2-y) and 0.4%(30-y).

Bets for a pause in the March meeting of the US Fed are increasing significantly, say analysts

Thursday's USD/JPY forecast maintains its optimistic stance, staying bullish despite a minor retreat amid an upbeat US retail sales data.

The EUR/USD pair builds on the overnight bounce from its lowest level since December 13, around the 1.0845 region, which coincides with the 200-day Simple Moving Average (SMA) and gains some follow-through traction on Thursday.

The EUR/USD pair remains under some selling pressure for the second straight day on Wednesday and drops to its lowest level since December 13, closer to mid-1.0800s, or the 200-day Simple Moving Average (SMA) during the early European session.

Gold price (XAU/USD) struggles to gain any meaningful traction during the Asian session on Wednesday and consolidates the previous day's downfall to the weekly low.

A roundup of investment ideas for active investors

Pound Sterling Today: UK Wages Data, BoE Expectations to Drive GBP vs EUR, USD

Gold price (XAU/USD) attracts some buyers for the second successive day on Friday and builds on the overnight bounce from a one-month low, around the $2,013 region, representing the 50-day Simple Moving Average (SMA).

Massive turnaround since CPI