Market sentiment struggles as US stocks decline, Nikkei fluctuates, and currency markets remain steady amid economic concerns.
Switzerland’s producer prices rose, EUR/USD fell, gold remained high, and the UK pursued growth amid fiscal challenges.
BOJ Governor Ueda expects gradual improvements in real wages, consumption, and underlying inflation as import costs moderate.
Swiss producer prices fell 0.1% in February. EUR/USD weakened, gold remained strong, and Metaverse tokens corrected.
The US may classify VAT taxes as tariffs, potentially increasing costs and prompting retaliatory measures from trading partners.
The US Dollar Index tests support at 103.34, with oversold conditions and resistance at 104.34 amid fluctuations.
UK February RICS housing survey balance falls to +11, lowest since September, with weaker home buyer demand.
Gold prices in Saudi Arabia rose, reflecting global trends. Central banks’ gold purchases influence market fluctuations significantly.
Gold prices in Malaysia rose to 419.36 MYR per gram. Central banks added 1,136 tonnes in 2022.
TD sees the rate cut as protection against tariffs, forecasting a mild recession and cautious monetary policy.
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