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Key Points
- The U.S. February CPI recorded a year-over-year increase of 2.8%, falling below market expectations (2.9%) and the previous month’s figure (3.0%), providing relief to the market.
- In response to the 25% tariffs imposed by the U.S. on steel and aluminum, the EU and Canada have announced retaliatory tariffs on U.S. products.
- Regarding the Russia-Ukraine war, U.S. President Trump stated that U.S. government officials are currently heading to Russia. Meanwhile, Russia has maintained its position that it will respond after receiving concrete information from the U.S.
- The Bank of Canada is expected to cut rates as anticipated by the market but has hinted at a hawkish stance by closely monitoring future inflation expectations.
This Week’s Key Economic Events
+ March 13: U.S. February PPI
+ March 14: Germany February CPI
GBPUSD Chart Analysis
After breaking through the trend resistance, GBPUSD has maintained a steady uptrend, reaching the 1.30000 level. Since it is near a high point, there is a high possibility of a reversal in the near future, with a potential decline to the 1.28000 level. However, if it surpasses the 1.30000 level and reaches 1.31000, the upside potential will open up again, warranting a reassessment of the trend direction.
Please share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- The U.S. February CPI recorded a year-over-year increase of 2.8%, falling below market expectations (2.9%) and the previous month’s figure (3.0%), providing relief to the market.
- In response to the 25% tariffs imposed by the U.S. on steel and aluminum, the EU and Canada have announced retaliatory tariffs on U.S. products.
- Regarding the Russia-Ukraine war, U.S. President Trump stated that U.S. government officials are currently heading to Russia. Meanwhile, Russia has maintained its position that it will respond after receiving concrete information from the U.S.
- The Bank of Canada is expected to cut rates as anticipated by the market but has hinted at a hawkish stance by closely monitoring future inflation expectations.
This Week’s Key Economic Events
+ March 13: U.S. February PPI
+ March 14: Germany February CPI
GBPUSD Chart Analysis
After breaking through the trend resistance, GBPUSD has maintained a steady uptrend, reaching the 1.30000 level. Since it is near a high point, there is a high possibility of a reversal in the near future, with a potential decline to the 1.28000 level. However, if it surpasses the 1.30000 level and reaches 1.31000, the upside potential will open up again, warranting a reassessment of the trend direction.
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cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.