Sunday, 12 March 2023

Markets Week Ahead: Dow Jones, S&P 500, Gold, US Dollar, Recession Woes, CPI, ECB

The Dow Jones and S&P 500 tumbled as US bank sector woes triggered rising fears of a recession, cutting back Fed rate hike bets. Gold prices soared as Treasury yields dropped. Ahead, eyes are on US CPI and the ECB rate decision.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...