Financial News Today

GFS | 2024-03-13 12:04

Abstract：Market Review for March 13, 2023

Dollar Surges on Inflation Surprise, Impacting Currency Markets and CommoditiesThe US Dollar witnessed a strong rally at the start of the week, driven by unexpectedly robust US inflation figures released on Tuesday. This data spurred investors to rethink the timing of a potential rate cut by the Federal Reserve, possibly delaying it beyond June.Key Currency Movements (March 13):AUD/USD: The Australian Dollar faced a significant downturn, testing the 38.0% Fibonacci retracement level. The decline was triggered by a resurgent Dollar and a decline in iron ore prices.NZD/USD: The New Zealand Dollar encountered selling pressure, hovering near 0.6140 due to a strengthening Dollar and rising US Treasury yields. With no major economic releases from New Zealand today, the pair remains sensitive to broader market sentiment.EUR/USD: Despite German inflation meeting expectations, the Euro saw a modest retreat, pulling back to the 38.2% Fibonacci retracement level, indicating a possible bullish continuation. Investors await Eurozone industrial production data later in the day.GBP/USD: Pound Sterling weakened against the Dollar, sliding towards the crucial support at 1.2762 (near the 50% Fibonacci retracement). The UK is releasing key economic data today, including GDP figures and trade data.USD/JPY: The Yen recovered from recent losses, briefly surpassing 148.00, suggesting reduced expectations of the Bank of Japan tightening its monetary policy next week. A bearish trend could emerge if the 146.38 support level is breached.USD/CAD: The US Dollar tested the resistance at 1.3497 (38.2% Fibonacci retracement), with market participants anticipating a bearish continuation. Limited Canadian economic data today kept the Canadian Dollar subdued, despite a slight easing in US CPI inflation.USD/CHF: Positive CPI data initially propelled the US Dollar, but the pair closed near its Tuesday opening price.Commodities Market Dynamics:Oil: WTI crude oil prices held steady around $78.00 as investors monitored geopolitical tensions and awaited upcoming reports on crude oil inventories.Gold and Silver: Gold prices retreated to $2,150 per ounce, ending a nine-day winning streak, influenced by the stronger Dollar and rising US yields. Silver prices followed suit, declining after reaching near three-month highs.US Stocks Stability:Major Indices: US equities remained resilient, with the S&P 500 targeting the resistance at $5,184.97 after finding support at the 200-hour moving average. The Dow Jones surged to $39,073, while the Nasdaq approached the resistance level of $18,286.70.In Summary, market dynamics are influenced by various factors, with the stronger Dollar, fueled by surprising inflation data, impacting major currencies and commodities. Geopolitical tensions and upcoming economic releases continue to drive investor sentiment across markets.

market insights market analysis

Related broker

Not Regulated

GFS

Company name：Global Femic Services Limited

Score

1.56

Website：https://gfs-markets.co/

5-10 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

Score

1.56

The Week Ahead: Outcome of US-Iran talks keenly watched; Malaysia’s advance 1Q GDP estimates due thi

Global markets remain on edge as US–Iran negotiations approach amid a fragile ceasefire and ongoing geopolitical tensions. Despite volatility in energy prices and external uncertainties, Malaysia’s economy is expected to remain resilient, supported by strong exports and stable domestic demand, while inflation stays contained.

Original 2026-04-13 13:40

5 Useful Features You Didn’t Know XM Offers

If you're trading online or thinking about starting, you've probably heard of XM- one of the most popular and trusted forex and CFD brokers. But whether you're new or already a client, there's a good chance you might not know about some of the powerful tools and features XM offers. In this article, we’ll highlight five lesser-known XM features that could make your trading experience even better.

Original 2025-08-14 14:54

10 Best MUST- READ Books on Forex Trading

Traders neglect the basic education about the forex market and end up losing money. It is one of the common mistakes they do. It is unsaid rule that If you're enter in the jungle of forex, you must read, learn, and understand before you start trading. In this article, you'll get to know about the books on forex trading that you must read.

Original 2025-07-30 19:52