Today's Economic Indicators

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 - Gold prices are stagnant, moving sideways post-NFP news, waiting for a decisive Dollar movement. Indicators like MACD and RSI are inconclusive, but prices respect the bullish structure, so we look for buying opportunities.

SILVER - Silver shows buying potential at 32.5177, despite RSI indicating overbought conditions. The MACD suggests decreased selling chances, indicating a potential rise. We await definite breaks and see the EMA200 acting as support.

DXY - The Dollar is experiencing a bearish trend with strong momentum. MACD shows bullish volume, but prices dont reflect it, as RSI indicates overbought conditions. We seek selling opportunities.

GBPUSD

The Pound has risen to a new high last week, but failed to progress beyond it and has consolidated, waiting to see how the dollar will play out for the entire week. The Monday is relatively quiet, but major news releases throughout the week may change the entirety of this moving forward. The MACD and the RSI is failing to show any clues yet as the markets remain consolidated.

AUDUSD

The Aussie dollar is consolidated under the previous swing high. The break above did show increased bullish momentum, but the fall is not uncalled for. The markets stay on the EMA200 and the previous swing zone. We can also see the MACD cross up, showing potential to buy. However, the RSI is consolidated right now, and there is potential for price to continue moving sideways a bit more until further notice. We wait for more confirmation.

NZDUSD

The Kiwi is currently supported by the EMA200 and is finding increased bullish movement. The zone high is currently resisting prices and the MACD is currently going to cross high. The RSI Is also keeping low, but was almost reaching overbought level previously. We cannot determine the movement of price at the moment, but we call for an increase in the bullish sentiment since overall market direction is still respecting bullish movement.

EURUSD

The Euro dollar is still consolidated, but was able to make a new high last week. The markets are expected to continue the bullish movement, given that the dollar continues showing weakness. The MACD is selling while the RSI is keeping low while actual prices are maintaining a healthy level in price. We wait to see how the markets will progress moving forward.

USDJPY

The Yen is currently seeing increased bearish movement, but the current price is still consolidated despite making a new low. While this move may seem good, it might also signify a chance for prices to shift up. The MACD is currently calling a buy despite a slow movement with price, while the RSI is calling high levels despite the slower movement in price, showing chances for it to continue selling moving forward. We wait for more confirmations with price,

USDCHF

The Franc is seeing increased chances to continue going down more than how the other pairs are fairing as it provides a more stable option against the dollar. The MACD is seeing an increase, although this is not matched by the RSI calling overbought levels. This tells us that the markets have a higher chance to sell and that the buying volume is low. Thus, we look for more chances to sell the market.

USDCAD

The CAD fights but fails to find any significant movement to a direction. The EMA200 is being tested while the MACD is showing increased bullish movement. The RSI is going under, showing normalization of the potential to buy more. However, we call that this market can consolidate more than it will move to a specific. While the chances for this to move back up and return bullish is high, we cannot know until we see a more resolute skewed direction in which the market is heading to.

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)