What's Moving Markets Today

Market Overview

Key Economic Releases This Week:

Mar 12: JOLTS Job Openings (USD)

Mar 13: Core CPI, CPI (USD); BOC Rate Statement (CAD)

Mar 14: Core PPI, PPI, Unemployment Claims (USD)

Mar 15: GDP (GBP); UoM Consumer Sentiment & Inflation Expectations (USD)

With rate cuts on hold, market attention is on the US economys health amid trade war tensions. Will Trump's policies drive growth or fuel voter dissatisfaction？

Stock Market Update:

The S&P 500 (-1.9% YTD) and Nasdaq (-5.8% YTD) show signs of slowdown, while the Dow Jones (+0.6% YTD) remains resilient. Defensive sectors outperform, while tech and consumer discretionary stocks struggle.

Recession concerns grow as the Atlanta Fed projects Q1 GDP at -2.4%. Market sentiment suggests the Fed may cut rates three times in 2025 to support growth.

Stock Movers:

Gainers: Nvidia, UnitedHealth, IBM

Losers: Intel (-5.54%), Boeing, Walt Disney, JPMorgan Chase

Market Analysis

GOLD: Stalemate after NFP; price remains above EMA200 with a bullish structure intact. Awaiting a clear breakout.

SILVER: Strong buy potential at $32.5177; MACD signals weakening sell momentum, and EMA200 acts as support.

DXY: Bearish momentum continues as MACD shows increased volume, but price fails to reflect a reversal. More selling opportunities ahead.

GBP/USD:

The Pound hit a new high last week but is now consolidating, awaiting direction from the dollar. Major news releases this week could trigger movement, but for now, MACD and RSI remain neutral.

AUD/USD:

The Aussie is consolidating below its previous swing high. EMA200 provides support, while MACD is crossing up, signaling potential buys. However, RSI suggests continued sideways movement until clearer confirmation.

NZD/USD:

The Kiwi holds bullish momentum, supported by EMA200. The zone high is resisting price, but MACD signals an upcoming bullish crossover. RSI remains low but previously approached overbought levels.

EUR/USD:

The Euro made a new high last week but is consolidating. Bullish continuation is likely if the dollar weakens further. MACD shows selling pressure, while RSI remains low, keeping prices stable.

USD/JPY:

The Yen is in a bearish trend after making a new low, yet consolidation persists. MACD signals a buy, while RSI suggests further downside risk. More confirmation is needed before a clear move.

USD/CHF:

The Franc is weakening the dollar, showing strong downside potential. MACD signals bullish movement, but RSI is overbought, indicating a higher probability of selling pressure ahead.

USD/CAD:

The Canadian dollar remains indecisive, testing EMA200 with MACD signaling bullish momentum. RSI normalizes, but consolidation is expected before a decisive move.

Most major pairs are consolidating, awaiting key economic data releases this week. Traders should watch for market-moving catalysts before committing to positions!

COT Reports Analysis

AUD - WEAK (5/5)

GBP - STRONG (5/5)

CAD - WEAK (5/5)

EUR - WEAK (1/5)

JPY - STRONG (5/5)

CHF - WEAK (3/5)

USD - STRONG (4/5)

NZD - WEAK (5/5)

GOLD - STRONG (3/5)

SILVER - STRONG (4/5)