Exceptional day in the financial markets, with a mix of geopolitical tensions and critical economic data. Volatility is high in gold ๐ฐ, currencies ๐ฑ, and oil ๐ข due to the partial closure of the Strait of Hormuz and anticipation of central bank decisions. *Strict capital management is a must today.*
*๐ฐ Key economic events for today - Saudi time GMT+3:*
*1๏ธโฃ UK Inflation Data*
โฐ 09:00 AM
Annual Consumer Price Index hits 3.3% and Producer Prices jump 4.4%. Data pressures the Bank of England and impacts the GBP/USD pair. 4aa9 $BTC
*2๏ธโฃ US Producer Price Index*
โฐ 3:30 PM
A key indicator for measuring inflation at the factory gate, closely watched by the Fed ahead of any decision. d8ea
*3๏ธโฃ Canadian Rate Decision*
โฐ 4:45 PM
Awaiting positions from global central banks ahead of the Fed meeting.
*4๏ธโฃ US Crude Oil Inventories*#BTCโ
โฐ 5:30 PM
Oil at $94.7 per barrel after a sharp drop, amid hopes for a resumption of US-Iran talks and reopening of Hormuz. Inventories could spark prices again if they come in lower than expected. 7c1e
*5๏ธโฃ Fed Rate Decision*
โฐ 9:00 PM #ุจูุงูุงุช_ุณูู
The most important event. The market is pricing in a rate hold but eyes are on the accompanying statement.
*6๏ธโฃ Open Market Committee Report + Jerome Powell's Press Conference*$USDC
โฐ 9:00 and 9:30 PM
Powell's statements will move the dollar and gold significantly, especially with US inflation expectations jumping to 4.7%, the largest monthly rise since April 2025. The dollar has seen weekly gains while gold hovers near $4700. 7c1e6a8809f0
*๐ Current Market Situation:*
- *Oil:* Dropped below $95 with diplomatic hopes, but a prolonged closure of Hormuz could push it to $100-150.
- *Gold:* Stuck around $4700 waiting on the Fed and developments in Iran.$BNB
- *Dollar:* Rising amidst geopolitical caution before the rate decision.
- *US Consumer Confidence:* At a historic low of 49.8 due to energy shocks and the Iranian conflict. 6a8809f07c1e
*โ ๏ธ The evening session is the riskiest today.* The Fed statement and Powell's speech will set the direction for the dollar, gold, and stocks for the coming weeks.