The US dollar received some support after strong inflation data was released. The Federal Reserve is still expected to ease monetary policy this year, but the timing remains uncertain. The British pound weakened on weak employment data, while gold and Bitcoin might see some correction in the near future.

The US dollar is weakening against the Japanese yen and the euro. The Bank of Japan (BoJ) meeting on March 18-19 is eyed by investors for signs of a policy change. The BoJ is unlikely to raise rates but could signal an end to its yield curve control policy. The Federal Reserve is expected to cut rates in June due to a softer US labor market.

Financial markets are coming off a record-breaking week, but buckle up – this week still packs a punch! While not as jam-packed as last week, key data releases will likely cause some market volatility, especially with the Fed meeting approaching.

The market sentiment is currently bullish on the Euro and Pound, despite a lack of fundamental justification. The dollar is under pressure due to expectations of rate cuts from the Fed. Keep an eye on the US employment data, which could significantly impact the dollar’s direction.

The market is cautious and waiting for major events to influence direction. Focus on the European Central Bank (ECB) meeting and Jerome Powell’s testimony for potential market reactions. Pay attention to key economic data releases, especially U.S. non-farm payrolls, which could impact both EUR/USD and GBP/USD.

Market Update: Stock markets continue their upward trend, with major indices reaching new record highs last week. This week promises to be busy with several events that could cause market volatility.

It’s mixed bag for currencies as key data disappoints. The US Dollar is experiencing weakness, impacting several currency pairs. Inflation data and central bank decisions will be key factors in the coming days. Bitcoin and Ethereum is experiencing a strong rally, driven by various positive factors.